Communities looking to take responsibility for and ownership of their local pub, through purchase or long-term lease can now apply for financial support through the new Community Pub Business Support Programme.
A total of £3.62 million is available over the next two years and the support package includes business development support, advice and loan and grant funding. The financial support includes:
- Flexible bursary awards of up to £2,500 to fund pre-feasibility costs such as public consultation and valuations
- Combined loan and grant funding up to £150,000 but not exceeding £75,000 in grant contribution.
Although the programme is aimed primarily at communities considering taking responsibility for and ownership of their local pub, in some cases existing community-owned or managed pub-based businesses may be considered, if they are looking to diversify for community benefit and can demonstrate a clear economic case.
To apply, communities need to fill out an initial enquiry form or call the programme advice line for more information on 01993 810730.