Share option investigated for Crichie Inn

The executive sub-committee of the Crichie Community Inn'Steering Group discuss their next move.

The executive sub-committee of the Crichie Community Inn'Steering Group discuss their next move.

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At its recent meeting, the executive sub-committee of Crichie Community Steering Group resolved to incorporate an Industrial and Provident Society (IPS) Community Benefit Society in order to raise part of th efunds required to purchase the Crichie Inn by selling community shares in the pub.

If the CCISG share issue was limited to households in Stuartfield, the share-holding would need to be about £3.15 per household for every £1,000 raised.

The CCISG is currently preparing a leaflet-drop to be delivered not just to households in Stuartfield, but those in neighbouring villages as well.

This will give information about the group’s plans for the pub and it will contain a questionnaire to gauge willingness, without obligation at this stage, to buy shares in the project.

A prospectus giving details of the share offer is in preparation and will be made available as soon as possible to those seeking further financial details.

The committee plans to remodel the interior of the pub completely enabling it to serve a wide range of social functions including accommodation for Community Learning and Development.

It will also be redesigning and re-equipping the kitchen to enable the pub to serve high-quality meals as well as traditional bar food.

The committee is keen to invite expressions of interest from qualified chefs interested in the opportunity to make a significant investment in the project.

Those interested in contributing in any way are invited to make contact with Geoff Ewing, geoffewing@btinternet.com, or John Ollason, john@houseofdeer.co.uk