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Guildford Borough Council is launching a market engagement exercise with independent specialists Blue Horizon Ventures to try and secure the future of The Electric Theatre.
The council is inviting organisations to express an interest in operating the much-loved community arts venue and it says to help “it thrive for years to come”.
The engagement exercise will help the GBC better understand the level of interest from potential operators and identify future management options ahead of any formal procurement process.
In a press release the council says market interest across two operating approaches will be considered:
Council leader Julia McShane (Lib Dem, Westborough) said: “We want to thank everyone who has taken the time to share their views with us throughout this journey.
“Residents, community groups and stakeholders have played a vital role in shaping our thinking about the future of the venue, and we have listened carefully to the feedback and ideas we’ve received.
“This has always been about working with our community to find the best way forward. The views shared have helped us reach this important stage and will continue to inform the decisions we make as we move ahead.”
And deputy leader Vanessa King (Lib Dem, Stoke), the lead councillor for Economy and Place, added: “We now want to understand what options are available to support a sustainable future for the venue that also offers benefits for residents, local organisations and visitors.
“We’re keen to hear from the widest range of interested parties, from community-led and charitable organisations through to commercial and alternative-use operators.”
The Council is particularly seeking views on how operators could support:
The market engagement exercise aims to:
An “Operator Market Day” will be held online on Wednesday, October 14 at 3.30pm. Hosted by Blue Horizon Ventures, the session will provide prospective operators with more information about the opportunity.
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