A new chapter of Stroud’s Subscription Rooms has begun as Stroud District Council has agreed the venue’s transfer to the Town Council.
Subject to final confirmation by Stroud District Council’s Strategy and Resources Committee meeting on 17th January 2019, the freehold of the venue will be transferred to the Town Council from 28th March 2019.
The Town Mayor is calling on the community to get behind and fully support the Stroud Subscription Rooms Trust which will be responsible for running the Sub Rooms.
“Now the hard work really begins,” says Town Mayor Kevin Cranston. “Public opinion has been overwhelming in its call to keep the Subs in public ownership.
“But to ensure that happens it needs to become a viable enterprise, backed by the community. The Town Council has found a great team of Trust members and has confidence in their ability to make a success of the Subs and so is happy to take on the risk of ownership with no income.
“It has taken nearly 2 years of hard work to get us to this solution which gives the Sub Rooms a secure and bright future and frees the District Council from the long term liabilities of running costs and losses.”
The Stroud Subscription Rooms Trust, which has been set up as a Charitable Incorporated Organisation, will be responsible for running the Sub Rooms, while Stroud Town Council maintains public ownership of the building. The staff will transfer to the Trust when they take over in 2019.
As part of the proposed agreement Stroud District Council will provide a grant of £230,000 and the Town Council will provide £50,000 as working capital. The Trust also plans to raise funds to make improvements to the building.
The Town Council has already received more than £50,000 in community pledges which will be called on in the near future. Make your donation here.
Stroud Preservation Trust has committed £10,000 towards the cost of employing an architect and submitting a listed building application. An architect has been appointed to work on a feasibility study and public consultation on potential improvements to the building.
To join the Stroud Subscription Rooms Trust Mailing List please fill in your details below: