Community purchase of Crymych Arms to hold a second public meeting on Monday the 6th of February at 7pm in the Crymych Market Hall.

The supporters arranging the purchase of Crymych Arms as a community owned pub are arranging the second public meeting to be held Monday evening the 6th of February at 7pm in the Crymych Market Hall.

Everyone is welcomed to the meeting where an update on pledges received to date will be given as well as outlining the business plan and share offer documents for commencing the collection of community shares. The West Wales community development charity, PLANED has been supporting the community to collect share purchase pledges over the past 6 weeks. Cris Tomos of PLANED noted.

There has been great interest in this community enterprise with a total of £91,600 of pledges received within 6 weeks.

The full details of the share offer and pledging phase of the initiative are explained on www.cpdcrymych.cymru" Cris continued "We are at the stage of setting up a community benefit society to issues the share offer and start collecting the shares that are £100.

People have asked what they will receive for their community investment and during the meeting on the 6th of February we will explain that a 3% annual dividend is incorporated into the business plan as well as seeking Social Investment Tax Relief status with HMRC to offer a one off 30% tax relief to UK taxpayers."

The first public meeting was held just before Christmas and a new community pub purchase committee has now been formed to oversee the fundraising.

Anyone who can offer a few hours to volunteer with the community purchase are welcomed and can become involved and help with legal, business development, marketing and the accounting work required, people can contact Cris Tomos at the PLANED office on 01834 860965.