Purpose

Cabinet provided the authority
to set up a new charitable trust as the operator model for the
Theatre Royal Margate, to support the delivery of the new vision
and potentially leverage £7,500,000 external funding. The
decision is on the basis that the council will not manage the
reopened theatre itself, and so requires a third party operator. In
the context of the likely future financial position of the council,
the objective is that there will be no ongoing revenue subsidy
support from the council.

Decision

Cabinet agreed to:
 
1. 
Note the options appraisal set out at appendix 2 and the work
undertaken by Bonnar Keenlyside and
agree that, subject to funding, a charitable trust should be
set up to act as the operator for the Theatre Royal Margate;
 
2. 
Note if both the funding applications referred to in the body of
this report are unsuccessful, a project redesign will be undertaken
and a separate operator proposal will be made.