THE OWNER of a Teignbridge pub which is due to be turned into private homes has lifted the lid on the financial problems of the village pub trade.

Terry Tume spoke at a Teignbridge planning committee meeting which was recommended to approve the plans.

Campaigners said the Red Lion at Tedburn St Mary was a ‘force for good’ at the heart of the community. They began a campaign to save it and raised money towards buying it after having it listed as an official asset of community value.

But Mr Tume told councillors: ‘It’s a labour of love not a profitable business. We were always just surviving.

‘The final nail was the huge increase in energy costs in 2022. We decided to close the business before finances forced us to.

‘I understand that villagers like, and still want, a local, but that desire did not translate into footfall when we needed it.’

Planning officers said having another pub – the Kings Arms – over the road meant the derelict Red Lion could be redeveloped.

But villagers say since the 19th century pub closed, a number of community activities have stopped and the village is ‘diminished’. More than 50 letters of objection were sent.

Cllr Stephen Purser (Con, Teign Valley) said: ‘I have sympathy for the applicant, but I also have great sympathy for the Save The Red group for all the work they have done.’

Councillors voted to see the pub for themselves after concerns were raised over traffic and parking.

A decision will be made at a subsequent committee meeting.