We are now taking non-binding pledges from the community to state their intent to invest in shares in “Dry Drayton Community Enterprises Ltd” – the Community Benefit Society we have set up to buy the pub.
This society will be owned by the community and will own and lease out the pub for the benefit of the community. (Note Community Benefit Society is the new term for what used to be known as an Industrial and Provident Society).
PLEASE NOTE WE HAVE PASSED OUR INITIAL 1ST AUGUST DEADLINE BUT WE STILL NEED TO REACH OUR £250,000 GOAL AND THEREFORE WE ARE STILL TAKING PLEDGES!
The easiest way to pledge is to complete the simple online form. The form also contains detailed notes:
Alternatively there is a paper pledge form and detailed notes of how the Community Benefit Society and share issue will work is available to download in pdf form:
We also have some further Frequently Asked Questions (with answers) you can download:
Our business plan consists of 3 documents, the main business plan document, the Community Benefit Society rules document, and for those who want to study the detail of our financial modelling we also provide the Excel models. These documents are available in the INVEST page or you can also download them here:
Public Meeting Recording
Our public meeting on the 6th July was recorded and is available to view (see below). In this meeting we presented our progress so far, talked about the feedback we got from our survey and explained the next steps in the process to raise funds, buy the pub, renovate and re-open it. We explain in detail how the community share issue works and how and why we are taking pledges.
The video is in three parts below:
Part 1 – Introduction
Part 2 – Survey results
Part 3 – Next steps