Hastings Pier celebrates share plan

A share offer for the restored Hastings Pier has now closed.

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  1. David Johns (@davidjohns_itv)

Success for Hastings pier shares scheme

Hastings Pier's celebrating a successful milestone in its rebuilding programme. It wanted to raise half a million pounds by selling shares. This weekend it reached that target - and passed it. Shares worth almost six hundred thousand pounds have been sold to the public.

And, as David Johns reports, the Pier Trust is taking the final total as a ringing endorsement of their plans for the future. He speaks to the Pier Trust chairman Simon Opie; shareholder Laurence Bell, and Cllr Jeremy Birch, leader of Hastings Borough Council.

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Hastings Pier has sold £590k shares

The popular East Sussex pier that was severely damaged by a fire in 2010 has secured more than £590,000 of shares to help restore the seaside attraction.

Estimated costs to rebuild the pier were £14 million, with most of the money coming from the Heritage Lottery Fund.

Hastings Pier Charity offered £1 shares back in October and last Saturday marked the last day to buy a share in the restoration project.

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