leicester workshop 1 integrated capital strategies rod norton
DESCRIPTION
A presentation given at one of the National Youth Agency's regional events on the Governments new ten year youth strategy, "Aiming High for Young People".TRANSCRIPT
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Integrated Capital Strategies
Crowden Outdoor Education Centre: A Case Study
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The Financial ProblemCosts
Rebuild Cost £980,000
Income
Settlement Proposal £740,000
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The Interested Parties
• Rotherham Metropolitan Borough Council
• Youth Hostel Association
• Peak Park Planning Authority
• United Utilities PLC
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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
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The Financial SolutionCosts Rebuild Cost £980,000
Income Settlement £740,000Connexions £70,000Access Fund £50,000Sale of Furniture £20,000United Utilities £100,000Total £980,000
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The Management Agreement
• YHA responsible for managing the building
• RMBC responsible for managing activity
• Profit/loss sharing agreement
• Legally binding three year management agreement
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