Well, we have raised more than £140,000 from over 300 people in the local community , and more from a mortgage and other investors, so we now have the money in place to fund our final offer to the developers, which is 'in-line, if not above, the market value'.
We can complete the transaction and commence the building works, with the understanding that more potential investors are waiting for the outcome of our negotiations with the Gills before they pledge their investment. We still strongly believe that the only way for The George to be viable in the long run is by having it owned by the local community and operated for the benefit of the local community with each shareholder having a vested interest in the business doing well and a say in how it is run.
We believe that this sense of common ownership will ensure their custom and that The George will succeed in the centre of the village and at the heart of Silsoe.
Read all about it in our latest Press piece!Read more: http://www.bedfordshire-news.co.uk/silsoe-pub/story-29439950-detail/story.html#ixzz4DXt69MVe