Community Pub Progress Update! £100,000 invested so far

Update – Sunday 17th April 2010

Welcome to the 2nd update.
We have now banked just over £100,000
Individuals have bought between £250 and £10,000 of shares
We have another international shareholder this time in Australia
We now have an article on the Country Landowners Association website
We have details of our Pub share scheme on a TV screen running in a busy café in Ambleside
We have had a meeting with potential tenants

Future planned activity
Media articles – ongoing local and national articles
We are expecting a visit from Rory Stewart this weekend – photo opportunity Village Hall thermometer which will then be used for another press article
We are doing an interview this week for the Radio 4 programme ‘In Business’
Applications are progressing for grant and loan funding from
Key Fund
Eden District Council
Co-operatives UK
The Herald – we have booked a slot for a flyer to be included in all 18,000 Herald’s published in early May.
LCP graph
Remember you can now pay electronically

Our account details are:

Cumberland Building Society,

Account name     Lyvennet Community Pub Ltd
Account Number     51989813
Sort Code           16-52-21

Remember to download your share form off the website and either return electronically or post your form to the address on the front in order to receive your receipt.

SIPP
A Self-Invested Personal Pension (SIPP) is the name given to the type of UK-government-approved personal pension scheme, which allows individuals to make their own investment decisions from the full range of investments approved by HM Revenue & Customs (HMRC).

The self-invested personal pension (SIPP) itself is a pension wrapper that holds investments until you retire and start to draw a pension income.
For anyone with one of these Pension Schemes please check with your pensions advisor if you have one.

One of our investors has checked and investing in the pub is acceptable to his advisor. Invest in the pub and get tax back – or even better use the tax refund to increase your shares.

Invest £1,000 as a 40% taxpayer and you will pay £400 less tax.

Keep the money coming in !   We are on track for our target

Don’t leave it till the last minute – Please

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