March 15th was a very good day!
If you have not already heard, the chancellor revealed the spring budget for 2023. This was a key milestone in the journey for the Tremeirchion Community Pub.
"Chancellor Jeremy Hunt has announced funding to help a community buy its village pub. Villagers in Tremeirchion and the surrounding area aim to buy the Salusbury Arms.
The ambition is not only to save a valuable facility, but to create a community hub that is owned and managed by local people. An application for £175,000 was submitted to the UK Government’s Community Ownership Fund and the village needs to raise around £200,000, with a share offer launched.
Today the chancellor revealed in the Spring Budget 2023 that the bid had been successful.
Vale of Clwyd MP Dr James Davies, who assisted the Tremeirchion Community Pub Steering Group with the application, said: "This is absolutely fantastic news. The funding announced today will go a long way in helping to bring this exciting project to fruition."
"Chair of the Salusbury Arms Steering Group, Stuart Irvine said: "It is very exciting news that the community purchase of the Salusbury Arms, Tremeirchion will receive a grant of £175,000 from the Government’s Community Ownership Fund (COF). The timing couldn't be better with the Community Share Offer open until the end of the month. The Community Shares will provide the match funding for the COF grant. We have raised £70,000 so far but need a further £105,000 to get us over the line."
"The COF is a game changer to realise our dream of our much loved Salusbury Arms to be run by the community, for the community. We are grateful to Dr James Davies MP for his enthusiastic support of this project and his advice on the COF fund application. This is just the boost we need to encourage more investors to come forward to complete the community purchase."
If you want to read more on this or to watch the announcement which was given on S4C's Heno, you can do so here:
S4C:
Dr James Davies, MP for the Vale of Clwyd:
Daily Post:
Denbigh Free Press:
Rhyl Journal:
Thank you to everyone who made it to the pub last night for the announcement and for the Q&A session. We hope you had a lovely evening and all of your questions were answered.
You have until March 31st to get your investments submitted, so don't wait.
If you do have any questions, please get in touch.
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