- 8th August 2021
- Posted by: Steve Cross
- Category: Members News, News
At the end of July, we were delighted to be featured in The Times Property Supplement.
The Journalist, Hugh Graham, writes eloquently about the importance of villages which have retained and maintained their village pub, and refers to The Fox and Hounds Pub Co-Operative as the “Gold Standard”.
An extract from the article states: “The gold standard of community pubs is the Fox & Hounds in Denmead, Hampshire. In 2012, when the chain owners put it up for sale, developers were circling. But the parish council designated it an asset of community value, which prevents a sale of the pub for up to six months, and this bought the community time to raise the funds to save it. The pub now has 180 community shareholders, who raised £320,000 to buy it. Reopened in 2014, the pub has thrived. The tenants’ rent is reinvested in the community: books for the school, local CCTV, £1,000 to a food bank. Not only that, each shareholder receives a 3 per cent return on their investment a year. “You won’t get that on the high street,” says Rob Stark, chairman of the co-operative that runs it.“
Click here to read the PDF article text, or click the image below to read the full layout.