Decision - Royal Pavilion & Museums Trust Service Fee 2026-31
As published
the council's own words, uneditedThis report seeks agreement on the second fee term, 2026-31, for the Council's financial contribution to the Royal Pavilion & Museums Trust, as outlined in the Services Agreement held between the Council and the Trust.
1) Subject to the matters set out in the part 1 and 2 reports Cabinet agrees to the proposed annual fee of £1.9m for the fee term 2026-31 for the RPMT Service Agreement. 2) Cabinet agrees to the deferral of loan repayments to 2031. 3) Cabinet agrees to delegate authority to the Corporate Director City Operations in consultation with the cabinet member to make such variations as required to the contractual documentation between the Council and RPMT to give effect to the recommendations above.
Parsed from the document
gpt-5.6-luna-2026-07-09 · 3824/1968 tokens · 14430ms · parsed 8 Sep 2026 11:38Cabinet approved a fixed annual service fee of £1.9 million for the Royal Pavilion & Museums Trust for 2026-31. It also agreed to defer the Trust’s loan repayments until 2031, while allowing earlier repayments if the Trust’s reserves exceed the agreed level.
Stakeholders named
parsedNext steps
parsed- The Council and the Royal Pavilion & Museums Trust will amend the contractual documentation to give effect to the approved fee and loan deferral.
- Regular meetings will review the Trust’s financial performance and identify early action to prevent Council budget pressures.
- The Council will claim loan repayments if the Trust exceeds its agreed reserves position.
- If the Trust does not exceed the agreed reserves level, loan repayments will commence in 2031.
- The £0.3 million budget pressure for 2026/27 will be considered as part of the budget discussions for approval by Full Council in February 2026.