Decision details

To provide support and funding for the Watts gallery Trust, to enable it to continue to develop its vision for an Artists’ Village and in particular, assist it in securing the ongoing ownership of Limnerslease by the Trust

It was recommended that the Leader agrees:

1.    That the Council will provide £1m funding to the Watts Gallery Trust to invest in Limnerslease and to enable the Trust to retain its ownership of the property, such sum to be secured by a charge on the property.

2.    That the Director of Legal and Democratic Services, in consultation with the Leader and the Chief Executive, will finalise the terms of an agreement with the Watts Gallery Trust to enable the provision of the funding and to secure this funding with a registered charge.