The Creative land trust preserves affordable workspace for artists and creatives in London by acquiring property and leasing it at below-market rates. They secure buildings through outright purchase of freehold properties or long leases, through planning policies such as Section 106 agreements or community infrastructure levies. All buildings are let to studio providers or groups of artists, securing long-term affordability and creating security for the creative community.
A mix of funding streams allows for agility in securing long term space for creative production.
Margate creative land trust has been established as an independent charity in partnership with local creatives. Seed funding has been secured from central government through the Margate town deal to set up the operation of the organisation; purchase physical space in Margate and provide affordable rents; and deliver community programmes, ensuring that Margate's residents benefit from the creative economy.
A model co-created with residents, with initial financial commitment bolstered with national government funding.