The Lowther Arms Community Project Ltd (LACP) is a Co-operative and Community Benefit Society created to buy and save the Lowther Arms village pub.
The Project has over 300 shareholders from the local community, and beyond, who came together to raise the money to buy the pub through the sale of Community Shares.
LACP also received support from a number of organisations including the Plunkett Foundation, Key Fund, Co-operatives UK, CAMRA, Allerdale Borough Council, Cumbria Community Foundation, Robin Rigg, and the Chamber of Commerce.
LACP are the landlords of the pub and lease to tenants. LACP has set the overall direction of the business as a welcoming, traditional, country pub serving great beer and home-cooked food, and the tenants are free to run the pub as they wish within this broad framework.
LACP retains control of the small caravan and camp site associated with the pub and income generated from this site, plus the tenant’s rent, will enable the Project to continue to invest to maintain the fabric of the building and improve the facilities. It will also enable the Project to fulfil its obligations as landlord and eventually generate a modest return for investors. Shares can still be bought – simply follow the ‘Buy Shares’ link.
LACP would like to thank all its shareholders and supporters who have made the re-opening of the Lowther Arms possible!
Lowther Arms Management Committee