From speaking to the local EA man earlier this year, I understand that the Cole definitely does hold trout (it's a surprisingly high quality gravelly catchment while the Rea is much siltier).
Unfortunately, I also understand that most of its course seems to run through the Shire Country Park where the Council formally doesn't allow fishing.
However, if some you local forum lads could put together a TiTT project on this river that's loudly based on conservation rather than fishing interests... I reckon you could go a long way to convincing sceptical conservation-industry types that we're not all in it just to improve our own fishing... there's a greater good here
Theo
PS: unless I'm completely wrong about the no-fishing rule, in which case I'll be up there in Tolkein-land at the start of next season faster than Gollum spotting the Precious...