Message from our Chairman
The eagle-eyed amongst you will have noticed that construction of our Community Centre is proceeding at pace, with the roof going on this week, to be quickly followed by windows and doors to secure the building against the elements as we approach Winter. Completion is still on schedule for February 2020.
In the meantime, we continue to fundraise and are making excellent progress through a combination of extensive village activities and of the Council releasing some lower priority earmarked funds.
So, our latest position is that we need £150k, to complete the construction of the building and to equip it to a standard ensuring that it will be an operational success. To address this, alongside continued village activity, we have a significant number of on-going funding applications in place. The biggest is with Amey-Cespa (the re-cycling company) for £57k, and we have a further 22 applications totalling £72k residing with smaller fund providers.
However, none of the above are guaranteed sources of income and the Parish Council recognises that we need to cover any shortfall in order to avoid the worst-case scenario which would be that we have insufficient funds either to complete the construction of the new building, or to properly equip it.
So, at the October DPC meeting, the Council unanimously agreed to seek the approval of the Secretary of State for Housing, Communities and Local Government to apply for a PWLB loan for £150,000 over the borrowing period of 50 years. This will work in partnership with the £700,000 loan agreed in January from the same source.
Most importantly for the village, is to recognise that your Council Tax will not increase at all to service this new loan. This will be covered within the Community Centre Budget already established in this year’s Council Tax which will be sufficient to cover the combined cost of both loans.
It’s also important to recognise that the Loan only costs us if we call upon it. So, the more successful our fund-raising and grant application efforts are, the less we will need to borrow.
However, given the uncertainty about fund provision, DPC felt the responsible position was to take away any risk. Given this, the Resolution to Borrow £150k was unanimously agreed at the October Council meeting.
If you have any views or opinions you wish to feed-in, please complete the form below
In the meantime, when the building is nearer completion, we plan to arrange some guided tours so that you can see its amazing potential for yourself. Until then, this is best appreciated by clicking the ‘play’ button below to activate the ‘Walk Through’. This will give a real sense of the flexibility of the building and its capacity to host the wide variety of activities that the village has identified.
Many thanks for your help and encouragement thus far.
Chairman of Duxford Parish Council
To see how we got to this stage click here