Social club members have conceded defeat in their fight to convince a company not to withdraw funding and close their clubhouse.
Cummins Generator Technologies decided in November to stop supporting Cummins Social Club in Wharf Road, Stamford.
The firm, which owns the clubhouse and matches employees’ membership fees, said the club was under-utilised.
Members were devastated to hear the news and started a petition against the plans, which attracted about 700 signatures. But the campaign had no effect and the club’s management committee has now been told it has until the end of March to vacate the clubhouse.
Secretary Tim Wade said: “This is final. We have lost the fight. We presented the petition but they had already decided.”
“We are going to wind the club down. There is no plan to look for a new premises. The cost is one big problem and location is another.”
The club, which opened in the 1970s, has hundreds of members and holds bingo nights twice a week.
It also hosts functions and many organisations use the clubhouse as a meeting place, including the Stamford branch of the Royal British Legion.
Mr Wade added: “For the older folks it is disappointing. They go out of the house once a week and that is being taken away.
“There is not a great deal to do in Stamford. You are sat in the house and what do you do?”
Jez Norris, 54, of Witham Close, Stamford, has been a member at the club for about 13 years.
He said: “The closure will have a big impact, not just for me but for a lot of people. For the older ones it is going to be a significant loss.
“My wife and I go twice a week. The loss is not something I can’t get over but I have been going there for 13 years. There is nothing like it in Stamford.
“It is quite a tight community. About 60 or 70 people go every Monday and we pretty much know everyone there.”
The club committee is trying to sell the furniture and other items in the clubhouse before the March deadline. Anyone interested in buying anything should call 01780 755365.
Cummins was unavailable for comment.