The short term goal is to launch a community share issue in November 2024 to secure the funds to purchase the building- the first step on the path to creating a community-owned hotel, restaurant and bar underpinned by a commitment to training and opportunities for future generations.
The Globe Hotel Torrington Limited is a Community Benefit Society which has been established as the first step on this journey and will take ownership. In 2019 key partners came together, including Great Torrington Town Council, Torridge District Council, Petroc and The Plough, supported by the Architectural Heritage Fund (AHF), to undertake a viability study for the concept. That came back positively, and in 2020/21 further funding was secured from AHF and a specialist body, Power to Change, to progress towards a community purchase, with major support, including from the community, RHS Rosemoor and The Plough Arts Centre. At the last minute the then owner’s demands made the project unviable.
This time is different. A new national attitude to community ownership, even greater need given the challenges for The Globe and a benefactor keen to support by safeguarding the building on a short term basis. This is the one shot we will get. A community share issue of £300,000 – £500,000 is achievable and realistic. But that will be the first step, with major renovation funding to then be secured. That can best be done together, as a community.
Please sign up to show your support for our plans. We really need your help, because proving community demand is the key to achieving our goals. We’ll keep you in touch and invite you to the successive community events and openings!
Our group has been working for years to try and save the Globe Hotel. We are delighted to announce that the project is now live, at last. We have a real chance to take the building into community ownership and refurbish it fully.
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