CIPFA North West The Guild Hall, Preston

"The Guild Hall in Preston has undergone a remarkable transformation, facing challenges such as declining footfall, competition from other venues, and the need for major works. However, through strategic initiatives, including a local entrepreneur's proposal and the Rigby Organisation's revitalization efforts, the venue has risen from the ashes. The transformation includes capital investments, new dining experiences, and increased occupancy of retail units, resulting in job creation and improved event quality. The Guild Hall is now a vibrant cultural hub and entertainment complex, showcasing the power of innovative solutions to revive a local landmark."

• Guild Hall
• Preston
• Transformation
• Revitalization
• Culture

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Uploaded on Feb 21, 2025 | 0 Views

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Presentation Transcript

1. CIPFA North West The Guild Hall, Preston Mike Nuttall Local Service Partners

2. Guild Hall, Preston Preston Guild 1972 Concert Hall capacity 2,700 Theatre capacity 800 Shopping arcade c20 units Bus Station Multi-storey car park 2

3. Guild Hall, Preston Nationally recognised venue Top acts Gateway into Preston Significant footfall 3

4. Guild Hall, Preston fortunes change Competition from other venues Footfall reduction Shopping arcade vacancies Major works required Council subsidy c 1.2m p.a. Risk appetite reduced 4

5. Guild Hall, Preston what next? Mounting Council budget pressures High profile site Long term solution needed Mothball/demolish the venue being considered 2013 Market the site last throw of the dice 5

6. Guild Hall, Preston a way forward Rigby Organisation proposal - local entrepreneur Leasehold (999 years) Oct 2014 Reinvigorate the venue Capital investment c 5m Compliment wider regeneration aspirations Remove the Council subsidy ..quickly 6

7. Guild Hall, Preston rises from the ashes Rigby Organisation determined to make an immediate/bold statement Venue facelift New dining experiences and bars opened Greater utilisation of space Increased/complimentary occupancy of retail units 7

8. Guild Hall, Preston 8

9. Guild Hall, Preston achievements/next? Savings/investment delivered Investment continues . Over 100 additional jobs created ..more to come Quality of shows/events on offer improved Prompted others to invest in surrounding facilities Creation of a multi-entertainment complex in large derelict retail unit Conference venue 9

10. Guild Hall, Preston some reflections Partner selection crucial Pace of decision making It s an ongoing relationship Managing risk Revenue generation Ability to respond to changing tastes 10

11. The Rigby Organisation 11

12. Local Service Partners our offer to you Diverse and experienced team Discuss issues you may be facing Explore possible solutions Pragmatic and practical Ability to make things happen 12

13. Local Service Partners Mike Nuttall Executive Advisor Local Service Partners Mike.nuttall@localservicepartners.co.uk 13