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Latest News
Building Lease Update:
The Trustees met with Persimmon Homes Ltd on Tuesday 18 February. Our initial assessment of the meeting is, Persimmon have offered us a 50-year lease at £1.00 per year with a 5-year break clause.
This is a much more advantageous to LWT than we expected. The only really grey area is around the repair and maintenance point, which we can negotiate/argue about a bit further down the line.
The trustees will meet on Monday 9 March 2020 to discuss, and hopefully we maybe in a position to agree heads of terms. While we believe this is good news, it is important to understand that the building is in quite a poor state of repair and the trust will need to raise a considerable sum of money and considerable effort to bring the building back into reuse.
Saying that, we have a great team of people working on this project who are willing to go that extra mile.
Important Note:
After the visit by Historic England on 16 Jan, the site has unfortunately been placed on the Heritage At Risk Register.
This is indeed sad news to see that this magnificent piece of industrial heritage is now officially at risk of permanent loss. The trust is committed to continue working with the owner, Persimmon Homes Ltd to find a sustainable solution that will bring this building and its historic contents aback into a community use.
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