Could your group bid for Fowlmere pub after it was put up for sale?
Community groups have just over month to say whether they want to bid to buy the Queen’s Head in Fowlmere after it was put up for sale.
The chance for community groups to purchase the pub follows it being listed as an Asset of Community Value – a right introduced by the Government as part of the Localism Act which gives community groups time to pull together a bid if listed assets are put up for sale.
If an eligible group with a local connection steps forward with intent to bid for the pub before 5pm on Wednesday 11 May, the sale will be paused until the end of September this year.
This gives the local groups time to prepare a business plan and raise finances to make a bid but they must still compete on the open market and the owner doesn’t have to accept this bid.
If no bids are received, the pub will enter a period of protection, ending 30 September 2017. During this period, the asset can be sold to anyone, on the open market, without further delay.
The Government legislation was put into place to help communities to take over assets and land of local significance, such as local pubs, shops and recreation grounds.
Details of the moratoria that now apply and maps of the site are available on South Cambridgeshire District Council’s website: www.scambs.gov.uk/community-right-bid
The Council’s website also has details of the Right to Bid process and assets listed on the register in South Cambridgeshire.
Clare Gibbons, Development Officer at South Cambridgeshire District Council, said: “By listing this pub as an asset it has given the community a real opportunity to try and come together to purchase it. If your group wants to keep the pub as a community asset please step forward now and register the intention to bid.”