The Blue Bell will Ring Again

You have made this happen

By 14th February, when the share offer closed, nearly 400 Community Heroes had invested in the future of the Blue Bell as a pub and so much more. Thank you so much for your support.

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The Blue Bell campaign has truly been an effort by the whole community. So many people have invested, have stood up to object to applications for the pub to be converted to residential use, have offered their help to renovate the premises, to transform the gardens, and to help run it.

Once the community owns the pub again, there will be much more to do. But everyone should be proud of what has been achieved in just one year and in the face of the challenges from the pandemic.

The finances

The share offer raised an amazing £115,000. We have been putting the finishing touches to the funding for the project, thanks to some zero-interest loans from generous locals, and pledges of help and materials from key tradespeople that reduce the costs of the project.

We are also seeking a grant from Stoke Ferry Parish Council, which has been made available by the government to help communities rebuild following the effects of Covid.

If you live in Stoke Ferry you can have your say on that proposal in our online survey. Please respond by 27th February. 

The final funding model

The final funding model has been accepted by the ‘More Than a Pub’ scheme funders, namely the Plunkett Foundation and Key Fund.

It is made up as follows:

Community shares                        £115,000

More Than a Pub Grant                £50,000

More Than a Pub Loan                 £50,000

Community Loans                         £40,000

In-kind support                              £15,000

Parish Council Grant                     £10,000

Total                                                £280,000

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What now?

Legal work on the purchase began back in December, in the expectation that the funding target would be reached. A full structural survey was carried out, a solicitor was instructed, and searches have been commissioned.  We are keen to complete the purchase as quickly as we possibly can. We will keep you updated on progress.

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We are delighted that our campaign team has grown. There is great expertise amongst our new recruits helping us to move into the next phase of project-managing the renovation and refurbishment, reaching out to local businesses for support, and developing our wider communications across media, social media and with all our supporters.

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We are continuing with our fundraising efforts including seeking additional grants for specific aspects, for example, installing disabled facilities. We want to be in a position where we can repay loans as quickly as possible. Future share launches remain another option.