relies on financially feasibility study to developing ideas viable and will identify which the make a loss. sustainable community may developments and not have capacity an implementation to deliver. plan, prior to purchase. Investigate initial revenue funding. Lack of available LOW HIGH Project cannot Build a strong funds for proceed business case, purchase & initial without highlighting the revenue. purchase fee socio-economic and early benefits that the revenue project will bring, support. to ensure funding partners are engaged. Lack of MID HIGH Community Engage community Community volunteers not as early as Volunteers to engaged and possible to make steer the project. project lacks them feel part of strategic vision the project. Offer and cohesive support through community Trust staff to planning. lighten the initial load. Appendix 6 SWOT Analysis Strengths Weaknesses Stunning Location Buildings expensive to maintain due to age and listed status Most building come with current income stream Buildings currently underused Totally unique buildings on Tiree Location currently viewed by some as “isolated” Listed status can help attract visitors Running costs are not currently met by trading income
relies on developing ideas which the community may not have capacity to deliver. financially viable and will make a loss. feasibility study to identify sustainable developments and an implementation plan, prior to purchase. Investigate initial revenue funding. Lack of available funds for purchase & initial revenue. LOW HIGH Project cannot proceed without purchase fee and early revenue support. Build a strong business case, highlighting the socio-economic benefits that the project will bring, to ensure funding partners are engaged. Lack of Community Volunteers to steer the project. MID HIGH Community volunteers not engaged and project lacks strategic vision and cohesive community planning. Engage community as early as possible to make them feel part of the project. Offer support through Trust staff to lighten the initial load. Appendix 6 SWOT Analysis Strengths Weaknesses Stunning Location Most building come with current income stream Totally unique buildings on Tiree Listed status can help attract visitors Buildings expensive to maintain due to age and listed status Buildings currently underused Location currently viewed by some as “isolated” Running costs are not currently met by trading income
Hynish-Business-Plan-final-SLF-17-09-25.docx