Securing sustainable funding is key to the Land Trust’s operation, enabling us to manage our sites to an agreed standard typically in perpetuity.
We receive income for each site from a range of different sources. These include:
It will depend on the landowner (client) as to which income stream, or package is identified, to meet the ‘whole life’ obligations of managing the open space in perpetuity.
We take a flexible approach to how an open space can be funded, but we only take on land which has a sustainable, long term plan. We have developed a bespoke funding model that calculates the in perpetuity costs of managing a site or portfolio of sites, to enable us to work with the client to agree a long term solution for each site.
Working closely with our Investment Partners to protect the original investment and secure a good rate of return, all funds invested for each open space are accounted for separately so that they are ring-fenced for each site.
The interest earned or annual income provides the annual site budget for each site, to ensure there is a permanent source of funding for annual maintenance. This ensures that the agreed standard of management is maintained long term.
If you think we can help you, please get in touch with our business development team.
We are absolutely committed to building great places to live and providing high quality green space is an important part of that ambition. Partnering with the Land Trust on a number of our larger developments means that these spaces will be sustainably managed
Patrick Law, Group Corporate Affairs, Director, Barratt Developments plc
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