This document summarizes a presentation about thinking laterally to unlock assets and enable development in hard times. It discusses typical funding scenarios for arts and heritage projects and how they have changed between 2008 and 2014. Lottery funding is a major source but has become more competitive. Other funding options discussed include enabling development, revenue enabling, and partnerships with commercial developers. Case studies of specific projects like Bank Hall and Artspace Spike Island show how these alternative approaches have been used to unlock assets and funding.
1. PURCELL MILLER TRITTON
a presentation by .................................
THINKING LATERALLY TO UNLOCK YOUR ASSETS & ENABLE DEVELOPMENT IN HARD TIMES
NIALL PHILLIPS, HEAD OF DESIGN & REGENERATION, PURCELL
UNLOCKING OPPORTUNITIES FOR ARTS & HERITAGE PROJECTS PENARTH PIER PAVILION 16th SEPTEMBER 2014
2. UNLOCKING OPPORTUNITIES FOR ARTS & HERITAGE PROJECTS
THINKING LATERALLY TO UNLOCK ASSETS & ENABLE DEVELOPMENT IN HARD TIMES NIALL PHILLIPS HEAD OF DESIGN & REGENERATION PURCELL
3. PURCELL MILLER TRITTON
a presentation by .................................
THINKING LATERALLY TO UNLOCK YOUR ASSETS & ENABLE DEVELOPMENT IN HARD TIMES
NIALL PHILLIPS, HEAD OF DESIGN & REGENERATION, PURCELL
TYPICAL FUNDING SCENARIO
HLF/ACE/SC/BL 40-50%
Local Authority 10-15%
ERDF/RDA 20-30%
EH/Cadw/HS 5-10%
CAT/CAFG/CB & others 10-15%
Grant Giving Charities 5-10%
Public Appeal 2-5%
Commercial Sponsors 2-5%
Soft Loans (AHF/CB)
4. PURCELL MILLER TRITTON
a presentation by .................................
THINKING LATERALLY TO UNLOCK YOUR ASSETS & ENABLE DEVELOPMENT IN HARD TIMES
NIALL PHILLIPS, HEAD OF DESIGN & REGENERATION, PURCELL
TYPICAL THIRD SECTOR FUNDING SCENARIO
2008
Lottery 40-50%
EU WEFO/ERDF 20-30%
Local Authority 10-20%
Central Government 10-15%
EH/ CADW /HS 5-10%
Grant Giving Charities 5-10%
Commercial Sponsors 2-5%
Public Appeal 2.5%
Volunteers 8-10%
5. PURCELL MILLER TRITTON
a presentation by .................................
THINKING LATERALLY TO UNLOCK YOUR ASSETS & ENABLE DEVELOPMENT IN HARD TIMES
NIALL PHILLIPS, HEAD OF DESIGN & REGENERATION, PURCELL
2014
Lottery 55-60%
EU WEFO/ERDF 15-20%
Local Authority 10%
Central Government 8-10%
EH/ CADW /HS 5-10%
Grant Giving Charities 5-10%
Commercial Sponsors 2-5%
Public Appeal 2.5%
Volunteers 15-18%
TYPICAL THIRD SECTOR FUNDING SCENARIO
6. PURCELL MILLER TRITTON
a presentation by .................................
THINKING LATERALLY TO UNLOCK YOUR ASSETS & ENABLE DEVELOPMENT IN HARD TIMES
NIALL PHILLIPS, HEAD OF DESIGN & REGENERATION, PURCELL
Heritage Lottery Fund
9 Funding Schemes
New Heritage Enterprise
Arts Council Lottery Fund
15 Funding Schemes
Comingā¦ Autumn 2014 Strategic Funding Programme
Big Lottery
23 Funding Schemes
Currentā¦Coastal Communities Fund
LOTTERY FUNDING
7. PURCELL MILLER TRITTON
a presentation by .................................
