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

Alternative bid threatens campaigners’ vision for pub

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.”

0 comments

Welcome , please leave your message below.

Optional - JPG files only
Optional - MP3 files only
Optional - 3GP, AVI, MOV, MPG or WMV files
Comments

Please log in to leave a comment and share your views with other Sidmouth Herald visitors.

We enable people to post comments with the aim of encouraging open debate.

Only people who register and sign up to our terms and conditions can post comments. These terms and conditions explain our house rules and legal guidelines.

Comments are not edited by Sidmouth Herald staff prior to publication but may be automatically filtered.

If you have a complaint about a comment please contact us by clicking on the Report This Comment button next to the comment.

Not a member yet?

Register to create your own unique Sidmouth Herald account for free.

Signing up is free, quick and easy and offers you the chance to add comments, personalise the site with local information picked just for you, and more.

Sign up now

Other News Stories

19:52

Company says the cabinet is in ‘satisfactory’ location and complies with all necessary regulations

Read more
18:30

Beer’s annual bake-off hit its ‘highest standards’ yet, with more entries than ever before. Competitors were tasked with baking a creation that represented the village, stood at least two tiers tall and featured a decorative seagull.

Read more
14:35

Improvement work will form part of £35,000 cyclepath to link Sidbury and Sidmouth

Read more

Police were called to a two vehicle road traffic collision near Branscombe following reports of an overturned van.

Read more

A Sidbury father-of-two has raised more than £2,000 by shaving off his beard in aid of the unit that is helping his wheelchair-bound daughter walk again.

Read more

A Devon-based restaurant will become the first in 2017 to be given a top industry award.

Read more
Yesterday, 18:52

Award-winning team to premiere film at town’s annual Seafest celebrations

Read more
Yesterday, 14:09

Participants who paid for the event through the website are set to receive a full refund.

Read more
Yesterday, 11:40

Plans to secure a link across the River Sid that uses steps will render it accessible only to able-bodied users, a retired businessman has warned.

Read more
Yesterday, 10:31

A pair of Sidmouth Slimming World members had a magical start to the new year after being praised by television star Stephen Mulhern.

Read more

Local Weather

Overcast

Overcast

max temp: 7°C

min temp: 2°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

Local business directory

Devon's trusted business finder

Show Job Lists


Find planning applications