Manchester Workshop 1 Integrated Capital Strategies Rod Norton Internet Version

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A presentation given at one of the National Youth Agency's regional events on the Governments new ten yearyouth strategy, called "Aiming High".



For more information visit www.nya.org.uk/tenyearstrategy

Published in: Technology, Economy & Finance
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Manchester Workshop 1 Integrated Capital Strategies Rod Norton Internet Version

  1. 1. Integrated Capital Strategies Crowden Outdoor Education Centre: A Case Study
  2. 5. The Financial Problem <ul><li>Costs </li></ul><ul><li>  </li></ul><ul><li>Rebuild Cost £980,000 </li></ul><ul><li>Income </li></ul><ul><li>  </li></ul><ul><li>Settlement Proposal £740,000 </li></ul>
  3. 6. The Interested Parties <ul><li>Rotherham Metropolitan Borough Council </li></ul><ul><li>Youth Hostel Association </li></ul><ul><li>Peak Park Planning Authority </li></ul><ul><li>United Utilities PLC </li></ul>
  4. 7. The Deal <ul><li>YHA gave up sub-lease on their hostel </li></ul><ul><li>Peak Park gave up lease to freeholder </li></ul><ul><li>Peak Park gave United Utilities planning permission for social housing </li></ul><ul><li>United Utilities gave RMBC £100,000 from sale </li></ul><ul><li>YHA and RMBC signed management agreement for sharing and running new building </li></ul>
  5. 8. The Financial Solution <ul><li>Costs </li></ul><ul><li>  </li></ul><ul><li>Rebuild Cost £980,000 </li></ul><ul><li>Income </li></ul><ul><li>  </li></ul><ul><li>Settlement £740,000 </li></ul><ul><li>Connexions £70,000 </li></ul><ul><li>Access Fund £50,000 </li></ul><ul><li>Sale of Furniture £20,000 </li></ul><ul><li>United Utilities £100,000 </li></ul><ul><li>Total £980,000 </li></ul>
  6. 9. The Management Agreement <ul><li>YHA responsible for managing the building </li></ul><ul><li>RMBC responsible for managing activity </li></ul><ul><li>Profit/loss sharing agreement </li></ul><ul><li>Legally binding three year management agreement </li></ul>

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