The third tenant to join Bridport Literary and Scientific Institute (LSi) has been announced.

Gillinghams, a firm of independent financial advisors, is the second commercial tenant of the historic building on East Street.

Gillinghams joins Crowdfunder, 3DCentre (3DC) and Bridport Area Development Trust (BADT), the building's owner, as a partner in the controversial project to make the LSi viable and sustainable.

James Hewitt, director of Gillinghams, said: "We are extremely proud and grateful to have been supported by the trust and chosen as commercial tenant to occupy the upper levels of the prestigious LSi.

"This move allows us the opportunity to evolve our business and continue to support the town and local area while, most important, remaining in the heart of Bridport."

Mr Hewitt added: "Gillinghams has been a presence on the high street in Bridport since the early 1900s, making it one of the longest-standing local business ventures.

"The company plays an important role in supporting local people and businesses with their financial affairs, ranging from pension management and investment support to long-term care free planning."

The lead tenant, Crowdfunder, has operated from the LSi for three years and is one of the UK's leading crowdfunding platforms. Crowdfunder's subtenant, 3DC, was founded by renowned international human rights lawyers, Emily Bolton and Clive Stafford Smith, to mentor young people in human rights and social, economic and environmental justice.

The LSi courtyard atrium, meeting and training facilities will remain available for hire and use by local groups with discounted rates for charities and non-profit organisations.

A spokesman for BADT said: "The trust is delighted to have a long-established and well-respected Bridport business as a tenant in this architectural and cultural landmark.

"The new arrangements are the result of more than a year's intense work to secure the future of the LSi by adapting to changing business conditions and the Covid-19 pandemic.

"The intention is to create an innovative relationship with the tenants to deliver something very different and dynamic for Bridport."

However, many residents are disappointed with these arrangements, calling for them to be reversed and launching a petition.

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