Pier share offer attracts £580k

HUNDREDS of investors including some from as far away as Australia have raised more than £580,000 to help secure the future of the new pier.

The recent Hastings Pier Charity share scheme attracted more than 3,000 investors.Shares were available for a six month period from last October.

The £14m renovation work started earlier this year and is expected to be completed in time for next year’s summer season. The charity’s chief executive Simon Opie said: “We were hoping to raise £500,000 and with it, an involved, concerned shareholder group. So we’re enormously pleased to have exceeded the financial target and that more than 60 per cent of the investors are local to Hastings and the surrounding areas. More than 75 per cent of investors live in Kent or Sussex with the remainder from the rest of the country though one or two are from as far away as France, Germany, Slovenia and Australia. We suspect the foreign investors may have been born and bred Hastings so we’re delighted they’ve taken such a keen interest in their home town.”

The money raised completes the total needed to renovate the pier and fund the attractions and infrastructure needed to make the it financially viable. The one remaining building on the pier, currently being used as a site office will become the planned bar and bistro. A new Heritage Centre will be built with an outdoor rooftop viewing gallery whilst plans for farmers’ markets, children’s playground, outdoor performance spaces, visiting circus and

perhaps even a microbrewery are on the drawing board.