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 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 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/culturalproperty/proteching-cultural-objects/government-indemnity-scheme Thank you Ritual ewer and cover, Compton Verney. Photo: Prudence Cuming Associates Ltd