Have you ever wanted to own an English pub but couldn't afford the investment? Well 167 investors have bought shares in a pub in the Yorkshire dales and can now say that they part own the King's Head pub in Swaledale. Gunnerside's popular pub has had a chequered history and in this episode Susan talks with Tracey Westgarth about the process the local community went through to turn their village pub into a community owned one.
The King's head is now tenant run and community owned but faces the challenges all public houses face at this present time during lockdown. The purchase process began last September and the community support has been tremendous. Shares were released in February 2020 and within 5 days the share offer was oversubscribed, and now has a waiting list in reserve. At a time when all pubs are closed the enthusiasm of the committee has ensured that the purchase still went ahead in order to secure the deal.
Advice and support was enlisted from the Plunkett Foundation who were involved from the start of the project. Also the team from The George and Dragon in Hudswell, a hugely successful local community owned pub, were happy to share their experience and advise the commitee on how to proceed with managing their membership. The next step forward is to proceed with repairs whilst awaiting government permission to reopen, and we look forward to a big party when that happens.
Pub website: www.kingsheadgunnerside.com
Foundation website: www.plunkett.co.uk
Address: Plunkett Foundation,
About the Host:
Susan is actively involved in promoting Yorkshire businesses with audio production and on social media. She has been living in Yorkshire for over 30 years. She is passionate about the county she has adopted as her home and she never ceases to be amazed at the wealth of talent ‘Inside Yorkshire’.
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