Trust clinches cash to aid takeover of South Parade Pier

South Parade Pier
South Parade Pier

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A COMMUNITY group’s bid to take over South Parade Pier has taken a step forward after it secured extra funding.

The government’s department for communities and local government has handed over £9,990 to The South Parade Trust, which wants to become the pier’s new owner.

The money came from a fund in the department which is managed by The Social Investment Business Limited (TSIB).

The trust was awarded the grant because of its growing community support and the fact members have experience working for community asset projects.

It comes as Fred Nash, current co-owner of the pier, insists negotiations are under way with a potential buyer, which is not the trust.

But despite telling The News their identity would be announced yesterday, he said a confidentiality agreement was still in place.

Leon Reis, chairman of The South Parade Trust, remains confident they are still in the frame.

‘South Parade Pier remains for sale, and we remain intent on buying it,’ he said. ‘None of the pier owner’s recent promises about new owners and work starting have come true. We are working extremely hard on fund-raising and we hope this grant will just be the starter for a £10m-plus fundraising campaign.’

Meanwhile, Mr Reis is encouraging people to watch a documentary about the community takeover of Hastings Pier. Watch it on