Village gets together to save pub
Village residents are trying to raise money to save a 19th century pub from closure.
A community share offer has been launched to buy the freehold of the Fox and Hounds in Charwelton, near Daventry in Northamptonshire.
The Charwelton Community Pub and Shop Co-operative is seeking to raise £147,000 in the coming weeks.
Daniel Elkins, a member of the co-operative, said: "It is incredible to see how a community has come together to back this venture. We are delighted with the initial response, with over £80,000 pledged so far. This is a one-time opportunity to save a vital community asset.
"A well-run pub can put the heart back into the community. We aim to sell local ales and foods and be a focus for community events, celebrations, social and cultural activities - we will even explore operating a village shop in time.
"We want to encourage the widest possible membership who will be able to say that they saved and co-own the Fox and Hounds."
There has been a near-25% increase in UK co-operative enterprises since 2009.
Michael Fairclough, the Co-operative Group's head of community and co-operative investment, said: "Determined communities such as this demonstrate how co-operation can be key to safeguarding much-loved local assets.
"Working together, people can become powerful catalysts for change capable of overcoming many of the challenges facing society, the environment and economy and, bringing about the changes that they want to see in their communities."
:: A bookshop bought by the community, saving it from closure, reopens today in the Devon village of Crediton. More than 270 local residents invested from £20 to buy shares and become co-owners of the enterprise.