24 August 2020
More Than a Pub Programme Re-opens with £2.2m in New Funding
Community organisations in rural and urban England that want to take control of their local pub for the benefit of the local community can apply now for a support package.
Funded by Power to Change and the Ministry of Housing, Communities and Local Government and led by the national charity, the Plunkett Foundation, this new £2.2 million round of More than a Pub, makes a range of support and funding available until December 2020.
The support includes allocated business development advisers, help with community consultations, advice on legal forms, business planning, community share offers and, bursary awards of up to £2,500.
Groups can access the full range of support from the pre-venture stage, or just the elements they need, depending on how well their plans are developed.
When a group is ready to purchase a pub, they can access a combined finance package of up to £100,000, made up equally of a loan and a grant.
Applications will be considered from organisations that are incorporated or intend to incorporate and which are using, or planning to use, one of the following legal forms:
- Community Benefit Society.
- Co-operative Society.
- Company Limited by Guarantee.
- Community Interest Company (large membership).
Regardless of legal structure, an asset lock, or other significant barrier, must be in place to ensure minimal private benefit (and notably the pub cannot be sold for the private benefit of those involved).
Applications will be accepted at any time and are assessed at Panel meetings on the second Thursday of every month. Applications must be submitted by the 28th of the previous month.
The programme will run from 19 August to December 2020.