Thursday 20 June 2024
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Nottingham

Splendour Festival: £11 million contract for five years ensures 2-day music festival until 2029

Nottingham City Council has finalised a new five-year contract for the annual Splendour Music Festival.

The festivals will take place at Wollaton Park from 2025 to 2029.

The decision, confirmed by the Council’s Commissioning and Procurement Executive Committee, aims to ensure the continuation of this popular event while maximising income for the wider city economy.

Splendour Festival – Background

Splendour Festival, a joint venture between Nottingham City Council and local promoter DHP Family since 2007, has become a staple in the city’s cultural calendar. The event, known for its family-friendly atmosphere and diverse lineup, caters to Nottingham residents of all ages. The previous contract covered the period from 2018 to 2022, reflecting a shift towards a cost-neutral, commercially sustainable model.

In 2023, a tender process was initiated to find a supplier for the festival for the next five years. Due to delays in contract finalisation, DHP decided not to proceed with the 2024 event. Consequently, the new contract will now cover the period from 2025 to 2029.

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Financial and Legal Considerations

The total value of the decision is estimated at £11,788,000 over the five-year period, reflecting the anticipated turnover.

The council says that the contract aims to provide the Council with best value, reducing financial risks while ensuring the festival’s continuation. Legal advice and negotiations were supported by the external law firm Browne Jacobsen LLP, with a focus on securing intellectual property rights and increasing attendance capacity.

Risks and Mitigations

Several risks were considered in securing the contract:

  1. Low Contract Offers: The tender process was designed to maximise value, and the selected supplier met the Council’s financial and operational requirements.
  2. Limited Supplier Interest: An open tender attracted sufficient interest, ensuring a competitive process.
  3. Procurement Delays: Despite initial delays, the contract is now ready for finalisation, with both parties in agreement.

Economic Impact

The festival’s continuation is expected to deliver significant social and economic benefits. It will:

  • Provide a high-profile, popular event featuring local artists.
  • Boost Nottingham’s visitor economy by attracting tourists.
  • Increase local employment and use of local suppliers.

Community and Environmental Considerations

The contract includes provisions to ensure safety and security, as well as environmental sustainability. These measures were evaluated during the tender process to align with the Council’s carbon reduction goals.

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