How to buy shares in Hastings Pier

How to buy shares in Hastings PierBy Dr-Mx at the English language Wikipedia, CC BY-SA 3.0, Link

**We now have an updated 2019 article regarding Hastings Pier; read it here.

After closing to the public in 2008, Hastings Pier was destroyed by a huge fire in 2010. The future of the Pier was looking bleak until a compulsory purchase order implemented by Hastings Borough Council allowed the Hastings Pier Charity (HPC) to buy the Pier for £1 in August 2013.

A plan for redevelopment was submitted to the Heritage Lottery Fund, who awarded a project grant of £11.4m towards the estimated £14.2m that was required to restore the pier to the former glory of its Victorian heyday.

A Community Share Scheme was set up and this attracted around 3,000 shareholders to contribute about £600,000 towards the restoration project.

The HPC is still looking for investors - and you could be one of them. A single share in Hastings Pier can be bought for just £1 and the minimum amount you need to buy to be a shareholder is 100 shares.

What does being a shareholder mean?

For your £100 investment, you get to be a part-owner of the Pier. There is certainly something to be said for being able to stand on the newly refurbished Pier, knowing that you own a small part of it. You'll also know that you've helped preserve this beautiful, iconic Grade II listed structure.

Being a shareholder also means that you'll have the right to elect the Board of Directors for the Charity and attend and vote at general meetings where all members have one vote, regardless of their shareholding. Members also get regular members Communications so you’ll be the first to know what’s happening and also get priority booking period for all ticketed events.

If you'd like to know how you can become a shareholder in Hastings Pier, visit the Shareholder Space page of the project's website.

 

Watch the Video

Here's a short video containing interviews with Simon Opie (Hastings Pier Charity CEO), Karen Trimmings (Operations Manager), Peter Wheeler (Pier Engineer) and a brief bit from Suggs (from Madness). The video concerns the history of the Pier from its closure in 2008, and the huge fire in 2010, to its re-opening to the public on April 27th, 2016.

If you'd like to find out what's currently happening or to find out more about Hastings Pier, please visit the main Hastings Pier website for more information.

History of Hastings Pier

Hastings Pier was originally designed by a well known Victorian engineer Eugenius Birch. The Pier was opened during Queen Victoria's reign (1837 - 1901) on a damp and blustery August Bank Holiday Monday in 1872 by the Earl of Granville, Lord Warden of the Cinque Ports.

The elaborate opening ceremony was followed by a celebratory banquet. During the Earl’s after-dinner speech he is quoted as saying:

“This pier, if I may so use the phrase, appears to me to be a peerless pier – pier without a peer – except, perhaps, the unfortunate peer who is now addressing you”.

For many years, this iconic Victorian Pier was hugely popular with both the local community and visitors from far and wide.

The construction of the pier started with the first pile being driven into the seabed at 3 am on 18th December 1869.

The Fire in October 2010

During the 1980s the Pier fell into a state of disrepair. At this time, Piers were becoming unfashionable and people were choosing to holiday abroad more so than ever before. To try and counter the declining crowds, the previous owners tried to revamp the Pier by building more on the superstructure. Unfortunately, they paid little attention to the more costly (and largely unseen) substructure of the Pier.

Hastings Pier destroyed by fire in October 2010By Brian Snelson - originally posted to Flickr as 'YOU CAN SAVE ME', CC BY 2.0, Link

As a result, The Pier was finally closed in 2008. There were various campaigns by the local community to save and restore the much loved Grade II Listed Pier, although restoration plans were put on hold indefinitely when a huge and devastating fire all but destroyed it one October night in 2010.

Hastings Pier today

Following the revamp of Hastings Pier, the gallery below shows an assortment of images (including CGI) of the Pier in modern times and one image of how the Pier looked in Victorian times.

About Us

We're a professional waste management company providing low cost skip hire and rubbish clearance to Hastings and most parts of Sussex.

Cookies / Privacy | Disclaimer/Damage Waiver | Expert Services Group Ltd. Registered office: Wilson House 48 Brooklyn Road Seaford East Sussex, England BN25 2DX - Company No. 06713008 - VAT No. 972682678 | Licenced as a Waste Carrier by the Environment Agency: Registration no. CBDU271130 | SEO & Marketing