Nottingham City Council plans to establish a charitable trust to manage sites like Nottingham Castle and Wollaton Hall. This change aims to secure additional funding and ensure the long-term sustainability of these assets.
A planned change to how Nottingham Castle is run would be 'completely different' to the trust which operated it for just over a year before going bust. A charitable trust is set to be established to run sites like the castle and Wollaton Hall as part of wider city council savings plans worth £24 million.
As well as the opportunity for external sources of funding to largely cover the running of the sites, other benefits of the charitable trust would include exemption from corporation tax, VAT exemption, business rates relief and the application of Gift Aid - where the museums could claim an extra 25p for every £1 they receive. Asked how soon a trust could be set up, Councillor Radford said: 'I'm not sure how soon, I think it would be swift. I think it's important to point out we are the only core city in the country that does not operate on that model. On a scale of 1 to 5 how worried are you about Nottingham City's Council budget proposals? Let us know here 'By having a charitable trust in place, we will be able to access additional streams of revenue, in particular grant funding, which the council is not allowed to apply for. It also keeps these assets completely under the council's control. It maintains these assets for the future and gives them additional funding that we wouldn't otherwise be able to give them directly from the council.' The running of Nottingham Castle by a charity trust would mark yet another change of management for the site. The castle had been run since 1878 by Nottingham City Council until 2018, when it closed for a £31 million transformation. Control was then handed over to the Nottingham Castle Trust in May 2019, with the venue reopening in the summer of 2021. After just over a year of operation, with issues including an alleged racist incident and complaints over ticket prices, the trust went into liquidation in November 2022 and the council took back control - reopening the site in the summer of 202
NOTTINGHAM CASTLE CHARITY TRUST CITY COUNCIL MUSEUMS FUNDING
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