News
Cornwall Leisure centre celebrates refurbishment
Date:
26/02/2007
- Category:
Leisure
LUX Parl Leisure Centre in Cornwall is celebrating the completion of the first phase of its refurbishment with the re-opening of its gym.
Public Sector Finance
Summit Leisure Solutions Provides Local Authorities and Leisure Trusts' with a number of services aimed at supplying leisure equipment and facilities to the local community.
Public Sector leisure facilities face constant competition from private establishments and need to compete at all levels, providing a high standard of service to the community. Local Authorities face an under ever-growing demand from the general public to provide modernised leisure facilities for all members of the general public.
Recognising the increasing demand for more sporting and leisure facilities that reflect the diversity of needs of all members of the local community, SLS can offer Local Authorities an affordable Leisure Facility Development Partnership solution that can be tailored to an individual Authority's requirements to include all aspects of the project. This type of facility is compliant with the Prudential borrowing regulations.
The range of advisory and funding services that SLS can provide includes:
- Operating Leases
- Tailored, flexible financing and funding options to overcome capital budget constraints
- Sales and Marketing plans to increase membership rates
- Facility branding
- Conventional & Modular Buildings
- Sales and Marketing plans to increase membership rates
- Shared Income schemes
- Complete Open Book solutions
- Disposal advice and management
Summit Leisure Solutions believes that the Prudential Code is paving the way for significantly improved Local Authority asset management. The move away from legislative controls, towards self-regulation, offers Authorities the opportunity to undertake their capital investment decisions on a much more transparent Value for Money basis, rather than decisions potentially being influenced by the method of financing of capital investment.
TThe Prudential Code recognises that in making its decisions on undertaking capital investment, Authorities must have explicit regard to the following matters:
- Affordability, e.g. implications for Council Tax and Council housing rents
- Prudence and Sustainability, e.g. implications for external borrowing.
- Value for Money, e.g. option appraisal
- Stewardship of Assets, e.g. asset management planning.
- Service Objectives, e.g. strategic planning for the authority.
- Practicality, e.g. achievability of the forward plan.
Nick Raysford - Local Government Minister Quote 18th September 2003
"I welcome the legislation, which allows us to launch the prudential system as planned on 1st April 2004. It greatly extends authorities' freedom to obtain capital assets through borrowing and LEASING. This means improved services and better quality of life for local communities"