Integrated Capital Strategies Crowden Outdoor Education Centre: A Case Study

The Financial Problem Costs Rebuild Cost £980,000 Income Settlement Proposal £740,000

Costs

Rebuild Cost £980,000

Income

Settlement Proposal £740,000

The Interested Parties Rotherham Metropolitan Borough Council Youth Hostel Association Peak Park Planning Authority United Utilities PLC

Rotherham Metropolitan Borough Council

Youth Hostel Association

Peak Park Planning Authority

United Utilities PLC

The Deal YHA gave up sub-lease on their hostel Peak Park gave up lease to freeholder Peak Park gave United Utilities planning permission for social housing United Utilities gave RMBC £100,000 from sale YHA and RMBC signed management agreement for sharing and running new building

YHA gave up sub-lease on their hostel

Peak Park gave up lease to freeholder

Peak Park gave United Utilities planning permission for social housing

United Utilities gave RMBC £100,000 from sale

YHA and RMBC signed management agreement for sharing and running new building

The Financial Solution Costs Rebuild Cost £980,000 Income Settlement £740,000 Connexions £70,000 Access Fund £50,000 Sale of Furniture £20,000 United Utilities £100,000 Total £980,000

Costs

Rebuild Cost £980,000

Income

Settlement £740,000

Connexions £70,000

Access Fund £50,000

Sale of Furniture £20,000

United Utilities £100,000

Total £980,000

The Management Agreement YHA responsible for managing the building RMBC responsible for managing activity Profit/loss sharing agreement Legally binding three year management agreement

YHA responsible for managing the building

RMBC responsible for managing activity

Profit/loss sharing agreement

Legally binding three year management agreement