RI-13-CS-Netherton Community Centre.pdf

RI-13-CS-Netherton Community Centre.pdf - page 1/3 - Netherton Community Centre

Netherton Community Centre

RI-13-CS-Netherton Community Centre.pdf - page 2/3 - The small amount of financial support fr…

The small amount of financial support from the local authority equates to around �700, which the business generally puts towards building and maintenance costs. Although NCC envisage this funding to decrease or even cease altogether, the business is not concerned. Unlike other community centres supported by the local council, who depend on financial support of up to �50,000 a year, NCC has developed a robust business plan that is not dependent on grants. Alternatively, when the business has needed to raise capital in the past, it has sourced bank loans with 0% interest. For example, NCC borrowed �4,000 from the bank to pay for a new kitchen facility and with 0% interest, the income generated as a result of the new kitchen, i.e. additional room hires and parties, more than covered the repayment of the loan. Nonetheless, NCC has received some grant funding previously, which has been invested in capital schemes, rather than paying for running costs, which subsequently contributed to its longer-term sustainability. For example, around five years ago the centre was successful in gaining grant funding from Community First. This funding was invested in a marquee that is still in use and disabled toilet renovations, which has expanded the demographic of users accessing the centre.

RI-13-CS-Netherton Community Centre.pdf - page 3/3 - the director contacted someone who could…

the director contacted someone who could help. In the past, this has facilitated further work for NCC as these clients have come back with other opportunities that the centre can benefit from.