About this event
This event will enable participants to think creatively about financing community buildings, and to understand and plan for sustainability and legacy
Who is this for?
It is for people in Big Local areas who want to:
- Take on a community building as part of Big Local
- Understand how to plan for making the building sustainable
- Learn about other sources of finance for community buildings
As some Big Local areas are moving into year 5 of delivering their plans, more areas are considering taking on a building that will be part of their Big Local legacy. But the buildings will need to earn income to keep going beyond year 10 of Big Local. So the questions covered will include:
How can Big Local partnerships make plans to ensure that they will be taking on an asset for the community – and not a liability?
Can other funding be used for the purchase and could some of it be borrowed from a social lender?
Contributors to this event will include Niamh Goggin from Small Change, who has provided guidance to several Big Local areas thinking of taking on buildings, and Peter Hughes, from Charity Bank, who will talk about what lenders will want to know about your plans if you’re borrowing to finance a community building.
Arrival and coffee
Welcome and introductions
Introduction: Why do you want a community building?
Discussion to explore the reasons for taking on a building – the benefits and potential risks, and what can be done to avoid the pitfalls
Experiences from other Big Local areas
Niamh Goggin, Small Change
Sources of finance
Raising ‘capital’ finance, the role of grants and loans
The lender’s perspective
Peter Hughes, Charity Bank
What a sustainable community building looks like, and what evidence you would need to produce on finances, governance and social impact to borrow from a social lender
How to test for and evidence sustainability
Group work on market research, consultation and testing the market
Feedback, summary and evaluation
More about this event
The event is free for anyone who lives or works in a Big Local area and we will provide lunch. We also provide financial support for travel, childcare and other care costs to residents in Big Local areas. We can also book and pay for travel in advance. For information on expenses and support, please contact Maria Petterson by email Maria.Petterson@localtrust.org.uk or phone 020 3588 0578
If you are attending a Big Local event as part of your paid work/employment then we ask that your employer cover your expenses. However, we can pay or contribute towards worker’s expenses in exceptional circumstances. Please ask when booking for further information.
Interested in participating? Want more information?
This event is being organised for Local Trust by Big Local rep, Nicki Stevenson. There are a maximum of 35 places available. To ensure as many areas can take part as possible we are initially limiting places to three per area. To book a place or if you have any questions please contact Nicky Stevenson on 0798 903 6661 or firstname.lastname@example.org