Villagers have raised £100,000 in three weeks in a bid to stop time being called on a village pub.
Residents of Charwelton, near Daventry, have until the end of October to find the money to buy The Fox and Hounds – which dates back to the 1870’s - after it was purchased by property developers last month.
After forming the Charwelton Community Pub and Shop Co-operative, villagers launched a community share offer with support from The Co-operative Enterprise Hub to set about raising the money needed to buy the freehold for the 19th century pub.
Daniel Elkins, a member of the Charwelton Community Pub and Shop Co-operative, said: “We are delighted with the support and enthusiasm shown so far, people really want to see this great pub open again.
“It is incredible to see people coming together like this to save a vital community asset for future generations to come.
“We would also like to thank local businesses, including Great Central Plastics Ltd of nearby Woodford Halse and Fire Protection Coatings Ltd of Coventry, for their donations and support.
“We are now two thirds of the way there however, a further £45,000 is needed if we are to exercise our option to buy the pub at the beginning of November and turn this dream into a reality.
“A well-run pub is the heartbeat of any community, promoting good local food and ales and providing a place for social events, celebrations and community activities.
“Our aim now is to encourage the widest possible participation in this bid to reclaim The Fox and Hounds, not just for now but for future generations.
“If the pub is to survive for another 140 years it will be because it gets well used and that’s where we believe community ownership can be vital.”