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

Sidbury pub to become East Devon community first

06:30 31 March 2014

Campaign chairman Fred Burnett and secretary John Loudoun with East Devon MP and pub patron Hugo Swire and Red Lion landlord Neil Anthony

Campaign chairman Fred Burnett and secretary John Loudoun with East Devon MP and pub patron Hugo Swire and Red Lion landlord Neil Anthony

Archant

Regulars at Sidbury Red Lion are toasting a big step forward that should see it transformed into East Devon’s first community-owned pub.

Campaigners saw their bid initially rejected when they undercut the £295,000 asking price, but now ailing owners Punch Taverns have accepted the offer.

Sidbury Community Enterprises now faces the task of not only raising the funds to buy it, but also covering the start-up costs and footing the bill of their ambitious refurbishment plans.

Group chairman Fred Burnett said: “We are very pleased to have agreed a purchase price that is below what the owner has been asking for it.

“We need the community in Sidbury, and the wider Sid Valley, to now open their wallets and purses in order to raise the funds we need.”

The group wants to develop the pub as a social space to be shared by families, youths and older residents beyond the traditional pub offerings.

Sidbury Community Enterprises group will be launching its financing scheme offer in the next few weeks, in which anyone looking to invest can buy £50 shares, up to a total value of £20,000.

John Loudoun, its secretary, said: “We really need everyone to buy as many shares as they can, because if we cannot raise all the money needed in the next couple of months then we will not be able to purchase the pub.

“In those circumstances this community focused-venture will not happen. We need local people to help us give the Red Lion back its roar.”

Sidbury Community Enterprises is holding open days to let potential investors know about the share scheme in the village hall on Friday, April 25, and Saturday, May 3.

Punch Taverns put the pub on the market last year as it looked to clear its £2.4billion debt.

Campaigners have been trying to preserve the last pub in Sidbury since May and successfully had it listed with the district council as an asset of community value, temporarily blocking its sale to anyone else.

2 comments

  • We ended up living in East Devon because of a stay in Sidbury 11 years ago. We chose another village because we felt there were a lot of holiday lets in Sidbury - but we went to the pub, took part in the quiz and thought it was a good pub. We will keep our eyes open and be buying a share to help them out - good luck to them!!

    Report this comment

    Sue

    Monday, March 31, 2014

  • We ended up living in East Devon because of a stay in Sidbury 11 years ago. We chose another village because we felt there were a lot of holiday lets in Sidbury - but we went to the pub, took part in the quiz and thought it was a good pub. We will keep our eyes open and be buying a share to help them out - good luck to them!!

    Report this comment

    Sue

    Monday, March 31, 2014

The views expressed in the above comments do not necessarily reflect the views of this site

Other News Stories

Colin and Kylie Cramb new owners of Coles in Sidmouth. Ref shs 30-16TI 5102. Picture: Terry Ife

A wife proved she was the perfect match for her husband in more ways than one when he needed a kidney transplant.

Read more

Gallery: Pam Ayres

Yesterday, 16:55
Pam Ayres performs at the Ham Marquee. Ref shs 30-16SH 3391. Picture: Simon Horn.

Pictures: Sidmouth Pre-Festival Event

Read more
Yesterday, 16:30
Road

Business leaders have welcomed ‘serious proposals at last’ to improve one of the South West’s main arterial roads.

Read more
Yesterday, 14:45
Ian Rangeley, chairman of Seaton and Beer RNLI, with volunteers at the Beer lifeboat week. Ref shb 27-16TI 3453. Picture: Terry Ife

An original painting by an artist from Beer, worth up to £1,400, is up for grabs in a sealed bid charity auction.

Read more
Yesterday, 14:21
Friar West is celebrating 40 years of visiting Sidmouth during FolkWeek

A FolkWeek fanatic is set to enter festival folklore as he attends the event for the 40th year running.

Read more
Wed, 16:45
From left to right, volunteers receiving their awards, Cliff Jones, Sue Dorey, Patricia Palmer, Dieter Ritz, Sandra Iris, Nick Povey, Carol Laird,  Julia Burdekin. They were joined by charity patrons Mike Welch & Mary King MBE

Helpers receive length of service awards from patrons Mary King MBE and Mike Welch.

Read more
Wed, 12:08
NATIONAL EXPRESS - 45 YEARS OLD
Pictured the August 7th 1965 Wedding Photo Album of Brian Lewis & Patricia Cavanagh at St Clements Church. The Photographic album was handed in after being found at Birmingham Coach Station and National Express would like to reunite the album with the family
FOR FURTHER DETAILS CONTACT: Ros Golds on  0121 460 8419 / 07825 976 593 or rosalyn.golds@nationalexpress.com
Picture by Adam Fradgley

A coach company is appealing to reunite a wedding album with its rightful owner – ahead of what would be the couple’s 51st anniversary.

Read more
Wed, 11:38
Ref mhz Honiton Show promo.

Porkies family butchers are giving away a £50 voucher for your best picture

Read more
Wed, 11:05

Sidmouth resident warns about thieves targeting rural car parks after her bag was snatched.

Read more
Wed, 06:24
Record breaking stunt cyclist Andrei Burton entertained students at Sidmouth College this week as part of their 50th anniversary celebrations. Ref shs 28-16SH 2311. Picture: Simon Horn.

Sidmouth College pupils enjoyed a special treat to mark the end of the school’s golden anniversary celebrations.

Read more

Local Weather

Overcast

Overcast

max temp: 19°C

min temp: 16°C

Most Read News

Great British Life

Great British Life

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

HOT JOBS

Show Job Lists


Find planning applications