THINKING LATERALLY TO UNLOCK YOUR ASSETS & ENABLE DEVELOPMENT IN HARD TIMES
NIALL PHILLIPS, HEAD OF DESIGN & REGENERATION, PURCELL
In common they:
ā¢
Require a minimum proportion of matched funding ā as little as 5%
ā¢
Require the applicant to be local authority, non-profit or charitable organizations ā but partnerships with commercial companies are possible
ā¢
Are oversubscribed with bids
ā¢
Change constantly ā many funding programmes are time limited
ā¢
Have complex application processes ā many two stage
S d t k tk f
LOTTERY FUNDING
8. PURCELL MILLER TRITTON
a presentation by .................................
THINKING LATERALLY TO UNLOCK YOUR ASSETS & ENABLE DEVELOPMENT IN HARD TIMES
NIALL PHILLIPS, HEAD OF DESIGN & REGENERATION, PURCELL
Heritage Grants Ā£255m
Parks for People Ā£24m
Landscape Partnerships Ā£22m
Townscape Heritage Initiative Ā£14m Places of Worship repair Grant Ā£30m
Your Heritage Ā£26m
Young Roots Ā£4m
Total 2013 / 14 Grants Ā£375m
Heritage Lottery Fund Programmes 2013/14
LOTTERY FUNDING
9. PURCELL MILLER TRITTON
a presentation by .................................
THINKING LATERALLY TO UNLOCK YOUR ASSETS & ENABLE DEVELOPMENT IN HARD TIMES
NIALL PHILLIPS, HEAD OF DESIGN & REGENERATION, PURCELL
LOTTERY FUNDING
Arts Council Lottery Fund - Matrix
10. PURCELL MILLER TRITTON
a presentation by .................................
THINKING LATERALLY TO UNLOCK YOUR ASSETS & ENABLE DEVELOPMENT IN HARD TIMES
NIALL PHILLIPS, HEAD OF DESIGN & REGENERATION, PURCELL
ā¢
Community Amenity & Facilities Grant
ā¢
Programme
ā¢
Social Investment Business
ā¢
WEFO / ERDF
ā¢
Aggregates Tax
ā¢
Homes & Community Agency
ā¢
Triodos Bank
ā¢
Community Builders
ā¢
Challenge Fund
ā¢
Architectural Heritage Fund
ā¢
Natural England
ā¢
WAG
ā¢
Regional Growth Funds
ā¢
English Heritage, CADW, Historic Scotland
ā¢
Adventure Capital Fund
ā¢
Grant Giving Charities
ā¢
Land Fill Tax
ā¢
Social Enterprise Fund
ā¢
Capital Growth Fund
ā¢
Local Charities
NON-LOTTERY FUNDING SOURCES
Google
11. PURCELL MILLER TRITTON
a presentation by .................................
THINKING LATERALLY TO UNLOCK YOUR ASSETS & ENABLE DEVELOPMENT IN HARD TIMES
NIALL PHILLIPS, HEAD OF DESIGN & REGENERATION, PURCELL
ā¢
Research
ā¢
Landscape Work
ā¢
Archaeology
ā¢
Graphic Design
ā¢
Education Work
ā¢
Soft Furnishings
ā¢
Gardens & Horticulture
ā¢
Metal Working
ā¢
Paper Conservation
VOLUNTEERS
12. PURCELL MILLER TRITTON
a presentation by .................................
THINKING LATERALLY TO UNLOCK YOUR ASSETS & ENABLE DEVELOPMENT IN HARD TIMES
NIALL PHILLIPS, HEAD OF DESIGN & REGENERATION, PURCELL
ā¢
Retail Assistants
ā¢
Audio Recording
ā¢
Learning Activities
ā¢
Decorating
ā¢
Tour Guiding
ā¢
Catering
ā¢
Building Construction
ā¢
Reception
ā¢
Artwork
ā¢
Archiving
ā¢
Publicity
ā¢
Fund Raising
ā¢
Exhibition Research & Design
ā¢
Administration
ā¢
Husbandry
ā¢
Translation
ā¢
Book Keeping
VOLUNTEERS
Probably anything else you can think of & might needā¦
13. PURCELL MILLER TRITTON
a presentation by .................................
