A village pub is set to be bought by locals and developed as a community hub and post office after the pub company dropped its unpopular decision to sell to a developer.
Bamford residents had decided to raise the money to buy The Angler’s Rest after seeing the pub go through a succession of landlords.
They entered into an agreement in principle with pub company Admiral Taverns, and drew up plans to turn it into a pub, post office, cafe and bunkhouse accommodation.
Bamford Community Society registered The Angler’s Rest as an Asset of Community value, agreed a price with Admiral Taverns and set about raising the money through a community share scheme.
But last month Admiral Taverns announced it had decided to sell to a third party.
However, after a public outcry, the company has now gone back on that decision, and will sell The Angler’s Rest to the villagers.
Admiral Taverns’ managing director Kevin George said: “I am pleased to confirm Admiral Taverns has reached an agreement with the purchaser of The Angler’s Rest to rescind the sale.”
Mark Bawden, of Bamford Community Society, said fundraising would now begin again through a comminity share issue. He said: “We have £184,000 in shares, but the full cost is £320,000.”
■ Visit www.bcs.hopevalleyderbyshire.co.uk