REGULARS at an iconic inn listed as one of Wales’ top heritage pubs are hoping to buy the pub for the whole community.

Tafarn y Plu in Llanystumdwy, the village 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, has been on the market for more than three years, valued at approximately £300,000.

Located very near to where the former prime minister grew up, 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 200-year-old inn by selling shares.

The minimum investment required will be £100, while the maximum has been set at £20,000.

Directors at Menter y Plu stress that every shareholder, whatever the value of their holding, will be entitled to a vote at annual general meetings.

The society’s constitution pledges to provide “a traditional Welsh welcome that shares the local language and culture with all”, in a heartland area where 77 per cent spoke Welsh at the last census.

A public meeting has been called for 27 September, at 7.30pm, at Llanystumdwy Village Hall to formally launch the venture, and where the directors will be available to answer any questions about their plans.

See this week’s north editions for the full story, in shops and online tomorrow