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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.

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Presentation on theme: "UKRG Event “From the Outside In: Working with Registrars” Friday 5 September 2014 Tate Britain Carol Warner Manager, Government Indemnity Scheme Arts Council."— Presentation transcript:

1 UKRG Event “From the Outside In: Working with Registrars” Friday 5 September 2014 Tate Britain Carol Warner Manager, Government Indemnity Scheme Arts Council England

2 Bolxuaam, a malagan sculpture by New Ireland artist Michael Homerang being carried by Brighton Museum staff. Photo: Jim Holden GIS and the Registrar

3 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

4 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

5 Advisers Anastasia Tennant Policy Adviser Authorises indemnities over £1m William Brown National Security Adviser Environmental Adviser Expert Advisers – Valuation ACE Finance Team

6 AELCU, Arts Council England Accreditation Acceptance in Lieu Cultural Gifts Designation and Prism Export Licensing Government Indemnity Reviewing Committee (on Export of Works)

7 Key Stakeholders & relationships Department for Culture, Media and Sport (DCMS) Cultural Property GIS users National and Non National institutions UKRG Individual Registrars

8 The Government Indemnity Scheme (GIS) provides an alternative to commercial insurance for loans in to institutions within the UK

9 In all cases, for indemnity to be granted there must be clear UK public benefit

10 Indemnity can be given to private and public lenders based in the UK or overseas unless they are a UK national institution

11 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

12 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

13 Guidelines NationalNon National

14 What you provide

15 Challenges Categories Complex applications People

16 Opportunities Frequently Asked Questions

17 Updates and developments Advocacy for GIS New Policy – Conditional Exemption Reinforcing guidance – Loan Agreements GIS Review

18 Key dates – September 2014 Reporting Friday 19 September – GIS Nationals Friday 10 October – Deadline for Nations Friday 31 October – GIS send report to DCMS

19 Wedgewood Museum. Photo: Jon Stroud

20 Using an average commercial rate of 0.003%, indemnity is currently saving the sector £18.5 million

21 Contact us Enquiries line: property/proteching-cultural-objects/government-indemnity-scheme

22 Thank you Ritual ewer and cover, Compton Verney. Photo: Prudence Cuming Associates Ltd


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