A pub has reopened in a Warwickshire village after residents helped finance a £280,000 refurbishment project.
Local MP Jeremy Wright (left) was on hand to help open the pub on Saturday
Villagers were asked to buy £500 blocks of shares in a bid to get The Merrie Lion in Fenny Compton, which closed in 2010, running as a pub again.
A property developer had wanted to turn the building into housing.
New owner Nigel Leck convinced 60 locals to become shareholders and they now receive a discount on meals as well as a return on the money invested.
Posted: Sun Jul 15, 2012 4:40 pm