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41
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.
42
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.
43
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.
44
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
45
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  >:(
47
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
48
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.
49
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.
50
Ways To Raise Funding / Re: Funding the new hangar - how?
« Last post by sickbag_andy on December 22, 2017, 08:17:49 AM »
Permission has been GRANTED today for the hangar.
http://planning.doncaster.gov.uk/online-applications/applicationDetails.do?activeTab=summary&keyVal=OW61G9FXJRD00

I think that was to be expected so does it change the situation much?

Will a site with planning permission be any more attractive to a prospective investor?  - possibly but also possibly a predatory one who foresees the Trust not having the funds for lease costs before very long and thus gains a complete hangar in a fairly short space of time.

and Richard Clarke in that statement quoted by Minty on October 12th said(re-quoting):
"Vulcan to the Sky Trust spokesman Richard Clarke said the scheme would not be able to move forwards until an investor was in place, and the trust was currently actively looking for that investor.

The trust is also currently raising funds from the public towards the costs.

He said: "We would like to think when planning permission comes forward we could move forward as soon as possible. That is the aspiration and we wanted to start the ball rolling by putting the planning application in..

"We would like to be looking at starting next year, but it is difficult to put a date on it.."


so nothing happens before
1: they find an investor, - that's apparently not proving easy so no movement on that front for now?

2:currently raising funds from the public towards costs - expect a massive campaign soon - 'we need your money NOW or 558 will be stuck outside for years' and an unstated aim 'more importantly we have salaries to pay'

3: planning permission is now granted so a bit like Brexit the clock is ticking. Planning approvals normally have a time limit before commencement of 5 years so maybe it would actually have been better to wait until they have an investor rather than watching the clock tick down and after 5 years with no investor the money spent on the application will be wasted.
They could of course turn the first sod (which sod would you prefer?) and claim it's started. Just imagine the PR opportunity there, great fanfare and sell tickets to come and watch that sod turning at £200 a time while the breeze wafts across the sewage works bringing that sweet smell of success with it while 558 coughs her guts up in the background! And afterwards leave it until the money materialises and the 'cum volare porcos' aerobatic team perform that inaugural display over the new hangar!

4: an aspiration but for 2018 to be realistic they should have had an investor on board by now, the planning (project planning that is), detailed design and contracts between trust and investor have to be finalised and then find a suitable contractor to build it, and I don't think this guy would be suitable: https://www.youtube.com/watch?v=O4X_bdJox8w
so apart from having permission to build they really aren't that much further forward.

5: i.e.  the unstated 5: in the meantime they need to find an even more generous investor for ETNA and raise their own funds for that so how is that progressing, if at all?

I'm afraid I just can't be optomistic re 558 being under permanent fixed cover by January 1st 2019 and it's all a great shame, a case of not cutting one's coat according to one's cloth unfortunately.
So sad and may I suggest naive as well.
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