I remember when I was a student at Goldsmith's College. My mate Lines and I were sitting at Disco Delirium, the name for the Wednesday night bash at the Student Union Bar and we were contemplating running a pub together when we left college - "that way we would see each other all the time". Well, she now works in the City and I run an Innovation and Creativity consultancy, but if the new scheme from Punch Taverns had existed back then things might have been different.
Punch is offering new graduates the keys to failing pubs for a very low entry price of £5k. In total there will be 236 up for grabs. Thinking is that young keen and bright young things will be able to turn around the fortune of failing boozers. With massive graduate unemployment, huge student loans, and the Government's target of 50% of young people going to University, Britain's most indebted pub group may just be onto something.
