The current plan is that the ‘Angel Spinkhill Community Interest Company'(CIC) will purchase of the pub through a commercial loan agreement. There are a number of individuals who have offered this support and discussion is in progress. Once the pub is secured, there is the option to issue shares to the community.
The CIC are considering fresh approaches from potential investors: please contact Chris Emmott (email@example.com). The deal with Punch Taverns has to be finalised by the end of June. The group is also negotiating terms with restaurateurs.