Ryde Town Council has confirmed its interest in buying Ryde Harbour and has called on the Isle of Wight Council to sell it for just £1.

At a packed meeting on Monday evening (3), councillors and residents expressed concerns over the potential sale or lease of the site.

The calls come after the Isle of Wight Council confirmed it was ‘welcoming’ interest in Ryde Harbour and Ventnor Haven due to ‘financial pressures’.

In a delegated report published, the local authority says the two sites could lose around £515,000 in the next 10 years and restoration costs could exceed £1.2.million.

At the meeting, Ryde Town Council agreed to present the following to Cabinet Member for Resources, Councillor Stuart Hutchinson, before he makes a final decision:

“Ryde Town Council objects to the recommendations contained in the Delegated Decision Report in regard to Ryde Harbour and asks that the Cabinet Member for Resources attend a public meeting in Ryde to discuss alternative options with the Ryde community within the next two weeks, which should include the option of the Isle of Wight Council selling the Harbour to Ryde Town Council for a £1.”

It is hoped that a public meeting will be called within the next two weeks.