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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 carol.warner@artscouncil.org.uk. GIS and the Registrar.
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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 carol.warner@artscouncil.org.uk
GIS and the Registrar Bolxuaam, a malagan sculpture by New Ireland artist Michael Homerang being carried by Brighton Museum staff. Photo: Jim Holden
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
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
Using an average commercial rate • of 0.003%, indemnity is currently saving the sector £18.5 million
Contact us • carol.warner@artscouncil.org.uk • olivia.basterfield@artscouncil.org.uk • anastasia.tennant@artscouncil.org.uk • nationalsecurityadvisor@artscouncil.org.uk • 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