These are just a few of the types of projects we work on…
Sporting Assets is providing a range of bespoke services that include project management support, devising and implementing strategic development plans and finding the funding. We have so far raised £850,000 to finance a 3G pitch, which was built in 2015 and is now operational. That included ￡200,000 raised by a Community Share Offer, with subscribers receiving 30% tax relief on their investment. In addition to this we secured Lewes FC a ￡63,000 feasibility grant meaning the club did not have to pay for a significant amount of our support.
We are now working with Lewes FC on the next phase; a multi-functional clubhouse with a community café, which will be a delivery point for many new and innovative local services. The project is expected to cost approximately £1.1m, which will be funded by a blend of grants and social investment. Funding has been received from Big Potential for Sporting Assets and partners to work with Lewes FC on this stage.
Go on a Saturday morning and you’ll see a hive of activity with youngsters from across Birmingham playing competitive basketball, under the expert eye of coach Rob Palmer and an army of volunteers, often parents who have gotten involved from the sidelines after coming to watch their children. One of their supporters is NBA Legend Hakeem ‘The Dream’ Olajuwon! The club is proud of their track record in getting some of their players into university, often in the US on a sports scholarship. They also do outreach work in clubs across the city as well as summer camps.
COBBC is now looking to the future and aims to have more paid staff to help deliver impact for a number of partners, such as those working in health and education, as well as to give people of all ages and abilities the chance to play basketball. Sporting Assets is working with them to research and plan that future as part of a lottery funded Big Potential project. Watch this space.
The objective of this ongoing project is to enable the ELFDA to undertake a community asset transfer and restore 9 football pitches on playing fields transferred from their Local Authority. The site will become a local junior football hub and allow the ELDFA to become a strategic lead for amateur football in the area. Sporting Assets role was to investigate the proposed asset transfer via a feasibility study, which was approved by all stakeholders. The initial completed feasibility study was a unique and innovative partnership between Blackburn with Darwen Council, Lancashire County Football Association, the Blackburn Rovers Supporters’ Trust and the ELFDA.
Sporting Assets has now secured £450,000 in development and capital funding to restore the football pitches, and works commenced in March 2016 with an estimated finish date of June 2016. Sporting Assets is now working on a community share offer to finance the football equipment and pitch maintenance machinery, which will enable ELFDA to operate as a sustainable business and keep the pitches maintained to an excellent standard for years to come.
This review focused on the governance and relationship between local areas and Head Office, operational management and financial sustainability including future investment models and maximising the sites’ contribution to BC’s new 5 year strategy including on participation. Collaborative work between the Sporting Assets team and that at British Canoeing meant we were able to complement each others skills and knowledge.
Ben Seal, Places to Paddle Manager at BC said: “Sporting Assets were able to offer innovative options on social investment, building on what we had already. They worked with us to understand our organisation and added real value in a supportive and collaborative way.”
The Friends of Tynemouth Outdoor Pool are a charity set up in 2012 to regenerate the pool and turn it into a sustainable business. They are aiming to raise £5.5m to regenerate the pool alongside facilities such as a community space, café and gym.
Sporting Assets and Community Shares Company will work together to develop a community share issue and financing mix to fund the project, delivering strategic support, community engagement and securing social investment along the way. Community shares are expected to fund £1m of the project cost, and will be launched in late 2016.
Sporting Assets, with Substance, are providing business development advice along with Impact Measurement development and implementation. We are supporting them with the consolidation of their business after recent growth, reviewing their financial management as well as helping them enhance their social impact by the identification of new engagement programmes and public sector commissioning opportunities for their youth work.