Integrated Capital Strategies
Crowden Outdoor Education Centre: A Case Study
The Financial ProblemCosts
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
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
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
The Management Agreement
• YHA responsible for managing the building
• RMBC responsible for managing activity
• Profit/loss sharing agreement
• Legally binding three year management agreement