1 minute read
Staged Development
from Beacon of Resolven
by rv_design
The Food Business Investment Scheme. Alongside the fund raising schemes proposed in Phase 2 for building retrofit the Phase 4 co-garden space is funded by the Food Business Investment Scheme. This grant is not capped and can be granted if it is proven that the grant is beneficial to the community and local economy.
Revenue Streams
Advertisement
Community space Event space
Mon - Fri 2h - 60£ (10h. work day)
Sat - Sun 2h - 80£ (14h. work day)
Income per month - 6880£
Annual income - 82 560£
*Taken from Phase 2: Strategic Proposal Report by Group 12
Theatre Cafe
Rehersal / performance space
Mon - Fri 3h - 70£ (6h. work day)
Sat - Sun 4h - 200£ (8h. work day)
Income per month - 6000£
Annual income - 72 000£
4.5£ spent per person
5 customers per hour in 10 hour working day = 225£
Income per month - 6300£
Annual income - 75 600£
Total annual income - 230 160£
The Phase 2 expenses are used as a benchmark, increased by 20% due to the larger scale of the proposal annual expenses of the Phase 4 development come to a total of 123 780£ p.a
Total annual profit - 106 380£
With an expected source of funding coming from the Food Business Investment Scheme and the already covered 360 000£ in capital gains, I presume it would take a total of 4 years to complete the works in the MWR building and further 5-6 years to repay the grants.
