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The New Clarence - Hull's 1st Community-Owned Pub
by The Hull Community Pub Society Limited in Hull, Kingston upon Hull, United Kingdom
We did it
On 28th April 2025 we successfully raised £241,775 with 412 investors in 438 days
The crowdfunder is now closed. To buy shares email [email protected] and we will get in touch with you.
by The Hull Community Pub Society Limited in Hull, Kingston upon Hull, United Kingdom
Our Vision
We are on a mission to establish Hull's first community-owned and community-run pub! Rather than channeling profits to pub conglomerates, we envision a pub where earnings reinvest into the business, transforming it into a thriving hub for the community.
This is your chance to acquire shares, become a member of the Society, and join hands to re-open The New Clarence.
The New Clarence shut its doors in June 2023, and it's not just any pub—it's Hull's only designated Asset of Community Value (ACV). Nestled in Hull's theatre quarter, its bar and function room served as a vital meeting place for numerous community groups.
The Hull Community Pub Society took ownership of the building in February 2025 and the next stage of the project begins - to undertake a complete renovation of the building.
Our Plan
We've devised a robust business plan to ensure the pub thrives under community ownership. With no rent, potential discounts on business rates, and the freedom to choose sustainable, local suppliers, The New Clarence will be truly liberated.
Drawing inspiration from successful community pubs and with their invaluable guidance, we've meticulously crafted a business plan, analysed, and approved by community pub specialists.
So far we have secured the pub's freehold using funds raised through grants and this share sale. Every share purchaser—individuals and businesses—becomes a member of our Society and a part-owner of the pub, gaining a say in its operation.
We are committed to renovating the entire building to meet all planning and building regulations, prioritising sustainability to help reduce the buildings impact on the environment. We are also seeking funding to install a lift and disabled toilet in order that everyone feels welcome and can get into our improved function room.
Share Relaunch - focusing on energy efficiency
The New Clarence is a big old bus of a building with single glazed windows, virtually no insulation in the walls and roof with a primary source of energy being gas.
We have had an energy audit done and we think it will be possible to reduce the amount of energy used by the building by 50% if we install secondary glazing and insulate the walls and roof space. We could also reduce the amount of carbon used by installing heat panels and a air source heat pump.
These measures will have the additional benefit of reducing the running costs of the pub making it more financially as well as environmentally sustainable.
All of this costs money though. So we have reopened the share issue to tray and raise an additional £50k to enable us to undertake the de-carbonization work.
Key Points to Note about the Share Offer
- Estimated total cost: ~£640k
- We received a £300k grant from the Community Ownership Fund)
- We aim to raise £150k-£250k through this share offer, supplemented by grant applications and match funding (£135k worth of bids are in train).
- Minimum share purchase:
- HU postcode residents: £100
- Non-HU postcode residents: £250 (to incentivise local investment)
- Corporate bodies: £1,000
- Every shareholder becomes a member of Hull Community Pub Society Limited, influencing how the Society and the pub are run.
The attached share offer document provides more project details, introduces the leading team, and outlines the plan to buy, renovate, and reopen The New Clarence.
If you have questions, email us at [email protected].
Visit our website and Facebook page for more information.
Invest Today! Together, let's revive The New Clarence and make history in Hull's community spirit.
Levels of Investment
£1,000 or more
Featured
1,000 shares (or more) for individuals
Buy 1,000 shares for £1,000. Become a member of the Society and have a say in how the pub is run. Each member has one vote, regardless of how many shares they own. You can increase your investment at the checkout.
£100 or more
100 shares (Min for people with a HU postcode)
AVAILABLE EXCLUSIVELY TO PEOPLE WHO LIVE IN HU POSTCODES • Buy 100 shares for £100. Become a member of the Hull Community Pub Society and have a say in how the pub is run. Each member has one vote regardless of how many shares they own. You can increase your investment amount at the checkout.
£100 or more
100 Joint shares
AVAILABLE EXCLUSIVELY TO PEOPLE WHO LIVE IN HU POSTCODES • Get together with a friend and buy 100 shares for £100. This type of share purchase is referred to as being by an 'unincorporated association' in the share offer document. It is an option for people who can't afford £100 on their own. If you want to take up this option, email [email protected].
£250 or more
250 shares (Min for people from non-HU postcodes)
£250 IS THE MINIMUM SHARE BUY IF YOU DO NOT LIVE IN AN HU POSTCODE • Buy 250 shares for £250. Become a member of the Society and have a say in how the pub is run. Each member has one vote regardless of how many shares they own. You can increase your investment at the checkout.
£500 or more
500 shares (or more)
Buy 500 shares for £500. Become a member of the Society and have a say in how the pub is run. Each member has one vote, regardless of how many shares they own. You can increase your investment at the checkout.
£1,000 or more
£1,000 - £100,000 for corporate bodies
THE MINIMUM SHARE BUY FOR CORPORATES IS £1,000, AND THE MAXIMUM IS £100,000 • Your organisation will become a member of the Society and have a say in how the pub is run. Each member has one vote, regardless of how many shares they own. You can increase your investment at the checkout.
£2,000 or more
2,000 shares (or more)
Buy 2,000 shares for £2,000. Become a member of the Society and have a say in how the pub is run. Each member has one vote, regardless of how many shares they own. You can increase your investment at the checkout.
£5,000 or more
5,000 shares (or more)
Buy 5,000 shares for £5,000. Become a member of the Society and have a say in how the pub is run. Each member has one vote, regardless of how many shares they own. You can increase your investment at the checkout.
£10,000 or more
10,000 shares (or more)
Buy 10,000 shares for £10,000. Become a member of the Society and have a say in how the pub is run. Each member has one vote, regardless of how many shares they own. You can increase your investment at the checkout.
£15,000 or more
15,000 shares (maximum for an individual)
Buy 15,000 shares for £15,000. Become a member of the Hull Community Pub Society and have a say in how the pub is run. Each member has one vote, regardless of how many shares they own.