ukrg event “from the outside in: working with registrars”
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UKRG Event “From the Outside In: Working with Registrars”. Friday 5 September 2014 Tate Britain Carol Warner Manager, Government Indemnity Scheme Arts Council England [email protected]. GIS and the Registrar. - PowerPoint PPT PresentationTRANSCRIPT
UKRG Event“From the Outside In: Working with Registrars”
Friday 5 September 2014Tate Britain
Carol Warner Manager, Government Indemnity SchemeArts Council [email protected]
Bolxuaam, a malagan sculpture by New Ireland artist Michael Homerang being carried by Brighton Museum staff. Photo: Jim Holden
GIS and the Registrar
Sharing our experiences of working with Registrars in the UK
• Who we are
• Why a Government Indemnity Scheme
• How we work together – challenges and opportunities
• Updates and new developments
Who we are
Government Indemnity Team (GIS)
Carol Warner, Manager
• Lead for Nationals
• Authorise indemnities up to £1m
• Reporting and Forecasts
• Claims
Olivia Basterfield, Assistant
• Lead for Non Nationals
Advisers
Anastasia Tennant
• Policy Adviser
• Authorises indemnities over £1m
William Brown
• National Security Adviser
Environmental Adviser
Expert Advisers – Valuation
ACE Finance Team
AELCU, Arts Council England
• Accreditation • Acceptance in Lieu• Cultural Gifts• Designation and Prism • Export Licensing• Government Indemnity • Reviewing Committee (on Export of Works)
Key Stakeholders & relationships
Department for Culture, Media and Sport (DCMS) • Cultural Property
GIS users • National and Non National institutions• UKRG• Individual Registrars
The Government Indemnity Scheme (GIS) provides an alternative to
commercial insurance for loans in to institutions within the UK
In all cases, for indemnity
to be granted there must be clear UK
public benefit
Indemnity can be given to private and public lenders based in the UK or
overseas unless they are a UK national institution
Who can apply?
National institutions
‘Supported wholly or mainly from public funds provided by Parliament and which are outlined as eligible bodies in section 16(2) of the Act’
Non-national institutions• local authority funded• university funded• National Trust properties• independent applicants
What Indemnity can be used for
Exhibitions• most frequent use• covers the objects “nail to nail”
Longer term loans• maximum of three years per indemnity
Research• normally pre-exhibition• public benefit still needs to be clear
Guidelines
National Non National
What you provide
Challenges
• Categories
• Complex applications
• People
Opportunities
Frequently Asked Questions
Updates and developments
• Advocacy for GIS
• New Policy – Conditional Exemption
• Reinforcing guidance – Loan Agreements
• GIS Review
Key dates – September 2014 Reporting
• Friday 19 September – GIS email Nationals
• Friday 10 October – Deadline for Nations
• Friday 31 October – GIS send report to DCMS
Wedgewood Museum. Photo: Jon Stroud
Using an average commercial rate
of 0.003%, indemnity is currently saving the sector £18.5 million
Contact us
Enquiries line: 0845 300 6200
www.artscouncil.org/what-we-do/supporting-museums/cultural-property/proteching-cultural-objects/government-indemnity-scheme
Thank you
Ritual ewer and cover, Compton Verney. Photo: Prudence Cuming Associates Ltd