Title :: Self Implemented Projects

Programme :: Self Implemented Programme

Commenced :: August 2003

Value :: £32,314.40

Measure :: 3.1 Local Economic Initiatives for Developing the Social Economy

Aim :: To help better inform the board as to projects suitability for funding.

Overview ::
On a number of occasions The Bridge Partnership made a self-application to fund pieces of work essential to other projects in our action plan which could not be funded elsewhere. On two occasions we funded economic appraisals, these allowed us to ensure the viability of projects applying for large amounts of money. We have also funded a legal mortgage for our only capital build project.

Objectives ::

• Economic Appraisals
  To carry out a full green book appraisal on a proposed project. The appraisal should look at various options and make recommendations as to the viability of the overall project.
• Legal Mortgage
  To draw up a legal mortgage / legal charge on a property so that The Bridge Partnership can claim back monies if the building is sold or the group go bankrupt within a set timeframe.

Outputs ::

• Economic Appraisals
  Full Green Book Appraisal completed within timeframe and required number of copies delivered to The Bridge Partnership.
• Legal Mortgage
  Legal Mortgage to be drawn up between The Bridge Partnership and Project Promoters’ solicitors. This must be signed and completed to fulfill the requirements of the Letter of Offer.

Quote ::
Economic appraisals are a crucial part of our assessment process for large projects. They give the Board an expert opinion on a project’s viability and allow us to make an informed decision as to its suitability for funding. Mr. John Dawson Chairperson, The Bridge Partnership

Contact ::
Elaine Gillespie
Acting Programme Manager, The Bridge Partnership
T: 028 40 660 644
E: info@bridgepartnership.org.uk