St Stephen’s Club, Victoria Embankment, S. W. — The only persons eligible for membership are those who profess and maintain Constitutional and Conservative principles. The committee have power to select for ballot twenty candidates annually from those duly proposed and seconded, who shall be called selected members. The election of members is by ballot in committee. Entrance fee, £31 10s.; subscription, £10 10s.
The original premises were sold to the government in the early 1960s and the club moved to 34 Queen Anne's Gate, the former private house of Lord Glenconner, in 1962.
The club closed as a proprietary membership club[when?] and was acquired in January 2003 by James Wilson and Myra Jauncey. It became officially apolitical and operated as a private members' luncheon club and venue for evening functions.
However, it retained an unofficial connection with the Conservative Party. Notably, on 7 May 2010, David Cameron chose the club as the venue to make the "big offer" to the Liberal Democrats for a coalition government which resulted in the coalition government under the leadership of David Cameron as Prime Minister and Liberal Democrat leader Nick Clegg as Deputy Prime Minister. As of 2012[update]Lord McAlpine kept his London wine collection in the cellar.[1]
On 2 January 2013 the club closed due to lack of members and soaring running costs having struggled to attract new members due to the economic climate and changing attitudes to London Clubs.[4]