2007 Fiscal Year Final Research Report Summary
Research on Self-financing Process of Development Mist in Britain
| Project/Area Number |
17560557
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| Research Category |
Grant-in-Aid for Scientific Research (C)
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| Allocation Type | Single-year Grants |
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| Section | 一般 |
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| Research Field |
Town planning/Architectural planning
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| Research Institution | Tokyo Denki University |
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Principal Investigator |
NISHIYAMA Yasuo Tokyo Denki University, School of Science and Technology for Future Life, Professor (10024332)
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| Project Period (FY) |
2005 – 2007
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| Keywords | Develonment Trust / Social Enternrise / Asset Management |
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| Research Abstract |
Recently in Britain, number of Development trust (machizukurijigyohtai) is increasing rapidly in inner areas of large cities. It is important how to keep self-financing of Development trust to provide environmental improvement, social welfare services and job creation activities in a stable conditions.
In this study, we pick up two examples, to say Westway Development Trust in London and Eldonian Development Trust in Liverpool. Westway Development Trust is early good example to attain self-financing successfully, which manages the linear space under the lifted urban motorway. In the early stage, local government helped Westway Development Trust to borrow the lifted space for long term from Greater London Council. Then in the second stage also local government supported financially to construct each facilities based upon ten years business plan. In 2000, by the support of lottery fund sports centre facilities were improved to be more attractive. So in every three important stages, public
… More
body gave financial support to attain self-financing.
Second case is Eldonian Development Trust in inner Liverpool, which is social housing area for working class people. Comparing with commercial and industrial sites, it is difficult to make profit by managing residential sites. In case of Eldonian Development Trust, at first main income of Trust was from rent of social housing, then in the next stage community facilities were managed in a income-outcome balance condition. Also now Trust tries income-generation by managing business arm outside the Trust.
In the concluding remarks we discuss asset management as a key element for attaining self-financing. In the chapter 3, we analyze six Development, Trusts including Westway Development Trust and Eldonian Development Trust, focusing on park management and sports facilities management. Producing wealth by community effort for community and accumulating wealth in the community is a slogan of Development Trust Association and they call this as enterprising community in a another word. Less
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Research Products
(2 results)
