The Wilts and Berks Canal Trust has bought the historic pub The Peterborough Arms, at Dauntsey Lock, from Wadworth Brewery and plans to have it reopen as soon as possible.
The canalside pub was closed by the brewery in April 2013 and the Trust quickly opened discussions to purchase it. The sale has gone through thanks to loans from the Trust’s supporters.
Going forward the group hopes to expand the pub and turn the site into a canal centre which will accommodate a cafe and a museum as well.
Chris Coyle, acting chairman of the Wilts and Berks Canal Trust, said: “The Trust is very excited to have been able to buy the Peterborough Arms.
"We know that our plans are ambitious, but we believe we can make this into a tourist destination. We are also very keen for this to be a centre for the surrounding community.
“We are taking a deep breath now as there is a lot of work that’ll need to be done to put the flesh on the bones.
"We hope to have a formal reopening next summer but we want to have a visible presence at the pub immediately so we can talk to the public about what we want to do.
"We properly wouldn’t be able to serve beer at this stage but we could dish out some coffees.”
Wadworth Brewery is pleased to see that the Peterborough Arms will get a new lease of life.
Lloyd Stephens, tenanted trade director of Wadworth, said: “We are delighted to have been able to reach agreement with the Wilts and Berks Canal Trust to keep the Peterborough Arms in existence.”
The Trust is welcoming public support and donations to help with their ambitious programme.
"The purchase has been funded by loans from our incredibly generous and supportive members and I want to thank them all. We now have to work out in detail exactly what the programme of work is to enable us to do everything that we want to do. The restoration will be a big task given the condition of the pub,” Mr Coyle said.
“We are looking for support from our members and the community in lots of ways, to move this complex project forward. If anybody wants to join the loan scheme or make a donation, or offer help with the project, then we would be delighted to hear from them."
Once the pub reopens the Trust would like to boat trips from it as well as allowing visitors to hire bikes and boats.
For more information about the plans for the pub visit www.wbct.org.uk or to get involved email email@example.com.