Presentation made at an event hosted by Plymouth Culture Board, and supported by the University of Plymouth, Plymouth City Council and the Plymouth Chamber of Commerce, Thursday October 7, 2010. The theme of the presentation: what society and the economy wants and needs from culture and urban development is changing. In the context of the Government policy programme in the U.K. called 'Big Society', different values and emphases are now coming in to play. Three examples are given of urban renewal projects at different urban scales that express some of these new values and some of their economic impacts outlined.
30. statistics
• Cost of implementation to date $43m (£27m)
• 25,000+ visitors/day
• At least 12 development projects have started
adjacent to the track
• Whitney Museum of Art (Downtown branch)
• $15 (£9) High Line Picnic Baskets
49. statistics
• initial working capital: £70k (CABE) and £100k (Channel 4)
• 11 capital public realm improvement projects (9 completed)
• parallel events programme: social, economic and cultural
activity (£30k)
• stakeholder partnership (1), community partnership (1), funding
partnership (1), new community groups (3), existing community
groups (6)
• Project start (2003): first completion (2005): last project (2008)
• total expenditure £9m (Capital), £2m (in kind est.) in five years
• credited as critical to leveraging £270m in plans for additional
public and private expenditure in town
• Second phase of some projects now under way/complete
58. key start-up costs
• Rental guarantee
• Refurbishment of premises
• Staffing (General Manager)
• Donated/reclaimed fixtures, fittings &
equipment - 35% of total cost
• Pro-bono professional services - 25%
59. ‘Hybrid-funded’
social enterprise
• Local Government - 11%
• Charity - 6%
• Philanthropy - 79%
• Membership revenue (Yr 1) - 2%
• Other - 2%
60. business partners
• London Borough of Camden
• Development Trusts Association
• Esmee Fairbairn Foundation
• Channel 4 Television/Wall to Wall
• Social Enterprise London
• Camden Volunteer Centre
• The Plunkett Foundation
• Transition Bloomsbury
• Several local residents’ associations
61. performance to date
(100 days):
• attracted over 280 members
• saved members £17,000 on their shopping bills
• serving over 3000 customers/week
• estimated break-even point, end November 2010
• turnover projected to top £1.3 million by end of Yr1
• employed 20 previously-unemployed people