THINKING LATERALLY TO UNLOCK YOUR ASSETS & ENABLE DEVELOPMENT IN HARD TIMES
NIALL PHILLIPS, HEAD OF DESIGN & REGENERATION, PURCELL
In England, Wales and Scotland, Buildings at Risk Registers shows 2500 grade 1 & II* buildings are at risk.
For nearly all these buildings the equations:
END VALUE = COSTS - GRANT
or
GRANT = COSTS ā END VALUE
applies but grants sources are reducing for charities and very few are available to other developers.
WHAT TO DO?
ENABLING DEVELOPMENT
14. PURCELL MILLER TRITTON
a presentation by .................................
THINKING LATERALLY TO UNLOCK YOUR ASSETS & ENABLE DEVELOPMENT IN HARD TIMES
NIALL PHILLIPS, HEAD OF DESIGN & REGENERATION, PURCELL
ENABLING DEVELOPMENT
An enabling development is a development with adopted local planning policies that are waived for a specific development.
This means the profit or surplus from the specific development can be applied to the conservation of a historic building where the conservation costs exceed the buildingās value ā the difference is the conservation deficit.
15. PURCELL MILLER TRITTON
a presentation by .................................
THINKING LATERALLY TO UNLOCK YOUR ASSETS & ENABLE DEVELOPMENT IN HARD TIMES
NIALL PHILLIPS, HEAD OF DESIGN & REGENERATION, PURCELL
Enabling developments assist by:
ā¢
Creating additional financial input to close viability gap
ā¢
Creating additional accommodation necessary to make the reuse of a historic building viable
ā¢
Avoiding inappropriate uses within a historic building and are necessary to the functional viability of its reuse.
ā¢
Providing long term revenue income
ENABLING DEVELOPMENT
16. PURCELL MILLER TRITTON
a presentation by .................................
THINKING LATERALLY TO UNLOCK YOUR ASSETS & ENABLE DEVELOPMENT IN HARD TIMES
NIALL PHILLIPS, HEAD OF DESIGN & REGENERATION, PURCELL
BUTā¦
ā¢
They can significantly increase the overall cost and funding requirement
ā¢
They are often extremely controversial
ā¢
Obtaining consents is difficult and expensive
ā¢
They may reduce levels of grant aid
ā¢
They can increase programme length and project risk
ā¢
They do not always produce the anticipated contribution ā particularly financially
ENABLING DEVELOPMENT
17. PURCELL MILLER TRITTON
a presentation by .................................
THINKING LATERALLY TO UNLOCK YOUR ASSETS & ENABLE DEVELOPMENT IN HARD TIMES
NIALL PHILLIPS, HEAD OF DESIGN & REGENERATION, PURCELL
Enabling Development and the Conservation of Significant Places (June 1999 Revised September 2008) PPS5 Planning for the Historic Environment
ā¢
Very high burden of proof for applicant
ā¢
Emphasis on design quality Importance of buildingās listing
ā¢
All other options have to be explored first including grant aid
ā¢
Sign off by Government Office after planning authority decisions
ā¢
Importance of consultations
ā¢
Planning Agreement (Section 106)
Statutory Basis
ENABLING DEVELOPMENT
18. PURCELL MILLER TRITTON
a presentation by .................................
