Save The Post Bar

Aim

We aim to create a Community Benefit Society to take on the lease and keep this much‑loved music venue alive and community-owned.

*Update*

When we launched this campaign, we were a small team of interested people with a big idea. As time has passed we’ve gathered momentum – there are a lot more of us, we’ve gained access to a lot more information and now have direct contact with the landlord, and we’re collectively working towards a bunch of fundraisers in the coming weeks which will put us within touching distance of making a solid offer on the lease.

Word is spreading and energy is building, which is why we’re extending this crowdfunder till the end of August. As we can as we enter the stage where we’ll need to stump up the funds to pay for our administrative cost, we're collectively planning a summer of events to raise as much money. We’re also changing this fundraiser to a Keep What You Raise type, meaning that whatever we raise will go towards the campaign. However, if in the end we can’t realise our plan, whatever money we’ve raised but not spent will be donated to an alternative local community project. 

Stay tuned for more updates! And come down to Distillery N17 this Saturday for Koshari, a day into night party kicking off our season of fundraisers – details on the rest to come soon.

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Unfortunately The Post Bar has now shut its doors, however we are exploring the possibility of a community-led takeover to keep it running as a music venue and community space.

We plan to:

• Create a Community Benefit Society, similar to a company but owned and run for the benefit of the community
• Secure the lease, we are in conversation with the current lease owners and hope to show the strength of support among the community
• Create a Community Share Offer at a later date, allowing you to invest and become member-owners of the venue
  (Drawing up the full terms of the share offer will take some time)

We are currently trying to gauge interest and feasibility. We require an initial round of funding to cover the administrative costs of setting up the CBS and Share Offer, this will be funded via the donations we're able to raise here.

We also hope that you, the community, will be interested in investing in a future Share Offer. We have prepared a short questionnaire which will allow you to demonstrate your interest in making an investment. Your feedback will inform our our decision on whether it is responsible to proceed and use any funds raised here to kickstart the process (if not all donations will be distributed back to donors), we therefore request you take a couple of minutes of your time to complete the form below.

Questionnaire - Save The Post Bar

For transparency we've provided details of what we understand to be the financial requirements for this campaign (potentially subject to change).

Administrative - Community Benefit Society
£200 - Registration Fee
£1,500 - Support on Governance and Registration

Administrative - Community Share Offer
£1,500 - Accountant to develop financial forecast
£3,500 - Development of share offer and associated documents
£1,500 - Share Offer Assessment

Operational
£25,000 - Deposit on the lease
£13,500 - First 3 months rent upfront
£3,500 - Legal fees involved in changing the lease

£1,000 / year - Insurance
£500 / month - Business Rates

Funding method

All or nothing – this project will only receive pledges if it reaches its target of £10,000 by 31st August 2026 at 11:59pm