The group plans to invest upward of £42 million on repairs and restoration to Grade-1 Listed Wentworth House, in South Yorkshire, over the next 15 years.
It is the largest privately-owned house in Europe. Covering 250,000 sq. ft., the 300-room house sits on an 82-acre estate and is now open to the public for the first time in 25 years, following a 2014 listing.
The property was bought by the Wentworth Woodhouse Preservation Trust with funding from grants, pledges, and donations, including £3 million from the National Heritage Memorial Fund.
A trust spokesperson said: ‘The long-term strategy is for the public to visit and enjoy all the most interesting parts of the property while restoring the others for revenue-earning uses such as events and holiday lets with business units in the stables.
‘Traditionally, an historic house of this size would have required a vast endowment. This business model will provide a substantial income stream intended to cover both running costs and periodic bouts of repair.’
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