THINKING LATERALLY TO UNLOCK YOUR ASSETS & ENABLE DEVELOPMENT IN HARD TIMES
NIALL PHILLIPS, HEAD OF DESIGN & REGENERATION, PURCELL
Application Requirements
ā¢
Costed Condition Survey
ā¢
Historic Landscape Appraisal
ā¢
Archaeological Appraisal
ā¢
Heritage Impact Assessment
ā¢
Ecological Survey
ā¢
Full elemental project cost plan
ā¢
Development Appraisal
ā¢
Valuations
ā¢
Design to RIBA Stage D (E/F)
ā¢
Design & Access Statements
Development Appraisal
ā¢
Nominal acquisition costs
ā¢
Allowance for all development costs including legal & sales costs
ā¢
Allowance for profit (15%)
ENABLING DEVELOPMENT
19. PURCELL MILLER TRITTON
a presentation by .................................
THINKING LATERALLY TO UNLOCK YOUR ASSETS & ENABLE DEVELOPMENT IN HARD TIMES
NIALL PHILLIPS, HEAD OF DESIGN & REGENERATION, PURCELL
BANK HALL
20. PURCELL MILLER TRITTON
a presentation by .................................
THINKING LATERALLY TO UNLOCK YOUR ASSETS & ENABLE DEVELOPMENT IN HARD TIMES
NIALL PHILLIPS, HEAD OF DESIGN & REGENERATION, PURCELL
Trust Issues (HTNW)
ā¢
Significant Resources
ā¢
Shortfall
ā¢
High Capital Funding Requirement
ā¢
High Development Risks
ā¢
Lack of Development Experience
Options
ā¢
Further Fundraising
ā¢
Enabling Development
ā¢
Commercial Partnership
BANK HALL
21. PURCELL MILLER TRITTON
a presentation by .................................
THINKING LATERALLY TO UNLOCK YOUR ASSETS & ENABLE DEVELOPMENT IN HARD TIMES
NIALL PHILLIPS, HEAD OF DESIGN & REGENERATION, PURCELL
Solutions
ā¢
Shell repairs by trust (HTNW)
ā¢
Enabling development to meet conservation deficit/residual shortfall
ā¢
Partnership with Urban Splash ā Commercial Developer
ā¢
Urban Splash fund balance of shell repair costs advancing land receipt
ā¢
Trust lease to Urban Splash on completion of shell
ā¢
Trust run management company
BANK HALL
22. PURCELL MILLER TRITTON
a presentation by .................................
THINKING LATERALLY TO UNLOCK YOUR ASSETS & ENABLE DEVELOPMENT IN HARD TIMES
NIALL PHILLIPS, HEAD OF DESIGN & REGENERATION, PURCELL
ARTSPACE SPIKE ISLAND
23. PURCELL MILLER TRITTON
a presentation by .................................
THINKING LATERALLY TO UNLOCK YOUR ASSETS & ENABLE DEVELOPMENT IN HARD TIMES
NIALL PHILLIPS, HEAD OF DESIGN & REGENERATION, PURCELL
ARTSPACE SPIKE ISLAND
24. PURCELL MILLER TRITTON
a presentation by .................................
THINKING LATERALLY TO UNLOCK YOUR ASSETS & ENABLE DEVELOPMENT IN HARD TIMES
NIALL PHILLIPS, HEAD OF DESIGN & REGENERATION, PURCELL
Issues
ā¢
Voluntary sector client with no resources
ā¢
Very large building on an urban site
ā¢
Lease of site owned by Brooke Bond
ā¢
Freehold owned by City of Bristol with restrictive covenant
ā¢
Limited value without planning consent
ā¢
Zoned for light industrial use
ā¢
Value assuming residential consent - Ā£1.4m
ā¢
No funds available for purchase
Warehouse
Main Tea Packing Plant
ARTSPACE SPIKE ISLAND
25. PURCELL MILLER TRITTON
a presentation by .................................
THINKING LATERALLY TO UNLOCK YOUR ASSETS & ENABLE DEVELOPMENT IN HARD TIMES
NIALL PHILLIPS, HEAD OF DESIGN & REGENERATION, PURCELL
ARTSPACE SPIKE ISLAND
26. PURCELL MILLER TRITTON
a presentation by .................................
