Race for the Racehorse - January Newsletter
What is happening in January…
16/01 Committee Meeting
22/01 Surveyor meeting at the Racehorse
23/01 Meeting re Public Works Loan with WDC
30/01 Committee meeting
31/01 Share offer was due to close - now extended to 15th March
The fantastic news is that we have just passed the halfway mark in raising the capital we feel we need to win the Race for the Racehorse! We have raised £138,000 in pledges and loans and have £137,000 to go…….
Some of you may not know that in December we made an offer of £175,000 to the vendor, which although it was not accepted this time round, means that they know we are serious!
We had our first committee meeting of the New Year last week and, beside having fun catching up, it was great to re-kindle our enthusiasm and we’re all feeling fired up for the weeks ahead!
Our main task over the next month remains to raise lots of money! Besides pledges we are now in a position to actively seek grants, loans and donations.
We are aiming to raise a minimum of £10,000 in grants; while most grants are available only after we’ve bought the pub, we’ve identified some that we can apply for to help with the purchase of the Racehorse.
We are aiming to raise a minimum of £40,000 in low or no interest loans; while we will be looking to raise a sizeable proportion of this from Friends of the Racehorse, Stu is heading a sub-committee to seek loans/donations from local businesses. So if you have personal contacts we can use or want to get involved let us know.
Any shortfall could then come either from a 50% grant/50% loan from Plunketts or alternatively through a mortgage.
Finally, we’d like to thank everyone for their support over the past year – we’ve come a long way and couldn’t have done it without you all backing the Race for the Racehorse.
Many thanks from the management committee,
Nick, Keith, Chris, Stu, Brenda, George, Andrew and Steve