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Ways To Raise Funding / Re: Comments on the new hangar plans!
« Last post by Sad Sam on January 18, 2018, 09:23:55 PM »
 ;D ;D ;D
Ways To Raise Funding / Re: Comments on the new hangar plans!
« Last post by ascot5046 on January 17, 2018, 10:26:43 PM »
Anyone know if Carillion were involved?
Ways To Raise Funding / Re: Comments on the new hangar plans!
« Last post by Sad Sam on January 13, 2018, 08:28:26 PM »
Interesting article...

So we finally know the names of the "Specialist Consultants" who have carried out the work for the trust (which we were initially told was carried out last year)  Not being picky but looking at the websites of those companies there is no mention of any aviation related projects.  I know there is not a lot of development going on in the industry at the moment but surely the trust could have tied in with someone with experience in this field.  Still they have built lots of shops and student accommodation so that should be ok.

Nice to see that Dave Dixon of the RG group appreciates the appeal 558 had across the country - wonder if the trust will try and re-engage with that level of support (now they need to raise £3m)...

On the subject of £3million - where did the extra £200k come from as I'm sure in the summer the cost was £280k (I guess that will be the wage bill for the next year)

Nice to know the well tested business plan will enable the new building to open in the spring of 2019 (as opposed to spring 2018 as promised in February 2017)  There may well be over 6 million people living within one hour of driving but how many of them will want to go to a party in a sewage farm?

I think the trusts best bet is if one of their long term supporters decides they have put so much in so far they may as well pay for a permanent home for 558.  They may get lucky and get a few big legacies come in - that should help with the wage bill at least.

Once the hangar is built they can get on with the plan to get 163 back in the air (but from experience they are more likely to start planning a series of parties and benefit concerts) probably won't bother though as there is no mention of 163 apart from a vague mention of utilizing examples of Britain’s valuable aeronautical and engineering achievements.

I know it's only an artists impression (which I first saw on a laptop in hangar 3 a year ago - have they no more up to date stuff?) but where do they intend to park 163 and the Swift?  Still no sign of the stores or workshops.

Yes I'm bitter.  It seems to me that nothing had been done until we were all laid off - and what has been done has occurred at a snails pace.  The supporters have been kept in the dark and only now is there any information coming to light.  I guess the next thing will be the appeal for funds (bet there will be no threat to lay off the remaining staff unless they can raise the funds)  Think I need to contact the bank to increase my monthly standing order...

Ways To Raise Funding / Re: Comments on the new hangar plans!
« Last post by PaulH2015 on January 13, 2018, 03:37:18 PM »
So is this The Vulcan Aviation Academy and Heritage Centre of 2015?  ETNA?  Or the interim hanger of 2017?

My understanding with the interim is that it would be funded by the developers and leased by the trust.  This seems to be dependant on the Trust raining £3M.
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?
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.
As I posted on UKAR, with regards the 'Founding Guardians'....

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.
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.
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."

Link to newspaper article.
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