THINKING LATERALLY TO UNLOCK YOUR ASSETS & ENABLE DEVELOPMENT IN HARD TIMES
NIALL PHILLIPS, HEAD OF DESIGN & REGENERATION, PURCELL
Revenue enabling
ā¢
Artspace retained 120,000 sq ft of space
ā¢
80,000 sqft occupied by artists in studio groups at low rents
ā¢
Remaining space let on commercial terms to tenants in related activities
ā¢
Let space averages 85% occupancy and generates income of over Ā£220,000 per annum
ā¢
Artspace uses surpluses to hold studio costs low, fund residencies and education activities
ARTSPACE SPIKE ISLAND
27. PURCELL MILLER TRITTON
a presentation by .................................
THINKING LATERALLY TO UNLOCK YOUR ASSETS & ENABLE DEVELOPMENT IN HARD TIMES
NIALL PHILLIPS, HEAD OF DESIGN & REGENERATION, PURCELL
ā¢
Planning obtained on part of site for residential development
ā¢
New lease granted to Brooke Bond on residential site for sale, development and maximum retained premium of Ā£1m
ā¢
Lease of main site to Artspace with any excess sale receipt over maximum premium donated to Artspace by Brooke Bond (Ā£400k)
ā¢
Brooke Bond sell lease on residential site to achieve premium and make donation of Ā£400k to Artspace
ā¢
Artspace undertake development using donation as matching funding for ACE & RDA Grants ā 100% funded
Solution
ARTSPACE SPIKE ISLAND
28. PURCELL MILLER TRITTON
a presentation by .................................
THINKING LATERALLY TO UNLOCK YOUR ASSETS & ENABLE DEVELOPMENT IN HARD TIMES
NIALL PHILLIPS, HEAD OF DESIGN & REGENERATION, PURCELL
ARTSPACE SPIKE ISLAND
29. PURCELL MILLER TRITTON
a presentation by .................................
THINKING LATERALLY TO UNLOCK YOUR ASSETS & ENABLE DEVELOPMENT IN HARD TIMES
NIALL PHILLIPS, HEAD OF DESIGN & REGENERATION, PURCELL
Nearly all funding agencies require business plans ā they want to know their investment will result in a long term benefit & return ā survival.
Many Third Sector organisations have very marginal business plans often requiring ongoing fundraising to stay solvent
Many historic buildings struggle to find an income generating use which meets maintenance and running costs.
The problem therefore may not be meeting the capital costs but the revenue costs ā the revenue needs enabling.
REVENUE ENABLING
30. PURCELL MILLER TRITTON
a presentation by .................................
THINKING LATERALLY TO UNLOCK YOUR ASSETS & ENABLE DEVELOPMENT IN HARD TIMES
NIALL PHILLIPS, HEAD OF DESIGN & REGENERATION, PURCELL
ā¢
Develop surplus space for income ā 100% capital funding
ā¢
Develop activities that generate income
ā¢
Build in freeholder maintenance responsibilities to leases ā LA buildings
ā¢
Revenue grants
ā¢
Build start-up costs into capital bids
ā¢
Build endowment funds into capital development funding plans ā NT
ā¢
Use volunteers to minimise operational staffing costs
Options
REVENUE ENABLING
31. PURCELL MILLER TRITTON
a presentation by .................................
THINKING LATERALLY TO UNLOCK YOUR ASSETS & ENABLE DEVELOPMENT IN HARD TIMES
NIALL PHILLIPS, HEAD OF DESIGN & REGENERATION, PURCELL
ARNOS VALE CEMETERY
32. PURCELL MILLER TRITTON
a presentation by .................................
