🎬 Wells City Council Considers Land Purchase to Safeguard Local Film Centre
Wells City Council is pleased to announce that it is actively exploring the possibility of purchasing the land currently occupied by our much-loved Film Centre. This initiative aims to secure the long-term future of this vital cultural and community asset, which has served as a hub for entertainment, education, and social connection for residents of all ages.
Why This Matters
The Film Centre is more than just a cinema—it’s a cornerstone of our community. With increasing uncertainty over the site's future, Wells City Council believes that taking proactive steps to secure the land is essential to preserving this cherished facility for generations to come.
How We Plan to Do It
To fund the potential purchase, Wells City Council intends to apply for a Public Works Loan—a government-backed, low-interest loan available to local authorities for capital projects that benefit the community.
Key points:
- 🏛 Loan Provider: Public Works Loan Board (PWLB)
- 💷 Purpose: To purchase the land on which the Film Centre stands
- 📅 Repayment Term: To be determined based on affordability and community consultation
- 📊 Impact on Precept: There will be no impact on the precept.
Next Steps
- Initial feasibility assessment and valuation of the land
- Submission of a loan application to the PWLB
- Community engagement and formal consultation period
We believe this is a unique opportunity to take local ownership of a treasured facility and ensure its survival in the heart of our City.
📢 Stay tuned for updates and consultation dates. Your voice matters—together, we can protect the future of our Film Centre.