Hastings Pier celebrates share plan

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

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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.

Last day to buy shares in Hastings Pier

Today is the last day you can buy shares in Hastings Pier. The scheme was launched to help fund the restoration of the Pier which was destroyed by fire in 2010.

The restoration has been kickstarted by an £11m heritage lottery grant - now shares have been issued to try to raise another half a million and transform the grand old lady .**

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