There’s been some real progress towards re-opening the Tally Ho this month. Littlehempston Community Pub Limited (LCPL) have agreed a price with the current owner that’s very close to the valuation that was done back in April after a full survey.
Shares in LCPL (the co-operative set up to buy and re-open the pub) are still available, and the more shares we sell, the less we’ll need to borrow. The less we borrow, the easier it will be to make the Tally Ho successful, and the better the returns will be for our investors (the members of LCPL).
So if you’ve been waiting to see whether this project is really going to happen before investing, then now’s the time to put your money in. Shares are available at £250 each, and if you’re a UK tax payer then you should get 30% of your investment back from the taxman because we qualify for the government’s Enterprise Investment Scheme. Full details about buying shares are available on the Invest page of the Littlehempston Community Pub Limited website.
Hopefully it won’t be too long now before we can meet up again for a drink and a meal in South Devon’s first community pub !