Fundraising momentum : £30,000 to go!
On 18th October 2023, we launched a second £300,000 share issue with a minimum of £150,000 needed by the end of January 2024 for the project to go ahead. If this share issue is a success, we are confident that, come hell or high water, we’ll reopen the Hop Pole. If this share issue fails, this project will have to be abandoned. The good news is £120,000 has already been subscribed so we only need another £30,000 (minimum).
So please, please dig deep, seek out any spare change down the back of your sofas and subscribe to a few more shares, so we can reach this target and fulfil our dream of reopening the Hop Pole as a community hub and pub.
FAQs
Q: When will the Hop Pole be reopened?
A: If we raise sufficient funds, we hope to reopen the Hop Pole in Autumn 2024.
Q: How much have you raised so far?
A: We have raised a total of £1,020,000 so £30,000 represents the last 3% of the funds required to reopen the Hop Pole.
Q: Where has all this money come from?
A: 600 people invested £570,000 in our first share issue, a further £330,000 has been raised from grants and over 100 people have subscribed £120,000 in our second share issue.
Q: What happens if you don’t raise the final £30,000 by the end of January 2024?
A: If we don’t raise the £150,000 minimum for the second share issue by the deadline, the issue will be deemed to have failed and all these subscribers will be refunded in full. We're then likely to have to sell the building to the highest bidder and, after repaying all grants and overage obligations, the existing shareholders will receive the balance which will be a fraction of their original investment. Please note the management committee have the right to extend the end-January 2024 deadline by up to four weeks.
Q: What happens if you raise £150,000 but are short of your £300,000 target?
A: Under this scenario we will be forced to use our limited funds as sparingly as possible. This will increase our dependence upon volunteer labour and donated materials and result in the building having a less high quality finish and a delayed reopening date.
Q: How easy is it to top up my existing shareholdings?
A: Very easy. If you have already subscribed the minimum £200 to this issue and want to add to that, please feel free to do so as any additional funds you can offer will be much appreciated. Just
complete the share application form on our website here
and email us to let us know this is a top-up investment.
Q: If I don’t have any spare funds, what else can I do to help?
A: If you have any spare time or relevant expertise please join our merry group of volunteers by emailing us at
volunteerslscbs@gmail.com. You can also help by spreading the word to friends and neighbours - the more people who get Inn-volved, the better the Hop Pole will be!
Your views are essential : planning application support needed
The latest application for the repair, enhancement and reuse of our Hop Pole Inn has been logged with Wiltshire Planners. As always, the application planning process invites comments to be submitted from both statutory parties and those with an interest. Please note that of all the applications logged so far this one crucially needs community input to highlight the importance of the new rear elements in achieving an accessible, vibrant and viable business. All comments are welcome however only those comments that address relevant planning policy matters carry any real weight in the officer’s assessment. With this in mind, we wish to invite you to add comments of support at the link below please, before 26th January, on the following themes (please don’t copy and paste but rewrite along the lines of these ideas):
- Redevelopment of rear of the building
: this will create a larger, more efficient and cost-effective space in which the pub can thrive as a business. Without this additional development, the long term sustainability of the business is put under pressure.
- Accessibility
: level access throughout will allow ease of access into the pub, its facilities and garden. Planned changes range from widened doorways though to new WCs, as well as level access and new rear elements that make the garden a space for all.
- Welcome
: A more inviting, accessible and welcoming front of house letting all visitors and passers-by know that the pub and community hub is open for business and encouraging all ages to be part of the community.
- Proposals for the garden and the garden room
: the garden has always been a key benefit for the Hop Pole, bringing in warm weather diners and drinkers. Our plans will allow visitors the opportunity to dine and drink outside all year round - a welcome addition for visitors and also a vital asset for the business.
New committee member : Welcome Julian!
We're delighted to welcome Julian Davies to the Save the Hop Pole committee, specifically looking after our brilliant band of volunteers! Many of you will know Julian as a long term resident and also as the electrician keeping the community aglow. Julian will be working closely with the building team and looking for tasks that we can put to our volunteers, so please keep your eyes peeled for Julian's calls to arms when we need you. Thank you again to all of our volunteers. This project would not be where it is without your valuable help!