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Gloucestershire Business News

Gloucestershire villagers hope to raise £300,000 to stop historic pub from closing

Enterprising residents of a Gloucestershire village have set up a SOS campaign to save their local pub from closing for good.

The Star Inn at Whiteshill has been on the market for more than a year without a buyer being found.

Punchline reported in May that the Cotswold stone Inn, which is the only pub in Whiteshill was on the market for a guide price of £300,000.

The marketing material said "The Star is prominently located on the road, unmissable as you drive out from Stroud, its handsome Cotswold stone façade having welcomed people for over 300 years.

"The Star is a super community pub that attracts a wider audience too.

"Customers enjoy the cosy bar with its beams and also the conservatory extension that looks out across the beer garden towards the superb view down the Stroud valley that is a real talking point."

But after attracting no viable offers, the owner has approached the Whiteshill community to see if they are prepared to make a bid to turn it into a community-run enterprise.

With support of the local Parish Council a steering committee and website has been established under the SOS - or Save Our Star - moniker.

A community meeting will take place on January 16 in the Whiteshill and Ruscombe Village Hall to establish whether there is enough interest in submitting a bid.

The website says: Supported by The Parish Council, a Steering Committee has been formed to undertake this process.

"Once our Due Diligence has been concluded and we are able to finalise our Business Plan we will be undertaking a Share Offer to the Community.

"Ideally, we hope to raise the majority, if not all the finances necessary to complete a purchase via this Share Offer.

"Full details of the launch of the Share Offer will be available to all community members.

"Our aim is to distribute dividends to all shareholders once reserves have been established. As a shareholder, your capital will be protected by the ownership of The Freehold of The Star Inn."

But ahead of any bids, the SOS campaign are asking residents to become a Friend of Save Our Star.

Donations are being sought to support the initial phase of establishing a 'feasibility fund' in order for the project to get underway.

Details of how to get involved can be found at saveourstarrinn.co.uk website.

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