THINKING LATERALLY TO UNLOCK YOUR ASSETS & ENABLE DEVELOPMENT IN HARD TIMES
NIALL PHILLIPS, HEAD OF DESIGN & REGENERATION, PURCELL
Opportunities
ā¢Strong candidate for HLF support
ā¢Good other capital funding
ā¢Very strong community interest
ā¢Extremely vigorous campaigning local press
ā¢Strong individual commitment
ā¢Concerned City Council
ā¢Private Act provisions
Capital Funding
HLF Ā£4.95m
EH Ā£0.45m
RDA (SWERDA) Ā£0.9m
Grant Giving Charities Ā£0.55m
Public Appeal Ā£0.35m
Volunteer Input Ā£0.6m
Total 7.6m
ARNOS VALE CEMETERY
33. PURCELL MILLER TRITTON
a presentation by .................................
THINKING LATERALLY TO UNLOCK YOUR ASSETS & ENABLE DEVELOPMENT IN HARD TIMES
NIALL PHILLIPS, HEAD OF DESIGN & REGENERATION, PURCELL
ā¢
45 acre disused cemetery
ā¢
6 Grade 2* listed buildings
ā¢
72 Grade 2* & Grade 2 listed monuments
ā¢
Grade 1 historic landscape
ā¢
Valuable wildlife habitat
ā¢
Private ownership
ā¢
Complete dereliction of buildings & landscape
ā¢
Contamination
ā¢
Shared boundary walls
ā¢
Major costs of conservation - Ā£7.6m
ā¢
Local authority reluctance to be involved
ā¢
Private Act Cemetery
ā¢
Strong public concern
Issues
ARNOS VALE CEMETERY
34. PURCELL MILLER TRITTON
a presentation by .................................
THINKING LATERALLY TO UNLOCK YOUR ASSETS & ENABLE DEVELOPMENT IN HARD TIMES
NIALL PHILLIPS, HEAD OF DESIGN & REGENERATION, PURCELL
Revenue Problems
ā¢
High maintenance costs
ā¢
Landscape maintenance problems
ā¢
Limited opportunities to change building uses
ā¢
Limited income generation
ā¢
Need to persuade funding agencies of viability
Solutions
ā¢
City make endowment grant to support revenue costs Ā£2m
ā¢
City retain boundary wall maintenance responsibilities under lease
ā¢
Use of volunteer staffing
ARNOS VALE CEMETERY
35. PURCELL MILLER TRITTON
a presentation by .................................
THINKING LATERALLY TO UNLOCK YOUR ASSETS & ENABLE DEVELOPMENT IN HARD TIMES
NIALL PHILLIPS, HEAD OF DESIGN & REGENERATION, PURCELL
CARDIGAN CASTLE
Issues
ā¢
High capital costs Ā£9.2m
ā¢
Limited local economy
ā¢4 acre gardens
ā¢Redundancy of structure/walls
ā¢Complex site
ā¢No vehicle access
ā¢Ongoing viability problems
ā¢Local use sensitivity
ā¢Site ecology
ā¢Limited income generation
ā¢Need to persuade funding agencies of viability
ā¢Small unitary authority
ā¢Strong public concern
36. PURCELL MILLER TRITTON
a presentation by .................................
THINKING LATERALLY TO UNLOCK YOUR ASSETS & ENABLE DEVELOPMENT IN HARD TIMES
NIALL PHILLIPS, HEAD OF DESIGN & REGENERATION, PURCELL
Opportunities
ā¢
Strong HLF candidate
ā¢
Good Welsh funding sources
ā¢
Local trust willing to be partner and operate on completion
ā¢
Local authority ownership
ā¢
Local authority capacity shortfall
ā¢
Important historic associations
Capital Funding HLF Ā£4.95m WAG (WEFO) Ā£4.2m Cadw Ā£0.45m Trusts & Appeal Ā£0.12m Trust fundraising Ā£0.48m Volunteer input Ā£0.3m Total Ā£10.5m
CARDIGAN CASTLE
37. PURCELL MILLER TRITTON
a presentation by .................................
