Capital Funding LEP / May be in May be more No N/A Yes Central Government future palatable as part of contribution a wider solution (Grant Non Repayable) – Capital Funding Yes more info NCC may guard this ? ? ? – – Bridge Estate needed closely Prudential Borrowing Good Yes Likely to be Yes Only likely to be an issue viable if debt service can be sustained see – following table Would need No Likely to be Potentially - Other sources likely Levies amendment/ an issue through RBC to be more fruitful establishing Public Private Dependent No but see Can be Probably not Little funder on risk/ comments sculpted appetite without LA Partnership returns take some risk Figure 11: Evaluation of Funding Options The table above identifies a number of options that could be pursued in order to provide an overall funding package. Many of the options assume repayment and in order for these to be viable (assuming debt service cannot be met from existing budgets), it will be important to assess potential ways in which the project would increase revenues to support debt repayment. The following table sets out our initial; assessment of where such additional income may come from: Repayment Method / Sufficiency Likelihood Timing Pursue Comment Attribute New Homes Bonus No Excellent Will end before No but monitor Limited life means – end of debt unlikely to be repayment sufficient Retained Business May be over Potential - to Likely to require Yes through Would require – time through be investment to Colwick Industrial Rates LEP facilitate Estate to be arbitrage discussed and as an EZ development Bridge Estate Yes more info NCC may guard this ? ? OK – Operational Surplus needed closely Increased Revenue No Small After Probably not Increased revenue potential investment will be consequential and therefore difficult
Capital Funding LEP / Central Government contribution (Grant – Non Repayable) May be in future No N/A Yes May be more palatable as part of a wider solution Capital Funding – Bridge Estate ? ? ? Yes – more info needed NCC may guard this closely Prudential Borrowing Good Yes Likely to be an issue Yes Only likely to be viable if debt service can be sustained – see following table Levies Would need amendment/ establishing No Likely to be an issue Potentially - through RBC Other sources likely to be more fruitful Public Private Partnership Dependent on risk/ returns No but see comments Can be sculpted Probably not Little funder appetite without LA take some risk Figure 11: Evaluation of Funding Options The table above identifies a number of options that could be pursued in order to provide an overall funding package. Many of the options assume repayment and in order for these to be viable (assuming debt service cannot be met from existing budgets), it will be important to assess potential ways in which the project would increase revenues to support debt repayment. The following table sets out our initial; assessment of where such additional income may come from: Repayment Method / Attribute Sufficiency Likelihood Timing Pursue Comment New Homes Bonus No Excellent Will end before end of debt repayment No – but monitor Limited life means unlikely to be sufficient Retained Business Rates May be over time through arbitrage Potential - to be discussed Likely to require investment to facilitate and development Yes – through LEP Would require Colwick Industrial Estate to be as an EZ Bridge Estate Operational Surplus ? ? OK Yes – more info needed NCC may guard this closely Increased Revenue No Small potential After investment Probably not Increased revenue will be consequential and therefore difficult