We’ve done it!
Thank you to all our supporters and members
We are now the proud owners and the Boot is in our hands.
If you would like to review the business plan that outlines the vision for the future of the pub, you can download it here:
The story so far…
The Boot Inn has operated as a thriving pub at the heart of Orleton village for many years. Unfortunately the pub was closed in 2017 and was at risk of being sold for residential development.
The community formed a Community Benefit Society which put together a bid to purchase the Boot Inn and reopen it as a business in the village. If successful, this would safeguard the future of the Boot Inn as a community facility for many years to come. There is not one but two listed buildings on the site, both listed by Herefordshire County Council to protect them as valuable architectural assets, which feel strongly should be upheld. The Parish council has listed the pub as an ‘asset of community value’ which gave the community the right to bid for its purchase.
If you would like to support the community bid, we are currently seeking investment to make the purchase a reality.
Thank you for your interest and support.
The Community Boot Inn (Orleton) Limited (CBIL) proposal is to buy the Boot Inn from the Liquidator and appoint a professional tenant with the experience and skills to run the pub as a profitable and successful business for the benefit of the community and other users.
Our objective is to have a friendly and welcoming village pub that serves local beers and sensibly priced freshly prepared food. As support for a community pub has grown, we can see that the Boot Inn could be more than a pub, and we propose to introduce a range of community amenities including a café, coffee and lunch clubs for older and less mobile people and potentially more.
The rent will be set at a level that gives the tenant the opportunity and incentive to run a profitable pub and café business, and which will provide the revenue for us to maintain the building, to repay any loans we take out, and when cash reserves permit, to pay a modest interest to share-holders and to fund the withdrawal of shares from time to time.
We firmly believe that the business will be profitable, but in the unlikely event it is not CBIL will own a valuable asset – the building and land associated with it – which if necessary could be sold in order to return funds to investors. Our investment is in the building and land – the bricks and mortar – not the licensed business.
More than a Pub
We are part of the ‘More than a Pub’ scheme which is funded by government and administered through the Plunkett Foundation. This programme gives us a lot of support and access to funding but more importantly its ethos is at the heart of what we are trying to do.
The Boot was a great pub and will be again; but it can be so much more for the community. We really want it to be a hub around which wider community activities are organised. As a vital asset at the heart of the community we have plans to wider what is offered from The Boot. We have plans for a coffee shop / cafe and an internet access point for those who don't have internet access at home.
Most importantly we want members of the community to feel free to suggest ideas to both the CBS committee and the tenant, when appointed, for activities that will benefit the wider community.
The Community Boot Inn
(Orleton) Limited (CBIL)
The Community Boot Inn (Orleton) Limited (CBIL) is a community benefit society that has been formed to purchase the Boot Inn and secure its future for the benefit of the community. It has been successfully registered with the Financial Conduct Authority.
Purchase of the minimum number of shares will confer membership of the Society, giving members control over the business through the annual election of a Management Committee and voting rights on significant issues at regular meetings. Community benefit societies are by law intended to be democratic organisations, and all members will have an equal vote, regardless of the size of their shareholding, and will have the protection of limited liability.
The Society’s rules contain a statutory asset lock. This is a constitutional device that prevents the distribution of residual assets to members. The purpose of the asset lock is to ensure that the community benefit of any retained surplus or residual value cannot be appropriated for the private benefit of members after all members’ share capital has been refunded according to the rules of the Society.
How can you be involved?
There are a number of ways that you can help make our ambitions a reality.
Become a member of the CBS by investing in shares. The prospectus and application form are in the downloads section. Shares are still available and will be issued every June and January, so please do get involved.
Tell everyone you know about our exciting project. Your neighbours, friends and family but please don't limit that just to people in Orleton. The Boot always used to draw customers from surrounding communities and there are many outside Orleton who would like to support us.
Please keep engaging with the CBS committee with ideas for how The Boot can play a role in the community. We really do want this to be a community wide project and we want as many ideas a possible. This is YOUR asset and it is vital that YOU shape it as you want it to be.