The Campaign should know very soon if it has secured a £10,000 grant from the government to start the process of looking at the feasibility of creating a viable business plan & working out the costs associated with creating a successful venture out of the Red Lion.
The Campaign will be using this funding to undertake a range of necessary activities which will include –
o surveying & valuing the Red Lion
o obtaining upgrade designs & quotes
o developing a viable business plan,
o accessing capital grant funding & capital loans
o preparing & launching a share prospectus
The Campaign Steering Group has an agreed Project Plan within which it has now established a number of Workstreams which will concentrate over the forthcoming months on the detailed work of pulling together a viable business for the future. Each Workstream has a specific Steering Group member who is responsible for driving forward the activities within each one.
The next few months will be a busy time for the Steering Group as it determinedly watches the clock that is ticking away whilst the campaign has the legal opportunity to seek to purchase the Red Lion without any other potential purchasers being able to do so