City Pub Company, the Enterprise Investment Scheme (EIS) funded operator, has secured its seventh site - and its second in Cambridge - and is already oversubscribed with investors for its latest fundraising bid, M&C Report has learnt. The currently unnamed pub is held on a lease from the city’s Jesus College and is set to open in the New Year. The pub will include a microbrewery, as will its next opening in Henley-upon-Thames, which is to begin trading in November. City Pub Company launched its latest EIS fund raising bid in the summer and non-executive director John Roberts told M&C Report: “The £3.8m fundraising has gone very well indeed, almost too well, and we are now oversubscribed I think - a nice problem to have!” Shares are being sold for £1.10 each, against £1 in the previous round of fund raising. City Pub Company was formed late last year by Roberts and Capital Pub Company founders David Bruce and Clive Watson. The pubs are split between sister EIS firms City Pub Company (East) and City Pub Company (West). * David Bruce and Clive Watson will discuss the pros and cons of Enterprise Investment Schemes at the Pub Retail Summit, a must-attend conference at the Landmark Hotel in London on Thursday 8 November. Spaces are limited so book early. Call Alice Wilson on 01293 610403 or email alice.wilson@wrbm.com. For more details and a full speaker list, visit www.pubretailsummit.co.uk