Community Purchase of Crymych Arms, once the residence of the Ethiopian Emperor Haile Selassie when a refugee in 1937. The share offer closes on the 31st May 2023.

The deadline is fast approaching for closing the community share offer to buy and reopen the Crymych Arms pub. The share offer documents outlines that the minimum needed to be raised is £175,000 for continuing with the purchase of Crymych Arms as a community venture. On the 20th of May the sum in the bank stood at £174,300. The total needed for outright purchase is £275,000 and the committee members have been busy submitting grant applications and a fall back situation of loan funding. But the committee will be pushing over these next few days to draw in a final set of investors to reach a 75% target of £206,250 before 31/05/2023. The business plan outlines the proposal to pay 3% gross to all investors following the first full year of trading.

During the promotion of the share offer some interesting historical stories and documents have been sent to the committee members buying the pub. For example, while exiled from Ethiopia, the Emperor Haile Selassie was in Crymych Arms for a short period of time as a refugee in 1937. The committee are eager to hear stories from near and far about the historic pub and will then have a display on site depicting the history of the area and the building.

A final drop-In session will be held this Saturday the 27th of May from 11am to 1pm at the Crymych for local people to deposit their cheques. The recent drop-in sessions have seen great support with people donating items for a grand raffle to be drawn in the autumn.

Many people have indicated that they only wish to support the fundraising campaign but do not want shares. There is now a Crowdfunding site registered on the JustGiving website to allow people to donate towards the purchasing fees and all contact details are on www.cpdcrymcyh.cymru

22 May 2023

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