Latest News

Update On The Sales Process

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Image by Laurie Hilton-Ash

Image by Laurie Hilton-Ash

An update to let you know that all is on-going with liaising with the estate agent for the seller.

In addition our MP, and now we ourselves, have written to the CEO of ei group, the owner of The Greys to try and get things to happen for us more smoothly.

Be assured that we are beavering away to make this happen.

We have extended the crowdfunder so that should the sale be agreed we can put the buyout into the most sustainable financial position with some intensive fundraising.

Keep em crossed!

Friends of The Greys

The bid is in!

Keith No Comments
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We have entered our bid for The Greys and now await a response from Fleurets estate agent.
So while we are waiting, here is a nice piece in the Brighton and Hove News.

www.crowdfunder.co.uk/save-the-greys

 

SITR Tax Relief Secured and less than 24 hours to bid!

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Recent news from HMRC

Recent news from HMRC


With less than 24 hours until we put in our bid to buy The Greys, share purchases have been awarded Social Investment Tax Relief. This is the first of what we have applied for and it means investors will receive 30% Tax Relief.

We have also applied for advance assurance under the Seed Enterprise Investment Scheme (SEIS), Enterprise Investment Scheme (EIS) and are at the final stages. This will mean 50% tax relief.

We are intending to bid by the noon deadline tomorrow 1st Feb.

If Enterprise are not satisfied with the offers they get tomorrow they have booked The Greys into an auction on Park Lane in London on the 2nd February.

We need all the investors and donators we can. If you haven’t already visit the crowdfunder site at http://www.crowdfunder.co.uk/save-the-greys/ and join the nearly 100 investors.

 

Stop Press – We Are Poised To Bid!!

Keith 2 comments
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Image by Laurie Hilton-Ash

Image by Laurie Hilton-Ash

Grants secured means cash that is raised is effectively doubled!

Friends of the Greys, the group formed to take control of Brighton’s famous live music venue for the local community, is poised to make an offer for the pub.

Landlord Ei Group has set a noon February 1st deadline for bids for the freehold after reducing the asking price.

Although the Save the Greys crowdfunding campaign is still short of its target, additional grants and loan capital secured means a viable bid is now possible.

One match-funding grant means the current crowdfunding total – plus each and every new contribution, however large or small – will be worth double to the project.

Now Friends of the Greys is urging a final big push over the next few days to make sure the community has the best possible chance of making a winning bid, securing a working capital base, and going on to develop the pub into a long-term asset for the people of Hanover.

Please visit http://www.crowdfunder.co.uk/save-the-greys/ and donate or buy shares!

“Thanks to match-funding, every £1 of shares bought and small donations made will add £2 to the money we have,” said Friends of the Greys spokesman Keith Farmer. “Along with other grants and loans we have lined up, we are confident we can make a serious offer for the business – but every penny counts.

“If anyone has been thinking about buying shares, now is the time to do it. Turning the Greys into a community-owned pub and protecting and developing this much-loved music venue is a very real prospect.

“The pub could be ours. Now is the time to invest and make sure you’re a part of this exciting project.”

We have been offered help and advice by Big Society Capital, Co-operative & Community Finance, Community Shares and More Than a Pub.

Fractured offer up their song “Pubs” to help Save The Greys!

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It’s not real. Really. Image by Vaughan Parker

“Give us pubs, not homes” Fractured lead singer Jeff Hayward bellows melodiously, and who can wonder why with this nightmare monstrosity built where the legendary Greys pub should be!

Don’t panic! It’s not real, it’s an artists impression of if things go horribly wrong.

Things are coming to a head now for The Greys. Now that it will be free of the beer tie, we have an opportunity to make it even better by creating a beer as well as music focused pub.

Please go to the crowfunder site and buy shares or donate. Every penny is likely to be match-funded and share buys are likely to attract 50% tax relief.

https://www.crowdfunder.co.uk/save-the-greys

Fractured have their 35th anniversary gig and album launch coming up at The Hope, Brighton on 21st April 2018

Sir Martyn Lewis Stormed The Greys!

