the first pub in the UK to be listed as an Asset of Community Value
ABOUT THE IVY HOUSE
The Ivy House (formerly the Newlands Tavern) is London’s first co-operatively owned pub, the first pub in the UK to be listed as an Asset of Community Value, and the first building to be bought under the “community right to bid” provisions of the Localism Act.
In April 2012 the pub was closed down and subsequently sold to a property developer who had drawn up plans to gut the interior and turn the entire building over to residential accommodation. You can read the full story of how a dedicated group of community volunteers prevented the destruction of the historic pub interior, raised a million pounds to buy the freehold, and re-opened the Ivy House below.
About the Pub:
The pub was built by Truman’s brewery in the 1930s. It is an example of the “Improved Public House”, designed to tempt drinkers in the face of falling pub attendance in the interwar years by offering more entertainment and a family-friendly environment. The pub is now Grade-II listed as having “an unusually high level of surviving original features and fittings [forming] a largely complete 1930s interior”.
During the 1970s the Ivy House was a key venue on the “Pub Rock” circuit, hosting gigs by many famous names including Joe Strummer, Ian Dury, Dr Feelgood, and Jeff Beck. You can read more about the history of the pub below.
About the Co-operative:
Ivy House Community Pub Limited is a Community Benefit Society, which is a kind of Industrial and Provident Society. It is a co-operative, where each member has the same vote regardless of the size of their investment.
Shortly after completing the purchase of the building, we opened a community share offer to raise money for necessary repairs and refurbishment as well as a trading reserve for the pub. Our 371 shareholders constitute the members of the Society, and the membership of the Management Committee is subject to their approval.
Long-term decision making and the financial management of the business are carried out by the five members of the Management Committee, while the day-to-day running of the pub is overseen by our Pub Manager, Graham Pearson. You can read more about the Management Committee below.
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