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An old bank in Ventnor could soon be transformed into an arts hub, hosting live entertainment, films and exhibitions, iwcp.co.uk reports.

The Isle of Wight Council is currently considering plans to transform the old Natwest bank in the town into a hub after it was used as a venue during this year’s Ventnor Fringe Festival.

If proposals are given the green light, the building could be used in future Fringe Festivals, as well as the Isle of Arts event and Wight Film Festival, among others. Local businesses would also be able to use the space, as well as the Island Wine Company for tasting events or gatherings aimed at attracting new business from locals as well as those on Isle of Wight holidays.

Media marketing executive Stephan Izatt and his wife Liz Bonser are behind the idea, and have set out plans to retain the building’s historic features, whilst still transforming the interior to house a large event space.

Four people would be expected to be given full-time jobs all year round with the development, with many more temporary jobs also set to be created to tie in with the calendar of events.

The planning, design and access statement, as printed on iwight.com, read: “The club will provide a comfortable, premium environment, unique to Ventnor and possibly the Isle of Wight, where our client