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There has been so much happening with the campaign to get the Greys onto the firm foundations that it needs to be the best beer and music centered pub in Hanover.

This is one from just before Christmas – Sir Martin Lewis and his family and friends came along to show support and raise money for the pub purchase fund.

Here is an excelent articel in the Brighton and Hove News.

Sir Martyn Lewis

Crowfunder Extension!

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During the first three weeks of December, we’ve been successful in attracting more than 60 investors like you who share our vision to recreate this iconic Brighton pub and music venue as a community-owned asset. In addition to the many individuals who have backed this exciting project, we have been amazed by the level of positive support received from the community, the Hanover ward councillors, our MP Caroline Lucas, and from many local businesses, with some pledging financial as well as moral support.

Time was clearly too short to raise then amount needed and now we have an extension.

More here

 

Two successful share drop in sessions at The Greys

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Two drop in sessions were held at The Greys 6pm to 8pm on Tuesday and Wednesday evening for people who are interested in the share offer to buy The Greys pub or who had already invested.

The sessions were well attended with 20 plus people over the two sessions, some great ideas were put forward and some interesting questions answered or are being researched. People also went away and bought shares which is great!

There were questions about the tax relief, we have uploaded a new document here about how the reliefs are claimed and people also asked about giving shares as Christmas presents.


The crowdfunder site facilitates giving shares as gifts so what could be better for the loved one or the “always wanted a pub” present to yourself.

Shares can be bought and donations made at Buy Shares and Donate

Brighton Bier link up with Friends of The Greys to Save The Greys!

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Brighton Bier Directors and Friends of The Greys join forces in the Brighton Bierhaus

Brighton Bier Directors and Friends of The Greys join forces in the
Brighton Bierhaus

Bierhaus bands together to back community bid for Brighton music pub

 The campaign to buy Brighton’s Greys pub for the community has had a boost – from another local pub!

Brighton Bierhaus, Brighton Bier’s brewery tap on Edward Street, is to host a Day for the Greys on Wednesday, December 20, during which 20% of all the money taken over the bar from midday to midnight will be donated towards the crowdfunding launched to purchase the freehold of the famous Hanover music venue.

Amongst special offerings on the day customers will be able to drink a beer-based cocktail specially created to celebrate the occasion.

Brighton Bier director Stephen Whitehurst explained that the company felt a solidarity with the community bid having earlier this year bought the Bierhaus, formerly The Jury’s Out, from EiGroup, the pubco giant that has now put the Greys up for sale.

“We strongly believe that Brighton needs more independent freehouse pubs that can give people choice and quality when it comes to beer,” he said. “It’s what we’ve tried to do at the Bierhaus, and we’re sure that in the community’s hands The Greys can do a similar job.”

Bierhaus boasts a constantly changing selection of draught beers from other brewers, local, national and international, served from five handpumps and a dozen keg taps.

It’s an offer that’s proved popular since the day the pub reopened in April, Whitehurst added.

Spokesman for Friends of the Greys, Keith Farmer, is delighted to win support for the campaign from a pub that’s only a five-minute walk away.

“I’m one of those who has appreciated what the Bierhaus has brought to this part of Brighton, and it’s fantastic that it’s now backing us in such a practical and fun way,” he said.

“Next Wednesday is sure to be a good day and we hope people will drop by the Bierhaus and help us raise the money we need to buy the Greys – simply by drinking beer!”

Anyone who wants to do even more for the campaign, and become a shareholder in their own pub, can find out how by visiting the Save the Greys page on the Crowdfunder website: http://www.crowdfunder.co.uk/save-the-greys

Update : Article in the Argus newspaper

Caroline Lucas MP visits and supports The Greys. TV video here.

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TV and an online video channel (name to come!) were on-hand when Caroline Lucas MP for the area, dropped in to support the campaign to sell shares and buy The Greys pub in Hanover Brighton. The Greys is a famous Brighton pub and weekly international venue and is for sale freehold by it’s current owner ei group ltd. We don’t have long! say Friends of The Greys. Crowdfunder Shares here.