As part of Margate’s successful Town Investment Plan, the Council will be the Accountable Body for the setting up of a Creative Land Trust (“The Trust”) as part of the Margate Town Deal. An interim Placeholder Board is undertaking the administrative work to set up The Trust and needs a temporary address. It is proposed that the Council office address is used as an interim measure.
A Creative Land Trust is an asset based approach to regeneration. It involves acquiring underused or empty properties through outright purchase of freehold properties or long leases, or through properties gifted or transferred to the Trust by public or private partners. These will then be used as affordable commercial space for creative practitioners and support services.
The Trust in Margate will provide wider benefits to the community by bringing empty properties back into use, generating investment in the town centre and creating jobs and training opportunities.
Margate’s Creative Land Trust will support the broadest range of creative industries including design, music, publishing, architecture, film and video, crafts, visual arts, fashion, TV and radio, advertising, literature, computer games and the performing arts.
Decision type: Non-key
Decision status: Recommendations Approved
Notice of proposed decision first published: 11/11/2021
Decision due: 11 Dec 2021 by Deputy Leader and Cabinet Member for Economic Development
Lead member: Councillor Reece Pugh, Shadow Leader of the Council and Shadow Cabinet Member for Strategy and Transformation cllr-reece.pugh@thanet.gov.uk
Lead director: Louise Askew
Contact: Louise Askew, Head of Regeneration and Growth Email: Louise.askew@thanet.gov.uk.