Making the White Lion Roar Again!
A small group of villagers has established a management committee to help ‘Save The White Lion' and raise the necessary funds to set up a Community Benefit Society (CBS) to open and run The White Lion as a Community Pub.
This will be a co-operative model which is owned by members who are shareholders. We will be registered with the Financial Conduct Authority (FCA) under the company name; The White Lion, Ash Community Pub Limited. Shares will cost a minimum of £250 with a maximum shareholding of £25,000.
Community shares are unique as they are withdrawable, non-transferable and do not go up and down in value. They can only be issued by co-operatives or community benefit societies registered with the Financial Conduct Authority and must have an asset lock in place. Community shares are subject to laws that limit financial gain and emphasise social benefit
Community Benefit Society membership operates on a one member-one-vote basis, regardless of how much a person has invested. It is governed democratically and benefits go back to the community. Full details of the share offer, together with a Business Plan and the management/governance model for the Community Benefit Society are accessible as downloads from this website. The share offer was launched at a public meeting on 30 November 2017.
The society will benefit the community by: -
Transforming The White Lion Public House into a thriving, viable and sustainable business owned by shareholders and run for the benefit of the communities it serves.
We will provide a place to meet and socialise in a venue that is welcome to all ages by continuing to offer Real Ale and Good Food.
We aim to offer a range of activities and events which will help address loneliness and social isolation especially for the elderly, disabled and young families in the community.
We will encourage participation in games and local sports leagues and create a relaxed environment for people to enjoy.
We will increase its daytime usage to benefit local charities and community groups.
The White Lion will provide employment opportunities for local people and will aim to use local produce and support tourism to bring benefit to the local economy.