THE Save the Six Bells community share offer has been extended to give more people a chance to be part of a ‘historic moment’.
The Six Bells which was a much-loved pub in the community has been derelict for several years.
The pub can be found at Broad St Common in Peterstone, Wentlooge.
The owner who previously wanted to turn the land into a housing development put the pub on the market.
The ‘Save the Six Bells’ group want to buy the property through shareholders, donations and fundraising.
The group is a community benefit society which aims to develop the former pub into a community hub.
The Six Bells pub (Image: Google)
What is the latest?
The group launched a community share offer with a target of raising £150,000 which was due to close on February 21.
So far, the group has raised £40,000 with 64 shareholders and has announced they are extending their share offer.
The group are extending the community share offer until April 19 to ‘give more people the chance to be part of this historic moment’.
However, in the announcement on February 21, they said extending the option to the buy the Six Bells is still being negotiated.
‘The extension is crucial’
In the post, the group said: “We are currently in negotiations with the owner to extend our option to buy the Six Bells from the end of February to the end of May.
“This extension is crucial as it will give us the time we need to secure funding, including our £300,000 loan application that has been submitted to the WCVA as well as further grants from the National Lottery and other sources.
“We had hoped to confirm this extension today, however discussions are ongoing, and we will update you as soon as we have news.”
What does the business model propose?
This community hub proposed will have a café, pub, farm & craft shop, and visitor centre.
The hub aims to host events such as baby and senior singing groups, craft cafes and ‘men’s shed groups’.
The farm shop will stock locally made crafts and produce from local farmers, as well as essentials.
The visitor centre will address the ‘environmental neglect’ on the West Gwent Levels raising awareness of wildlife ecosystems and archaeology.
The campaign group trying to save the pub (Image: Save the Six Bells)
Their partners intend to hold education events such as Blas Gwent Farm giving practical training on how to grow and preserve vegetables.
The group has also had offers from academics for displays of archaeological finds from the local area and interactive information from the Living Levels.
The local Scouts and Guides are keen to use the centre as a base for their activities and immersing young people in the local area.
In their proposal, they said: “We aspire to create a community amenity within the Six Bells, celebrating, protecting and enhancing the Gwent Levels for future generations.”
How will they achieve this?
The community share offer has the following options:
-
Shares cost £10 each
-
Minimum investment: £100 (10 shares)
-
Maximum investment: £45,000 per person / £90,000 per organisation
The business model outlines the following five key phases for the development:
-
Phase 1 – Purchase the pub & carry out urgent renovations
-
Phase 2 – Open a pop-up bar/café/shop (limited hours, volunteer-run)
-
Phase 3 – Expand operations: recruit a tenant for the café/pub & a manager for the shop
-
Phase 4 – Fully operational, with a tenant-led café/pub & a community-managed shop
-
Phase 5 – Expand into B&B accommodation to support long-term sustainability
Share