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New Communities Group Webinar: Income streams for stewardship (2 part series)

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16th May : 10:00 am 11:30 am

Long-term stewardship is an approach to delivering and managing places that can ensure new communities are places which enable people and the environment to flourish, in perpetuity. It is one of the core Garden City Principles and the right approach provides an opportunity to create places which people will be proud to live in for years to come. The TCPA is holding a 2-part webinar series in partnership with Pinsent Masons, on some of the technical aspects of stewardship approaches; on governance structures and income streams for stewardship vehicles.  

For many local authorities, the financial implications of managing green infrastructure and other community assets in new development means they are not willing to adopt them directly. This has been one of the key drivers of the increasing interest in alternative stewardship models, as develops, authorities and communities explore other options.  

How to pay for long-term stewardship in new communities, and how to secure the necessary capital and revenue to sustain such services, is one of the urgent questions for all those involved in developing a stewardship strategy. The TCPA advocates a holistic model of stewardship which does not require service charges to be placed on residents. Achieving this requires a shift in approach, and commitments to stewardship far earlier in the process than is usually the case. For most developments a hybrid approach to income streams is the only option, and service charges are required, along with contributions from other sources. 

There are a range of funding opportunities, including endowments, income earned from trading, public sector funding, maintenance and service charges, charitable funding, and loans and equity finance. The right opportunity will be informed by a range of factors – from the Council’s principal perspective on a funding model for stewardship, to the viability calculations of the master developer. But how do you balance the needs of different stakeholders and determine the right approach? How do you calculate the costs of looking after assets in the first place? What are the pros and cons of different approaches?  

This session will draw on the TCPA’s guidance on long-term stewardship and the legal perspective from our event partners Pinsent Masons. We will learn emerging lessons from public and private sector organisations who are implementing new stewardship approaches.  

£54.00

This event is kindly supported by:

Please see the draft agenda below:

10:00Welcome and introduction from the Chair 
Katy Lock MRTPI, Director, Communities (FJ Osborn Fellow), TCPA
10:05Paying for long-term stewardship – an introduction 
Mark Patchett, Managing Director, Community Stewardship Solutions
10:20Legal considerations for income streams and the Data Trusts opportunity 
Richard Ford, Partner, Pinsent Masons
10:35Q&A
10:50Financing Community Trust stewardship at Whitehill & Bordon
Clare Chester, Director of Regeneration and Prosperity, East Hampshire District Council
11:00Financing stewardship at North Hamilton and Northstowe
Robin Waddell, Business Development Director, Greenbelt Group
11:10Q&A 
11:30Session close

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If you have any questions about the event, please contact Abi at abigail.grove-white@tcpa.org.uk