THINKING LATERALLY TO UNLOCK YOUR ASSETS & ENABLE DEVELOPMENT IN HARD TIMES
NIALL PHILLIPS, HEAD OF DESIGN & REGENERATION, PURCELL
Revenue Problems
ā¢
Large elements of redundant structure ā Castle Walls
ā¢
Limited & seasonal local market
ā¢
Limited trust experience & capacity
ā¢
Need to convince funders of viability
CARDIGAN CASTLE
Solutions
ā¢
Partnership with Ceredigion
ā¢
Ceredigion to support as bankers & project enablers
ā¢
Ceredigion retain freeholder responsibility for Walls, external fabric & plant maintenance
ā¢
User partnerships ā Vivat, WFA, Hanes Aberteifi
ā¢
Use of volunteers
38. PURCELL MILLER TRITTON
a presentation by .................................
THINKING LATERALLY TO UNLOCK YOUR ASSETS & ENABLE DEVELOPMENT IN HARD TIMES
NIALL PHILLIPS, HEAD OF DESIGN & REGENERATION, PURCELL
Revenue Options
Operating Costs (Trading)
Accomodation
Costs 8%
Surplus 12%
Operating Costs
18%
Cost of Sales 21%
Staff 41%
Overall Costs
Ceredigion 12%
Volunteers 15%
Operating
Costs 73%
CARDIGAN CASTLE
39. PURCELL MILLER TRITTON
a presentation by .................................
THINKING LATERALLY TO UNLOCK YOUR ASSETS & ENABLE DEVELOPMENT IN HARD TIMES
NIALL PHILLIPS, HEAD OF DESIGN & REGENERATION, PURCELL
Expenditure
Development
Costs 8%
Staff Costs 7.5%
Volunteers 9.5%
Capital Work
72%
Funding
Others 5.5%
Volunteers
9.5%
CADW 10%
WEFO (EU)
31%
HLF 43%
Capital Costs
CARDIGAN CASTLE
41. PURCELL MILLER TRITTON
a presentation by .................................
THINKING LATERALLY TO UNLOCK YOUR ASSETS & ENABLE DEVELOPMENT IN HARD TIMES
NIALL PHILLIPS, HEAD OF DESIGN & REGENERATION, PURCELL
LEDBURY PLACES
42. PURCELL MILLER TRITTON
a presentation by .................................
THINKING LATERALLY TO UNLOCK YOUR ASSETS & ENABLE DEVELOPMENT IN HARD TIMES
NIALL PHILLIPS, HEAD OF DESIGN & REGENERATION, PURCELL
LEDBURY PLACES
43. PURCELL MILLER TRITTON
a presentation by .................................
THINKING LATERALLY TO UNLOCK YOUR ASSETS & ENABLE DEVELOPMENT IN HARD TIMES
NIALL PHILLIPS, HEAD OF DESIGN & REGENERATION, PURCELL
ISSUES
ā¢
Six Grade I & II* of 2 listed buildings
ā¢
Three owners ā Civil Society, Town & County Council
ā¢
Difficulties in meeting maintenance costs
ā¢
Duplication of use ā 3 large meeting spaces
ā¢
Important heritage visitor asset function
ā¢
Income generation potential not developed
ā¢
Difficulty in accessing capital funds
LEDBURY PLACES
44. PURCELL MILLER TRITTON
a presentation by .................................
THINKING LATERALLY TO UNLOCK YOUR ASSETS & ENABLE DEVELOPMENT IN HARD TIMES
NIALL PHILLIPS, HEAD OF DESIGN & REGENERATION, PURCELL
LEDBURY PLACES
45. PURCELL MILLER TRITTON
a presentation by .................................
THINKING LATERALLY TO UNLOCK YOUR ASSETS & ENABLE DEVELOPMENT IN HARD TIMES
NIALL PHILLIPS, HEAD OF DESIGN & REGENERATION, PURCELL
SOLUTIONS
ā¢
Single ownership/management structure
ā¢
Strong collective capital funding to meet 100% costs of Ā£2m
ā¢
Hard decisions ā alternative uses for duplicated space
ā¢
Reduction in extent that heritage assets open to public
ā¢
Realistic approach to long term costs -Ā£65,000 per annum
ā¢
Focus on shared objectives
ā¢
Response to key local issues ā Tourism āwelcomeā of āLocal Engagementā
ā¢
Consultation
LEDBURY PLACES
46. PURCELL MILLER TRITTON
a presentation by .................................
