Final terms approved for Isle of Wight Festival's five-year agreement with IWC

The final terms of the new five-year agreement between Isle of Wight council (IWC) and the Isle of Wight Festival have been approved.

The agreement, which runs from 2023 to 2027 covers the use of Seaclose park and adjoining IWC land.

The annual fee for use of Seaclose Park and North Fairlee Farm sites is £86,700, but the Festival also has to hand over a £100,000 bond, for reinstatement works which will be held by IWC.

Key elements
The key elements of the agreement are as follows:

A five (5) year land hire agreement from 2023 and concluding with the 2027 IW Festival
A fee of £86,700 for use of the Seaclose Park and North Fairlee Farm sites of subject to an annual CPI uplift (based on March CPI figures)
The agreement of a £100,000 bond to be held by IWC for reinstatement works
The provision by the organisers of traffic management arrangements at Halberry Lane; management of the West Bank of the river medina and the river estuary at their cost.
A provision to terminate the agreement with agreed notice period should that be necessary.
A mechanism for allowing the relocation of IW Festival operations at Newport Harbour land should any redevelopment commence during the period up to 2027.
Continued provisions of the 2009 agreement (and amendments in 2021, 2022) in relation to security, park closure, footpath closures, reinstatement works, conditions surveys and related matters at the promoters cost.
A separate agreement to establish a community “green fund” based on a tariff or levy on those accessing the event via non -sustainable modes of transport to support the delivery of projects, programmes and activities to reduce carbon emissions, linked to the mission zero hubs.
A separate annual agreement for the use of Medina Leisure Centre
A separate agreement with Medina College for the use of their land

Find out more
IW Festival takes place between Thursday 15th June and Sunday 18th June.

See the IWC’s paper on the agreement for more information.

If you want to know more about IW Festival, see our Isle of Wight Festival Archive.