THE GOVERNING BODY of Guildford Cathedral has taken a huge stride towards securing the future of the building by exchanging contracts with Linden Homes to buy and develop part of the land on Stag Hill.
This is part of an ambitious strategy for investment and development, designed to secure the long term future of the Cathedral for the people of the town, the Diocese and the wider county.
The Dean of Guildford, the Very Revd Dianna Gwilliams, said: â€œThe signing of contracts marks an important step for the Cathedral towards achieving our vision for 2020.
â€œThe funds generated by the sale will be a vital piece of the jigsaw that will enable us to serve our community more effectively in the future.
â€œWe are confident that Linden share our commitment to maintaining the Cathedralâ€™s place as a key landmark in the region and are sensitive to the very special role it plays in the community.
â€œWe look forward to working closely with them and others, as part of the consultation process, to ensure that the final scheme creates a Cathedral Quarter, that people will be proud of.â€
The agreement is part of the plan to secure the financial future of the Cathedral and to enable it to meet its obligations. It costs over Â£1m a year to operate the Cathedral which currently runs at a deficit. Funds from the sale of the land will create an endowment to secure its financial future.
For further details, see the cathedral website.