Coventry City Council is set to give a helping hand to the city’s museums as the bid for UK City of Culture continues.
Culture Coventry Trust runs the Coventry Transport Museum, the Herbert Art Gallery and Museum and the Lunt Roman Fort, but councillors will hear it is currently facing financial pressures.
Recent work such as the extension to the Transport Museum and other costs, means the Trust has been forced to spend its cash reserves and needs help so it has time to build a plan for the future.
Now councillors are being asked to support the Trust by approving a short term loan which will help it restructure the way it works and develop projects over the next year to generate income. They will also be asked to defer a loan repayment connected to the Transport Museum extension work for 12 months and to help with redundancy costs of a management restructure.
Martin Yardley, Coventry City Council’s Deputy Chief Executive, said: “We are very proud of our museums in Coventry and they are a vital part of our bid to be UK City of Culture 2021.
“As a result of recent work to prepare the sites for the future, the Trust has found it is in need of a little financial help and we are looking at what we can do as a Council to give it the breathing space it needs so it can continue to run top class venues for the people of Coventry and our visitors in the years ahead.
“The three museums attract around 800,000 visitors a year and tell the story of our wonderful city from Roman times to the birth of the motor car and beyond. They are home to wonderful exhibitions, support local artists and are an important part of our city’s life.
“During the coming months, we will work with the Trust and help it to develop a plan that will make sure people can continue to enjoy these fantastic venues and that they are in a strong position as we continue our bid to be UK City of Culture 2021.
“That bid is so important for our city’s future and an opportunity to do something very special that will benefit Coventry and its people not just now, but in the years ahead. We believe we are in a very strong position thanks to places such as our museums and galleries and all the people who work so hard to support their work.”
Roger Medwell, Chair of Culture Coventry, said: “We’d like to thank the Council for their help. And we’d like to reassure people that we have exciting development plans in place for all of the attractions we manage to ensure they continue to provide innovative and diverse programming, and are recognised as vibrant destinations for local people and visitors.
“The Trust also has long term plans to improve the visitor offer at the Lunt Roman Fort and will shortly be offering wedding bookings at the Old Grammar School.
“We are also working actively alongside the City of Culture team to support Coventry’s bid to become City of Culture in 2021. During the past 12 months we have developed key relationships with national museums like the V&A, the Courtauld Gallery and the National Portrait Gallery enabling us to create an on-going programme of nationally important works exhibited in the city. These joint partnerships will continue to grow in the coming years as more exhibitions are planned to take place so we have exciting plans that will support Coventry’s bid.”
The Cabinet meeting on 11 April will be told that the Trust is expected to have a small revenue shortfall this year and is still able to operate, but action needs to be taken quickly and savings or extra income identified in the year ahead.