The Black Horse is the last of five pubs once located in Dry Drayton and has recently been closed and put up for sale. The Grade-II listed building is thought to date from the late 1700s or early 1800s and has been a pub since 1780.
Fearing sale to a developer, a community steering group has been set up to raise funds to buy the Black Horse, renovate it, find a suitable tenant and re-open it.
Status (May 2017)
The steering committee have been in communication with Bernard Lee of Pub is the Hub, who is optimistic about the chances for the Black Horse. We have set up a website, started talking to the community and the press and are in the process of getting the pub professionally valued.
The committee are working on a business plan. To raise the core funds the intention is to create a Community Interest Company (or similar) which will issue dividend paying shares (qualifying for EIS tax relief) to investors. We are also investigating the various grants and loans that are available.
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