THE community share offer that gives people the opportunity to assist in the purchase and redevelopment of The Britannia Inn on Bath Road, Wells, has been extended by another month.
The East Wells Community Benefit Society (CBS) steering group has decided to keep the share offer open until Monday, June 30, to give as many people as possible the chance to buy shares.
The East Wells CBS was set up to lead local efforts to buy the empty pub – currently for sale with a guide price of £300,000 – and re-establish it at the heart of the community.
A drop-in afternoon was held St Thomas’ Church Hall on April 5, the day the share offer opened, so that residents could find out more about the project.
Shares bought so far total about 16 per cent of the initial target of £340,000 to buy the pub and start the renovation work.
Shares are priced at £1 each, with a minimum investment of £50, and a maximum of £25,000.
More information and an online share application form can be found at savethebritanniainnwells.org
A Crowdfunder has also been launched to support the fundraising campaign: crowdfunder.co.uk/p/save-the-britannia-inn-wells
Among those backing the Save the Britannia campaign are Wells and Mendip Hills MP Tessa Munt, Bishop of Bath & Wells the Rt Rev Michael Beasley, Wells City Council, and St Cuthbert Out Parish Council.