Issue - meetings

The Future Business Model for the Shugborough Estate

 

 

Meeting: 20/01/2016 - Cabinet (Item 65)

The Future Business Model for the Shugborough Estate

(exemption paragraph 3)

 

Deputy Leader and Cabinet Member for Strategy, Finance and Corporate Issues and Cabinet Member for Economy, Environment and Transport

Additional documents:

Minutes:

(Exemption paragraph 3)

 

Mark Winnington

 

 

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“The Shugborough estate is a valued and important part of Staffordshire’s heritage. During 2015 we began detailed discussions with the National Trust to facilitate the surrender of the lease and we have now agreed in principle that the county council does surrender the lease and the management and delivery of the Shugborough Estate returns to the National Trust on 31st October 2016.

 

Surrendering the lease will secure the future of the Shugborough Estate for the people of Staffordshire and it will ensure the Estate receives appropriate levels of investment which will secure its reputation as a flagship visitor attraction, which adds real value to the local economy.”

 

Mark Winnington, Cabinet Member for Economy, Environment and Transport

 

“This agreement will save £35m of taxpayers’ money over the next 50 years. It will enable us to invest more in supporting communities to be active and independent, and caring for the most vulnerable in society.

 

This agreement will bring great benefits for the Shugborough Estate, Staffordshire residents and the National Trust; it is also the best option to secure the future of the Shugborough Estate.”  

 

Ian Parry, Deputy Leader and Cabinet Member for Strategy, Finance and Corporate Issues

 

 

 

Reasons for the Decision – To consider the outcome of the County Council’s negotiations with the National Trust in respect of the proposed surrender of the lease of the Shugborough Estate.

 

Decision – (a) That Staffordshire County Council surrenders the lease made between the National Trust and Staffordshire County Council dated 5th May 1966 (“Lease”) which they currently hold on the Shugborough Estate.

 

(b) That to effect the surrender, Staffordshire County Council:

 

(i)            Makes a payment of £20.5 million pounds (net of VAT), in three equal parts (£6.83million pounds), over three years to the National Trust.

(ii)          Transfers the legal estate of 26 hectares of land (shown coloured yellow on Appendix C to the report) to the National Trust and enter into an Asset Transfer Agreement with the National Trust to transfer the relevant assets from Staffordshire County Council to the National Trust.

(iii)         Grants a right of first refusal to the National Trust for a period of 50 years from the date of the surrender for the National Trust to purchase the land shown edged green (on Appendix D to the report) at a price to be agreed if Staffordshire County Council ever decides to sell or lease all or part of the land shown edged green.

 

(c) That Staffordshire County Council agrees to enter into two leases for the Walled Garden and the County Museum on terms to be agreed.

 

(d) That the final decision on the above be delegated to the Cabinet Members for Economy, Environment and the Deputy Leader and Cabinet Member for Strategy, Finance and Corporate Issues in conjunction with the Director for Finance and Resources.

 

(e) That Staffordshire County Council agrees to work in partnership with the National Trust to ensure a smooth transition of the Shugborough Estate by November 2016.

 

(f) That once  ...  view the full minutes text for item 65