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Success for Hastings pier shares scheme

by David Johns (@davidjohns_itv)

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.

Hastings Pier aiming to re-open in Spring 2015

The first new timbers are being laid on Hastings Pier as the multi-million pound renovation gathers momentum. It has already received a massive £11m boost from a heritage lottery grant.

The charity supervising the project is aiming raise another £500,000 via community shares priced between £100 and £20,000. Half that target has already been reached.

We look at the progress of work and talk to project engineer Peter Wheeler, construction manager David Spooner and Simon Opie from the Hastings Pier Charity.

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Artists' impression of restored Hastings Pier

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Restoration of Hastings Pier is underway Credit: Hastings Pier Charity

Artists' impressions of how Hastings pier will look when its fully restored have gone on display on the town's seafront. Work has already begun to rebuild the historic pier, which was badly damaged by fire n 2010.

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Restoration of Hastings Pier is underway Credit: Hastings Pier Charity
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Restoration of Hastings Pier is underway Credit: Hastings Pier Charity

Hastings Pier restoration begins

Hastings Pier was partially destroyed by fire in 2010 Credit: Gareth Fuller/PA Wire/Press Association Images

A column supporting Hastings Pier has been replaced, marking the very first stage of the restoration of Hastings Pier. It was partially destroyed by a fire in 2010.

Bulldozer at pier column replacement Credit: Hastings Borough Council

Cllr Peter Chowney, deputy leader of Hastings Borough Council, and lead member for regeneration, said, “after so much work and planning, it is just brilliant to see the work of restoring Hastings Pier actually getting underway. It is especially pleasing that local contractors are being used."

Pier column replacement nightime Credit: Hastings Borough Council
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