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Ways To Raise Funding / Re: Comments on the new hangar plans!
« Last post by sickbag_andy on December 24, 2017, 09:01:14 AM »
A question - do the Trust own the site of the proposed hangar or do Doncaster airport own it? and as a follow on from that is that planning permission owned by the site owner or the tenant?

If it's the owner, what's to stop them developing the hangar themselves rather than the Trust albeit funded by a knight in shining armour stuffed with wads of readies? Surely the airport will see that planning approval as a long term asset for expansion and if the Trust don't get their sponsor fairly quickly will the airport say ' you've had enough time and can't demonstrate any ability to build this hangar' and take the development on themselves with no offer to the Trust of medium term use?

Could it be that the airport supported this because they saw an opportunity to get planning approval where the sentimental appeal of the Vulcan being housed was a help in swaying the planners whereas it would have been more difficult without in the knowledge that at best after 10 years the Trust would vacate, the owner would be paying rent to the airport and bringing in business and at worst if the Trust fails then they have a site with approval for development that they can offer on the open market without the attached strings of the Trust, and of course that approval all gained at someone else's cost?
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Thanks Clive, I obviously don't know the figures so can't help on that one.

I expect a lot of those who joined the first year were tempted by the various carrots that were dangled and a sense of loyalty, after all a large majority voted to allow the club to disband and together with it's assets/funds be integrated into the Trust's scheme. Equally I expect that some of them will not renew after the first year; some through apathy (not seeing anything much happen that interests them) or disillusionment (carrots fed to the cash cow - or donkey instead), the former is probably normal for any group of this kind where initial enthusiasm quickly wanes amongst a less interested portion of the membership. I'm sure there will be a significant drop in numbers after the first year though

That in itself is concerning as once the stock has all been auctioned off to meet the bills what will be left for the income stream? I suppose the stores will no longer be needed so they can stop renting that and then questions about the need for the staff that man it will undoubtedly come to the fore so some potential savings there but there doesn't appear to be any plan B to even maintain the income levels let alone increase it to sustain the rental of the hangar unless that elusive investor /sponsor comes along and despite the massive public appeal of 558 while she was flying that never materialised so with far less public exposure/appeal what are the chances of that sponsor suddenly appearing now? It's only likely if there's a substantial financial advantage in owning a hangar at Doncaster airport rather than desire to support the Vulcan in my opinion.
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As I posted on UKAR, with regards the 'Founding Guardians'....

Quote
I saw the following ( from May this year)...
There were somewhere around 2,200 Club Members who joined the 'FG' scheme when the VTTS Club was binned -- that's less than half the people who were Club Members at the time.
Some have left since then, others on the Forum are saying they'll not be renewing their membership.
If the membership's still £21, that's a total income of just over £46k ...... not a lot compared to what the Club Membership and the various fundraising schemes & Club shop used to bring in.
You could say that it probably pays less than 2 peoples' wages. >:D

Happy to be corrected on those figures if anyone's got more accurate ones.

And no, unless they suddenly find another mystery benefactor I don't see it happening.
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well looking at my summary at the start of this topic if the current and next years income matches 2016's £550k ish excluding legacies (who is likely to leave a legacy that is going to be frittered away on wages and a few overheads now?), even if the Trust has slashed the expenditure from the £850k of 2016 by 75% that would only leave around £300k surplus and that's assuming donations have stayed the same (I bet they have dropped).
So unless they get an investor at £300k a year that's going to take 10 years to get the £3 million to build this new interim hangar so surely they might as well wait and go straight to ETNA in 10 years time and save the money.

I really don't see how this hangar is going to happen at all I'm afraid, somebody please convince me I'm wrong.
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Ways To Raise Funding / Re: Comments on the new hangar plans!
« Last post by minty4371 on December 23, 2017, 10:29:13 AM »
This from the newsletter.
"Now that planning permission has been secured, exciting but challenging developments are ahead as we raise the financial backing for the hangar development, but as ever, with the support of an enthusiastic volunteer and supporter base, we remain most positive. We are presently planning 2018 and beyond in the expectation of a very bright future for aviation heritage and engineering inspiration."
https://mxm.mxmfb.com/rsps/m/eGhtN-5W9XiCq03l86TFx8vqABj-DIm8QstU6jBSQIU

Link to newspaper article.
https://www.doncasterfreepress.co.uk/news/green-light-for-vulcan-bomber-tourist-attraction-proposals-near-doncaster-airport-1-8923625
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Ways To Raise Funding / Re: Comments on the new hangar plans!
« Last post by ADI on December 22, 2017, 10:36:17 PM »
the trust are only interested in money. pitty they don't read there forum to see the supporters concerns are, it might be worth a few more quid for them  >:(
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Ways To Raise Funding / Re: Funding the new hangar - how?
« Last post by minty4371 on December 22, 2017, 05:32:38 PM »
This from today's newsletter.
"Now that planning permission has been secured, exciting but challenging developments are ahead as we raise the financial backing for the hangar development, but as ever, with the support of an enthusiastic volunteer and supporter base, we remain most positive. We are presently planning 2018 and beyond in the expectation of a very bright future for aviation heritage and engineering inspiration."
https://mxm.mxmfb.com/rsps/m/eGhtN-5W9XiCq03l86TFx8vqABj-DIm8QstU6jBSQIU
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Ways To Raise Funding / Re: Funding the new hangar - how?
« Last post by minty4371 on December 22, 2017, 02:21:55 PM »
Thank you Andy.
Will wait for the newsletter tonight for possible further news.
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Ways To Raise Funding / Re: Funding the new hangar - how?
« Last post by dee on December 22, 2017, 10:01:06 AM »
All very well put Andy.
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