The Ferret has been accepted on to Preston’s register of assets of community value.

The decision-makers at Preston City Council agreed that ‘the principal use of The Ferret furthered the community’s social wellbeing and/or social interests and is likely to do so in the future’.

The move means the iconic venue is recognised as being of importance to the local community, and is subject to additional protection from development under the Localism Act 2011.

Read more: Plungington Hotel listed as an Asset of Community Value

The local community now has six months to prepare a bid to buy The Ferret.

General Manager Matt Fawbert is working with the Music Venue Trust and Preston City Council, and says he’s hopeful both bodies will join in a partnership to save the venue.

“This is just the first stage of our plans to Save The Ferret, but it’s an important development,” said Matt.

“We’re very glad to see the intrinsic value of The Ferret and our programme of events being officially recognised.”

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