Don't miss a story sign up to Sidmouth Herald's FREE daily newsletter CLICK HERE

Alternative bid threatens campaigners’ vision for pub

PUBLISHED: 13:00 23 June 2014

The Red Lion Inn in Sidbury

The Red Lion Inn in Sidbury

Archant

Regulars battling to save Sidbury’s last pub have pledged to keep fundraising after its owners revealed they have accepted an alternative offer – but they may get their wish after all.

The Save the Red Lion campaigners managed to sell shares worth half of the £200,000 they would need to purchase it and begin refurbishment works.

But with the business on the market for 14 months, they say it is unsurprising that Punch Taverns should accept another bid – although the potential purchasers also want to see it kept as a community pub.

A campaign spokesman said: “It was perhaps too big an ask to expect Punch Taverns to work with us for a few more months whilst we continued to seek to raise the outstanding balance required to fulfil our business intentions.”

The campaigners last year used legislation to block the pub’s sale to anyone else for six months – but that has since expired.

The spokesman said he wanted to dispel rumours that the new bid was lower than the campaign’s, and they should know within six weeks if it is successful.

In the meantime, they plan to continue fundraising for their £200,000 target by pursuing a capital grant and investment from potential shareholders.

A Punch Taverns spokesperson: “We have engaged with the group but as they were unable to raise the funds within the six months, as per the legislation, we have opened discussions with a potential purchaser who wishes to keep the Red Lion as a pub.

“We are currently in the legal process and whilst no contracts have been exchanged, we are hoping to reach an outcome that is satisfactory so that the Red Lion will remain as a pub for the Sidbury community.

“If the offer does not complete and the community group raise the funds then we would reconsider the offer.”

Other News Stories

Devon and Cornwall residents are being polled on whether they would pay another £12 a year to ‘protect frontline policing’.

Read more
Yesterday, 17:30

Volunteers working to improve Ottery Skate Park have been recognised for their hard work with a ‘community project of the month’ accolade.

Read more
Yesterday, 17:30

Consider yourself lucky if you have managed to grab tickets to Sidmouth Youth Theatre’s upcoming production of 
Oliver!, as the show has virtually sold out.

Read more
Yesterday, 16:54

The officers were involved in a ‘pre-planned operation’ this afternoon.

Read more
Yesterday, 16:28

The council has teamed up with South West Ambulance and will invest £5,000 in the life saving equipment.

Read more
Yesterday, 12:57

A car propped up on bricks that was dumped in a Sidmouth’s Bowd layby weeks ago has now been trashed.

Read more
Yesterday, 09:37

Coleridge Memorial Trust is appealing for information after ‘thoughtless damage’ was caused to panels remembering Ottery’s ‘most famous son’.

Read more
Tue, 17:30

A familiar face to customers, residents and holidaymakers at Fields of Sidmouth has hung up her apron after 20 years’ service.

Read more
Tue, 17:21

More than 1,200 tonnes of rubbish was recycled in East Devon over Christmas and New Year - the equivalent of six blue whales.

Read more
Tue, 12:30

The leasehold of a Sidmouth coffee shop is now on the market.

Read more

Local Weather

Partly Cloudy

Partly Cloudy

max temp: 11°C

min temp: 5°C

Most Read News

Useful Links

Family notices
Advertise in the paper
Submit a Story
Submit a Story
Buy Photos
Competitions
iwitness24
Facebook
Twitter
Google Plus Page
Reader Travel

Family Notices 24

Read Online

Image
Read the Sidmouth Herald e-edition E-edition

Newsletter Sign Up

Sign up to receive our regular email newsletter

Local business directory

Devon's trusted business finder

Show Job Lists


Find planning applications