A co-operative pub is where a significant part of
a community comes together to form a co-operative to try and save and run their
local.
Co-operative pubs are different because they
encourage widespread community-ownership at a level the majority of the
community can afford. Currently the majority of Co-operative Pubs are where the
community has purchased the building, however if they feel it is appropriate,
some communities may choose to take on a lease initially with a view to
purchasing the property in the future.
Co-operative pubs are set up on a ‘one member one
vote’ basis rather than a ‘one share one vote’ basis. This creates a democratic
way of running a community business and ensures that everyone has a say in how
they want their local pub to be run.
Like any business, a co-operative pub aims to be
profitable - it is what happens with the profit that sets it apart from a
private enterprise. A co-operative pub can distribute profits to the members,
reinvest the profit in the business or distribute funds in the community for
the benefit of the community.
Community-ownership is becoming increasingly
popular in the UK. There are now around 300 co-operatively-owned village
shops in the UK and the co-operative model has also been adopted by energy
schemes, woodland projects broadband initiatives, housing schemes and much
more. Co-operative ownership is a sustainable and ethical way of doing
business. 97% of co-operatively-owned village stores opened over the past
25 years are still open and trading today.
Co-operative pubs are registered with the
Financial Services Authority under the Industrial and Provident Societies Act
1965.
Further information
If you have any queries or would like any further
information on the support, please contact Hannah Barrett on hannah.barrett@plunkett.co.uk
or via our central email address info@plunkett.co.uk
or call us on 01993 810730. We aim to respond to all inquiries
within 3 working days.
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