THINKING LATERALLY TO UNLOCK YOUR ASSETS & ENABLE DEVELOPMENT IN HARD TIMES
NIALL PHILLIPS, HEAD OF DESIGN & REGENERATION, PURCELL
ā¢
Investigate feasibility, market and viability
ā¢
Measures Survey/Survey of Fabric/Structural Condition
ā¢
Pursuit of Ownership LA/CPO
ā¢
Planning and Listed Building Consents
ā¢
Archaeological Evaluation
ā¢
Funding Applications/Fundraising
ā¢
Confirmation of Consents and funding
ā¢
Implement acquisition
ā¢
Detailed design by consultants
ā¢
Tender
ā¢
Contract works
ā¢
Use dispose
Entirely speculative (10-15%)
Semi speculative (85-95%)
THE DEVELOPMENT PROCESS
47. PURCELL MILLER TRITTON
a presentation by .................................
THINKING LATERALLY TO UNLOCK YOUR ASSETS & ENABLE DEVELOPMENT IN HARD TIMES
NIALL PHILLIPS, HEAD OF DESIGN & REGENERATION, PURCELL
Feasibility 3 - 4
Consents
ā¢
Preparations 3 - 4
ā¢
Determination 6 - 9
Funding Applications
ā¢
Preparations 3 - 4
ā¢
Determination 6 - 9
Acquisition 6 - 12
Confirmation of Consents and Funding
ā¢
Implement acquisition 2 - 3
ā¢
Detailed design by consultants 6 - 9
ā¢
Tender 1- 2
ā¢
Contract works 1- 2
Speculative (18-24 months)
Semi speculative (18-24 months)
TIMESCALE EFFORT
48. PURCELL MILLER TRITTON
a presentation by .................................
THINKING LATERALLY TO UNLOCK YOUR ASSETS & ENABLE DEVELOPMENT IN HARD TIMES
NIALL PHILLIPS, HEAD OF DESIGN & REGENERATION, PURCELL
ā¢
Substantial potential for making a financial contribution through development ā both capital and revenue
ā¢
Often underused and in poor condition
ā¢
Frequently in a sympathetic ownership ā local authority or a realistic owner
ā¢
Can be a maintenance and security burden and often with an āunknownā cost
ā¢
Lack of āvisionā often a constraint
ā¢
Likely to have āconservation deficitā
WHY DEVELOP PROPERTY ASSETS ā HISTORIC BUILDINGS
49. PURCELL MILLER TRITTON
a presentation by .................................
THINKING LATERALLY TO UNLOCK YOUR ASSETS & ENABLE DEVELOPMENT IN HARD TIMES
NIALL PHILLIPS, HEAD OF DESIGN & REGENERATION, PURCELL
ā¢
Very high levels of capital funding can be achieved ā especially if on a Building at Risk Register
ā¢
Long term asset / value growth if retained
ā¢
Funders accept elements of commercial revenue generation to support project operational & maintenance costs
ā¢
In initial years when long term cyclical costs are low commercial revenue can support mortgage payments
ā¢
Recognised āenablingā process to help project funding
WHY DEVELOP PROPERTY ASSETS ā HISTORIC BUILDINGS
50. PURCELL MILLER TRITTON
a presentation by .................................
THINKING LATERALLY TO UNLOCK YOUR ASSETS & ENABLE DEVELOPMENT IN HARD TIMES
NIALL PHILLIPS, HEAD OF DESIGN & REGENERATION, PURCELL
GOOD LUCK WITH YOUR PROJECTS!
NIALL PHILLIPS
HEAD OF DESIGN & REGENERATION
PURCELL