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The National Trust plans to receive £ 200 million after all of its properties are closed during the foreclosure.

Hilary McGrady, The executive director of the National Trust told a parliamentary committee that the property was struck after charity closed its properties on March 20.

The £ 200 million figure represents almost a third of the charity’s total income in the last financial year, which means the organization is facing a large deficit.




The golden laburnum tree at the National Trust's Bodnant Gardens near Colwyn Bay, Conwy, North Wales, as the gardens remain closed to visitors during the coronavirus pandemic.

The golden laburnum tree at the National Trust’s Bodnant Gardens near Colwyn Bay, Conwy, North Wales, as the gardens remain closed to visitors during the coronavirus pandemic. Photography: Peter Byrne / PA

While McGrady has said the National Trust’s parks and gardens will be the first to reopen, the charity’s homes are unlikely to reopen until the end of August. She told the select digital, culture, media and sports committee that the estimated impact of Covid-19 “will be around £ 200 million for the trust this year.”

Confidence is “desperate to open” as soon as it is safe, she said, stressing the value of spaces for the mental well-being of the nation. She added:

Our members want us to be open, but they want us to open securely. And we will do this in a very controlled and careful manner, which is why we have introduced the reservation system.

“But it is incredibly important just for, apart from anything else, the mental well-being of the nation that they can go out and access places like the National Trust.

“We offer incredibly safe spaces for people to visit and just, you know, have some space and have access to nature and we think it’s really important to do it as soon as possible. “

The trust received total income of £ 634 million in 2019, according to its accounts, compared to £ 595 million the year before. In 2019, it received £ 192 million in investment income. The market value of its investments amounted to £ 1.3 billion last year.

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