£350K community pub share sale under way

The Punch Bowl, Burton-in-Lonsdale.
The Punch Bowl, Burton-in-Lonsdale.

Villagers in Burton-in-Lonsdale are buying shares in an attempt to purchase their local pub.

Residents aim to raise £350,000 for a community buy-out of the Punch Bowl, the only pub in Burton-in-Lonsdale.

This sum will provide for the purchase and proposed works to the 18th century Grade II listed pub and grounds.

Shares in the Punch Bowl are available to over 16s priced £1 each, with a minimum £500 and a maximum £50,000 investment. You don’t have to be a resident of the village to buy shares.

Mike Lavelle, chairman of Burton-in-Lonsdale, said “We’ve just lost the village’s primary school, a huge blow to village morale.

“Although the pub hasn’t closed, there’s a possibility a private buyer could close the pub in the future – something the community doesn’t want.

“Let’s hope we can bring the pub under community control, as we did with the village’s community-run shop nine years ago.”

The share prospectus is available on request by emailing bilcommunitypub@gmail.com , or can be viewed online at http://www.burtoninlonsdalecommunitypub.com .

Residents in Whittington in the Lune Valley recently considered a similar selling of shares to help a couple from Ormskirk to buy the village’s Dragons Head pub, which closed two years ago.

However, this situation has now changed after businessman Simon Nutter told residents he was buying the Mitchells-owned premises and intends to reopen as a pub.

Mr Nutter, who formerly ran cafes in Kirkby Lonsdale and Kendal, and Toppers nightclub in Penrith, was investigating means of raising capital to finance the re-development of the Dragons Head which may include a post office and shop.

“The village is looking forward to the opportunity to begin supporting Simon, with bums on stools and pints in hand,” said John Keegan, Whittington resident.

Residents aim to raise £350,000 for a community buy-out of the Punch Bowl, the only pub in Burton-in-Lonsdale.

This sum will provide for the purchase and proposed works to the 18th century Grade II listed pub and grounds.

Shares in the Punch Bowl are available to over 16s priced £1 each, with a minimum £500 and a maximum £50,000 investment. You don’t have to be a resident of the village to buy shares.

Mike Lavelle, chairman of Burton-in-Lonsdale, said “We’ve just lost the village’s primary school, a huge blow to village morale.

“Although the pub hasn’t closed, there’s a possibility a private buyer could close the pub in the future – something the community doesn’t want.

“Let’s hope we can bring the pub under community control, as we did with the village’s community-run shop nine years ago.”

The share prospectus is available on request by emailing bilcommunitypub@gmail.com , or can be viewed online at http://www.burtoninlonsdalecommunitypub.com .

Residents in Whittington in the Lune Valley recently considered a similar selling of shares to help a couple from Ormskirk to buy the village’s Dragons Head pub, which closed two years ago.

However, this situation has now changed after businessman Simon Nutter told residents he was buying the Mitchells-owned premises and intends to reopen as a pub.

Mr Nutter, who formerly ran cafes in Kirkby Lonsdale and Kendal, and Toppers nightclub in Penrith, was investigating means of raising capital to finance the re-development of the Dragons Head which may include a post office and shop.

“The village is looking forward to the opportunity to begin supporting Simon, with bums on stools and pints in hand,” said John Keegan, Whittington resident.