Unlocking Assets Group Meeting Biljana Savic

03 October 2014

The Prince’s Regeneration Trust • Founded in 1996 by HRH The Prince of Wales to help ensure that

important buildings at risk of demolition or decay are preserved, regenerated and re-used

• The Prince’s Regeneration Trust has dual charitable objects covering heritage and regeneration

• Our work focuses on places that will benefit most from the regeneration of the wider community.

Where we work

• 18 years

• Over one million square feet re-used

• 1100 jobs created

• 70 Projects

• £100M + investment secured

The Trust’s role in projects

Owner/ Partner

Social Enterprise

Community Adviser

Projects

Significant progress made in the past 12 months:

• Big Lottery grant secured in March to support the development of the fund

• Interest from a number of major funders such as Big Society Capital (BSC) and Big Lottery, with a first round pass from BSC awarded in July

• Currently in discussions with a number of private investors who will also contribute to the fund

• Currently preparing the full business plan and legal structure, aiming to launch early 2015

• We are building a pipeline of eligible projects to help shape the proposal.

PRT Community Impact Fund

Education and policy

• Sharing what we have learned

• Providing tools to those seeking to rescue heritage

• Retaining and developing craft and traditional buildings skills

• Challenging preconceptions on key issues (eg sustainability of historic buildings)

• Informing the debate

What is BRICK?

• Building Resources, Investment and Community Knowledge (BRICK) - a three year, UK wide training and mentoring programme led by The Prince’s Regeneration Trust

• Emphasis on peer to peer learning and digital and fundraising innovation

• Aimed at supporting community groups to find new ways and means to save their local heritage through innovation, collaboration and partnership

• By a major grant from The Heritage Lottery Fund Catalyst Umbrella programme

• Match funding provided by Purcell, Alan Baxter Foundation, British Land and through in-kind contributions from The Prince’s Regeneration Trust, Locality and a number of collaborators

How is BRICK funded?

What is Catalyst?

• Partnership initiative between the Heritage Lottery Fund; Department for Culture, Media & Sport and Arts Council England

• Aimed at: o encouraging more private giving to culture and

heritage o building the capacity of cultural organisations to

fundraise from private sources

BRICK work streams

• Conferences

• Workshops

• Mentoring

• Partnership brokers pilot

• BRICKwork

• One per year

• 200+ delegates each, including community, private and public sector

• Exciting venues

• Inspiring speakers

• A place to discuss the future of heritage regeneration sector

• Plenary presentations and debates + breakout sessions

• First conference held on 23 September 2014, at The Carriageworks Theatre, Leeds

• Presentations on the HLF Heritage Enterprise Scheme and the impact of digital technologies

• Panel discussions on social investment and community/private sector partnerships

• Breakout sessions on ways of increasing income and securing funding through o meanwhile uses o good design o use of digital media o community shares

• Also launch of BRICKwork and How to guide

Speakers included representatives of: • The Heritage Lottery Fund • The Cabinet Office • Purcell • Locality • Google • Social Investment Business • RBS • Igloo Regeneration • Town Centre Securities • The Prince's Foundation • Reading Room • Meanwhile Space • Denbigh Council • Leeds City Council • a number of community led projects.

• 30+ regional workshops over three years

• Exciting and inspiring locations - case studies of heritage regeneration

• Up to 40 attendees each

• Opportunity for networking and peer to peer learning

• Speakers with specialist skills in heritage / design / fundraising / communications

• Based around a programme of nine learning modules

BRICK learning modules

1. Legal foundations

2. Building your team

3. Ideas to options

4. Project development

5. Spreading the word

6. Creating change

7. Funding journey

8. Innovative financing

9. Effective fundraising

Learning module: Building your team

• Trustee roles and responsibilities

• Needs assessments and skills audits

• Recruitment and resignations

• Stakeholder mapping and engagement

• Collaboration and partnership

• Consultant procurement and writing briefs

• Recruiting and managing high quality volunteers and pro bono support

Learning module: Ideas to options

• Making the most of the heritage

• Creative ideas for old spaces

• Meanwhile use

• Market research and competitor analysis

• Statutory and non-statutory consultations

• Franchises, leases and delivery partners

• Using SWOT analysis, cost benefit analysis and multi-criteria analysis

Learning module: Project development

• Conservation statements and conservation management planning

• Securing planning consent

• Building management plans

• Activity plans and heritage interpretation

• Business planning

• Project management

• Managing risk

• Build contracts and contractors

Learning module: Spreading the word

• Selling in a sentence

• Maximising social media and digital exposure

• Press and PR

• Ambassadors and endorsements

Learning module: Creating change

• Making an impact from day one

• Outputs, outcomes and impact

• Monitoring and evaluation

Learning module: Funding journey

• Determining capital and revenue funding requirements

• Where to go for funding

• Match funding

• Project cash flows, claims and drawdowns

• Recording and reporting

• Full cost recovery

Learning module: Innovative financing

• Earned income

• Community shares

• Loans

• Social investment

• Partnering with developers

Learning module: Effective fundraising

• Donor identification, solicitation and cultivation

• Maximising gift aid

• Friends schemes

• Legacy funding

• Applications and funder criteria

• CSR sponsorship

• Community fundraising

• Crowd funding

• Online fundraising tools

• Over three years we will mentor c. 40 groups and provide 7-9 days of specialist support per group

• Examples of support that could be provided: o Business planning o Grant application advice o Governance issues o Communications strategy o Funding strategy o Options appraisal

o Apply online through PRT web site

Projects approved so far: o Leigh Spinners Mill, Leigh, North West o Brymbo Ironworks, Wrexam, Wales o Stanley Halls, Croydon, London o Clipstone Colliery, Clipstone, East Midlands o Winter Gardens, Great Yarmouth, East of England o Grainstore, Stranraer, Scotland o Craighouse Campus, Edinburgh, Scotland

• Four projects will be part of a pilot study to investigate the benefit of having a partnership broker when communities work with developers

• Report on the study to be published

• Lessons learned distributed through talks, workshops and online

• Delivered in partnership with Locality

• Projects selected so far: o Bradford Odeon o Bognor Regis Pier

Our new digital platform:

• Includes a social networking site for the regeneration / heritage sector

• Is a place to promote projects and celebrate successes; take part in online discussions; offer and get advice from professionals, search for volunteers and potential trustees; book events and hear news

• Is a repository for BRICK and other relevant resources.

Resources

• "How to... Fundraise from private sources“

• Online access to current "How to..." guides

• Webinars and masterclasses online

• Resources from all workshops and conferences shared online

• Mentors and the "menteed" will share their journeys

• Up to date advice, guidance and resources from the BRICK delivery partner network

• Capacity building and continuous support necessary to unlock community led projects, ensure long term viability and significant social and economic impact of projects

• Peer to peer learning and network as important as training and support by experts.

Conclusions

Thank you! Biljana Savic

biljana.savic@princes-regeneration.org

Web www.brick-work.org

Twitter @PrincesRegen

Facebook /PRT-BRICK