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

Weeds and overgrown grass at a ‘gateway to Sidmouth’ have prompted calls for action before the arrival of Britain in Bloom judges.

Read more

Drivers are being warned to be careful in Sidmouth after today’s downpour which has caused flooding in the town.

Read more

Powers to tackle antisocial behaviour in Sidmouth town centre have been introduced.

Read more

Youngsters learning to save lives at sea got their first hands-on experience with state-of-the-art first aid training kit on Saturday.

Read more

A diary giving a woman’s perspective on 19th century life in the Sid Valley has been reprinted by popular demand.

Read more

Ottery’s ‘committed and dedicated’ PCSO will walk her last patrol next month after nearly 15 years of service to the town.

Read more
Yesterday, 18:44

A former Sidmouth College pupil has snapped up a blink and you will miss role in a Hollywood blockbuster.

Read more
Yesterday, 15:52

Hundreds of people lined the streets of Sidmouth to watch a Mardi Gras-style procession for a bartender extraordinaire who lived up to his ‘Mad Dog’ moniker.

Read more
Yesterday, 12:55

Tickets are on sale for a special anniversary concert to mark a successful year of fundraising for Sidmouth Town Band.

Read more
Yesterday, 12:45

Dog owners are being warned to watch out for adders in Harpford woods.

Read more

Local Weather

Rain

Rain

max temp: 17°C

min temp: 13°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

HOT JOBS

Show Job Lists


Find planning applications