max temp: 11°C

min temp: 8°C

ESTD 1874 Search

Stonham Aspal: Doubt project to reopen The Ten Bells pub will go-ahead

06:00 04 March 2014

The Ten Bells pub in Stonham Aspal

The Ten Bells pub in Stonham Aspal


The chairman behind a group campaigning to raise money to allow a community to buy its village pub has admitted that the project is unlikely to go ahead.


For months the group, which has been trying to reopen The Ten Bells, in Stonham Aspal, has worked to encourage people to put forward money to own a part of the pub, near Stowmarket.

There was hope the pub would open in Easter as a “community hub” with options to include a shop and a meeting area within the establishment which has been empty since March last year.

But Tracey Hall, chairman of the group, said just under £63,000 had been pledged in shares in the pub, which is currently protected from outside bids as it is recorded as a community asset.

The pub is listed on the market by owners Punch Taverns for about £200,000, according to the group.

“At the moment it will probably not happen but I cannot say for sure until we have a meeting on Thursday,” Miss Hall said.

“We have invited everyone who has invested to the meeting. I think given the fact that we have not got a 40% deposit means it’s highly unlikely that it will happen which is really disappointing. I think it’s a real shame because I think people have missed an opportunity.”

She said that the group would need to raise a deposit of at least 40% to be considered for a loan for the remaining amount.

“I think we will have to ditch the idea unless someone comes up with a vast amount of money – maybe double the offering, then it’s a different ball game,” Miss Hall added.

On top of the cost of purchasing the building, the group would need thousands of pounds for the pub’s refurbishment as well as ongoing running costs. The group believes the pub would need substantial investment before it could be opened. The original fundraising target was more than £300,000.
Around 60 people have pledged money in pub shares – including holidaymakers who have been to the village and former residents of the area. An option which could be considered is whether to run the pub as a limited company if about half a dozen investors can be found.


1 comment

  • How can a pub that looks like that not at least wash its face as a business and going concern? There wasn't a pubco involved was there? What's happened to this great looking pub is part of what is known by publicans as The Great British Pubco Scam. Much worse than the train robbery.

    Report this comment

    J Mark Dodds

    Tuesday, March 4, 2014

There has been a crash on the A12

Part of the A12 has been shut because of collision which left a fuel spillage on the road.

A parade of puppets, live bands, fireworks and a packed Angel Hill, Abbey Gardens and town centre - the annual Bury St Edmunds Christmas Fayre

Tens of thousands of people swarmed to west Suffolk this weekend for what organisers expect to have been a record breaking Christmas Fayre.

An engine on the Southwold to Halesworth line, which ran from late 1879 until the spring of 1929. Photograph from Southwold to Aldeburgh Through Time.

A Suffolk charity is appealing for the government to overturn a district council’s refusal for a new heritage railway attraction to be built in the Suffolk countryside.

Long Melford Olde Christmas Fair. With snow machines and street entertainment. Pictured is Bella-Adel Lawrence.

The first Long Melford Olde Christmas fair has been hailed a success by organisers, with more than 1,000 people turning out to the event yesterday.

South East Suffolk Magistrates' Court

A former servicemen has been banned from driving after crashing his car on Remembrance Sunday while nearly three times the legal alcohol limit.

Woman was caught drink-driving at police headquarters

A 23-year-old was caught drink-driving after parking her car at Martlesham police headquarters, a court heard.

Ipswich Park and Ride. Martlesham.

Conservative politicians in Suffolk are seeking urgent talks with the county council over the apparent threat to Ipswich’s park and ride service.

Most read

Most commented

Topic pages

Local business directory

Our trusted business finder

Property search

e.g. Oxford or NW3
Powered by Zoopla

Digital Edition

Read the East Anglian Daily Times e-edition today E-edition

Great British Life

Great British Life
MyDate24 MyPhotos24