Yarmouth Community Foundation CIC Transforms Former School into Maritime History Centre
Deal News | May 22, 2025 | EIN
The former Yarmouth primary school on the Isle of Wight has been sold to the Yarmouth Community Foundation CIC and transformed into a centre for maritime history. This development aims to continue the site's legacy of education and community service. The bid was initially accepted in March 2024 but experienced delays due to regulatory negotiations. Funding for the project was provided by the Herapath-Shenton Trust, and the Maritime Archaeology Trust will oversee operations at the new centre, which will feature the Western Solent and incorporate part of the existing shipwreck centre from Arreton. The site will also include community spaces and remain in use by local groups such as the Yarmouth Scouts and Guides. The Isle of Wight Council retains part of the land to develop affordable housing, ensuring benefits for future generations. Key council members have expressed support and optimism for the project’s positive impact on the local community.
Sectors
- Education and Community Development
- Real Estate and Development
- Maritime and Archaeology
Geography
- United Kingdom – The Isle of Wight is located in the United Kingdom and is the primary setting for the article.
- Isle of Wight – The specific locality where the primary school and subsequent developments are taking place.
Industry
- Education and Community Development – The transformation of the school into a maritime history centre focuses on educational outreach and community engagement.
- Real Estate and Development – The sale and repurposing of the school site include a focus on using the land for educational and community purposes.
- Maritime and Archaeology – The new centre will serve as a hub for maritime history, involving the Maritime Archaeology Trust.
Financials
- N/A – No specific financial figures were disclosed regarding the purchase price or funding amounts.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Yarmouth Community Foundation CIC | Buyer | Company | A community interest company formed from local trusts with the aim of serving the Yarmouth community. |
| Isle of Wight Council | Seller/Vendor | Government | The local government responsible for the sale of the former school property. |
| Herapath-Shenton Trust | Funder | Charity | Charitable trust established by a former Yarmouth resident with a focus on maritime interests. |
| Maritime Archaeology Trust | Occupant/Operator | Charity | A charity focused on marine archaeology that will manage the new maritime history centre. |
| Martin Woodward | Spokesperson | Person | Founder of the shipwreck centre, integral to the development of the maritime history centre. |
| Councillor Ian Stephens | Spokesperson | Person | Deputy leader and cabinet member for Housing and finance providing support and statements about the project. |
| Councillor Peter Spink | Spokesperson | Person | Ward councillor expressing support for the project and ensuring the transparency of housing developments. |