April 1, 2011
of Burnham's Princess Theatre transfers to Town Council
ownership of Burnham-On-Sea's Princess Theatre has today (Friday,
April 1st) been formally handed over to the town council by Sedgemoor
District Council, safeguarding its future.
The milestone comes after months of negotiations between the
two councils regarding the closure-threatened building.
The next stage of the Princess' development will be the formation
of a new community interest company to handle the operation of
the building. Proposals to create the new group will be discussed
at a full town council meeting on Monday evening (April 4th).
Community interest companies were introduced by the government
in 2005 for social enterprises that want to use their profits
and assets for the public good.
In March, Sedgemoor District Council agreed to sell The Princess
to the Town Council for the nominal sum of £1, as reported
by Burnham-On-Sea.com here.
has handed over a 'transitional subsidy' of £90,000 to the
Town Council to enable it to make improvements to the building,
thereby helping it to increase its use and income.
also reported in
February that the town council had earmarked £70,000
of funds towards taking on The Princess.
Burridge-Clayton, pictured, told Burnham-On-Sea.com: "The
town council's takeover of the Princess helps to secure it as
a major community asset for residents."
"A Business Options Plan has been formed and it is expected
that the plan will be flexible enough to provide the needs of
the current hall users and also broaden the services on offer."
reported here that
Burnham-On-Sea's DanceFit Club and The Bay Club Dancers will join
forces to perform the first show at the town council-owned Princess
Theatre this Saturday (2nd April).