TENS of thousands of pounds have been raised in a matter of weeks to save a 200-year-old pub on the Llyn Peninsula.

Supporters of a community venture to buy the Tafarn y Plu in Llanystumdwy, have raised a whopping £59,000 in just eight weeks, but are still shy of their £80,000 target.

Llanystumdwy is best known as being the boyhood home and final resting place of First World War prime minister David Lloyd George and where his memorial museum is sited, and the pub has been on the market for more than three years.

The business is still operational, but the current owners are eager to move on and to seek new challenges.

Now, a local community benefit society – Menter y Plu Cyf – has been set up and registered with the Financial Conduct Authority, with the aim of raising the money needed to buy and develop the inn through a share issue.

The minimum investment required will be £100 and the maximum has been set at £20,000, with ‘last orders’ on shares supposedly falling lasting Friday.

However, a new announcement this week was released stating the committee was “very pleased” to announce that 220 shareholders had raised nearly £60,000 and that shares were still on sale.

“We wish to thank each and every one for their support”, said a spokesperson for Menter y Plu Cyf.

“Our target of £80,000 is so close that we’ve decided to extend the share offer period, hoping to sell shares as Christmas presents and giving those who didn’t manage to buy in up to now an opportunity to do so.”

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