A Community Share Scheme would be established that could accept loans from members which are paid back at an agreed time and with fixed interest, registered with and governed by the Financial Conduct Authority (FCA).
The campaign is also open to people who simply want to make a donation.- or even buy shares in the new venture.
A spokesman for the group said: “We’re especially keen to seek support from those who love the pub and want to preserve its position as the village pub of Kirkcaldy, whether that is by becoming a member, offering support to the work of the steering group, making a donation or providing a sum as a loan.”