A community-owned pub in Herefordshire, saved from redevelopment by local residents who bought shares, is now providing better financial returns than bank savings accounts.

About 300 residents of Orleton, Herefordshire, who collectively raised £300,000 to buy The Boot Inn in January 2019 and save it from demolition for housing development, are now earning a 3 per cent annual return on their shares — with one investor earning £600 per year in interest, outperforming standard bank savings accounts.