The Angel, Spinkhill

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 (cp_emmott@hotmail.com). The deal with Punch Taverns has to be finalised by the end of June. The group is also negotiating terms with restaurateurs.

2 comments

  1. Angel, Spinkhill – update

    On 1st.July, The Angel Spinkhill Community Interest Company exchanged contracts on The Angel Hotel with Punch Taverns. On the completion date (26th.August), they will own the building.

    This is a significant step in the campaign to save The Angel. The total figure raised by their appeal was £170,870. This is made up of four major investors (£30k each) and £50,870 from individual investors.

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