East Budleigh’s Sir Walter Raleigh pub is now officially owned by the community.
On Friday, March 4, it became the Sir Walter Raleigh Community Pub, Ltd, owned by all the residents and visitors who bought shares in the property.
The plan to take it over was drawn up last year when the former owner announced the decision to sell up.
On Friday the chair of the shareholders’ group, Mark Duffelen, announced to them: “You are the proud owners of the Sir Walter Raleigh. Congratulations to everyone that made this possible."
Judith Venning from the group told the Journal the new managers are Carol and Darren Yates.
She said: “Darren is a chef. They have years of experience in managing pubs and are very enthusiastic about working with the community.
“We are now going full steam ahead to get the pub and café open by March 27 - we expect to be very busy for the first few weeks, as everyone in the area pops in for a drink or a meal!”
Comments: Our rules
We want our comments to be a lively and valuable part of our community - a place where readers can debate and engage with the most important local issues. The ability to comment on our stories is a privilege, not a right, however, and that privilege may be withdrawn if it is abused or misused.
Please report any comments that break our rules.
Read the rules here