Friendship Lunch at Crosspool Tavern on Monday 6 November
Has The Plough pub been purchased as a development opportunity?
An update from The Plough pub campaign team:
As you all know, we lodged our bid with Enterprise on August 17 and had some discussions with them after that date.
We were informed that a ‘significantly’ higher bid had been made and that it was from someone who wished to continue to operate the Plough as a pub. We took this information from Enterprise in good faith.
Since then, it has been very difficult to obtain any further information about the potential buyer but we have picked up a number of disturbing rumours suggesting that the pub has been purchased as a development opportunity.
We understand that a residential development of the site might be attempted in the guise of reopening the Plough as a bistro for a short period time but with the long term aim of redeveloping the whole site at the expense of the pub.
We remain committed to protecting the Plough as an Asset of Community Value and will campaign against any proposed change of use or any backdoor attempt to redevelop the site. The current ACV runs until 2020 at which time we can reapply for listing for another five years.
We did anticipate that when dealing with Enterprise, things are not always as they seem, and it may be we are in for another hard fought planning campaign.
We are keen to get the message out there to any potential developers – beware of the power of our local community!
Peter
The Plough Community Benefit Society
The Plough on Sandygate Road to reopen as a pub
The Save The Plough campaign group have announced that their bid to buy The Plough has been beaten by a higher offer from another party that wishes to reopen the pub:
We submitted our bid to the agents last week. Our bid was based on a professional valuation of £435,000 which also included the third car park adjacent to the sports ground.
We were informed by the agents that the third car park had now been taken out of the sale but we stood by our bid.
In discussions with both the agents and Enterprise Inns this week, we were asked if we could increase our bid to match one which was ‘significantly’ higher than ours. We did not want to get drawn into a bidding war and restated that our bid was a fair and reasonable offer.
It seems that Enterprise Inns will go with the higher offer. We do not know who the other bidder is but Enterprise did say it was someone who wants to reopen the pub and it is someone with a track record in the industry.
Despite the fact that we now seem to have reached the end of the road for our project, we would like to thank everyone who has supported the campaign and those who pledged to invest in a community pub. Local people have shown great support for the Plough and we think that this has persuaded other investors that it can be a viable pub and a great local.
Obviously, there is some disappointment in that we might not meet our aim of reopening the Plough as a community run pub but we feel that we can all be proud of what we achieved. When our campaign began in June 2016, our original campaign slogan was ‘Save the Plough’ and it looks like we have done that. If we had not successfully campaigned against Sainsbury’s application for change of the use, the pub would have been lost forever.
During the course of our campaign, it has become clear that there is tremendous community spirit in Crosspool and it would be great if that community spirit could be channeled into other local projects – any ideas?
Once again, we would like to thank everyone for their support throughout a long and challenging campaign and, whenever we had a low point as a campaign group, the support of the community always got us through.
Regards
Peter
(The Plough Community Campaign)
Further £20k pledged to Plough campaign
A further £20,000 has been pledged in support of the Plough pub since the last public meeting.
The campaign to reopen the Sandygate Road pub is looking to raise £120,000 through a community share issue.
A recent post on the campaign Facebook page says:
A few days ago, we needed 150 people to make a minimum pledge. Now that’s down to 80 – we’re sure if we all work hard, we can find those people.
Please email – ploughsandygate@gmail.com for a pledge form or to make a pledge.
Update on The Plough pub at Thursday 13 July 2017 meeting
Expect an update on pledges and next steps.
Successful festival quiz night at The Sportsman
Wednesday’s quiz night at The Sportsman pub was well attended as usual.
The local quiz regulars were joined by visitors from Stannington and Hillsborough as resident quizmaster Roger chose a selection of traditional and Crosspool quiz questions to make the evening enjoyable for all.
Meeting to discuss Plough community share issue on Thursday 15 June
The Star: Mystery man offers £500,000 to save Sheffield pub that escaped becoming a supermarket
Save The Plough campaign launches pub community share issue
The Save the Plough campaign is looking to raise £120,000 through a community share issue.
The group has been in discussions with a private investor who has offered to buy the freehold of The Plough and lease it back to the community group on favourable terms over an initial 10-year period. The private investor would cover the acquisition and external refurbishment costs.
The £120,000 would cover the initial start-up costs of the business.
If you are interested in making an investment in The Plough contact the group directly by emailing ploughsandygate@gmail.com or Facebook for a copy of the pledge form.
A public meeting is also scheduled to take place on Thursday 15 June, 7pm at St Columba’s on Manchester Road.
A post from the Facebook page:
We have formed the Plough Community Benefit Society Ltd and have registered with the Financial Conduct Authority. This means that we are now in a position to raise funds through a Community Share Issue.
Originally, our plan was to buy the freehold of the Plough which had been put on the market for offers in excess of £550,000. We commissioned a valuation from an independent consultant who valued the pub at £435,000. Clearly raising that kind of money plus funds for refurbishment would have been a tough challenge.
However, very recently, we have been in discussions with a private investor who has offered to buy the freehold of the Plough and lease it back to the community group on favourable terms over an initial 10 year period.
Financially, this makes our target much more achievable. The private investor would cover the acquisition and external refurbishment costs. We would be responsible for refitting the interior of the pub.
We are looking to raise £120,000 through a Community Share Issue which would cover the initial start-up costs of the business.
We are now seeking to gauge the level of support for a potential Community Share Issue. Shares will be valued at £1 and sold in batches with a minimum investment of £250 rising to the legal maximum of £20,000. All shareholders will have equal voting rights irrespective of the value of their holding.
If you would be interested in making an investment in the Plough, please contact us directly by email for a copy of our Pledge Form: ploughsandygate@gmail.com. Or contact us through Facebook messenger.
Please consider making a financial and social investment in the Plough as both a traditional local pub and a thriving community asset.
We will be in Crosspool precinct tomorrow morning if you would like to talk to us and we are planning to hold a public meeting on June 15th.
New-look Sportsman pub to be unveiled on Friday 10 March
The Sportsman pub is open as normal this week while refurbishment work starts but will close for a makeover from 6pm on Sunday 5 March in time for the expected reopening on Friday 10 March.
Follow The Sportsman on Facebook for the latest updates
Crosspool Tavern is also due to be refurbished later this year.
Crosspool Tavern to be refurbished
The Crosspool Tavern pub is due to be refurbished later this year.
The work was expected to take place in April, but has now been pushed back to a later, as-yet-unconfirmed date.
Crosspool News - crosspool.info 