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partnerships:azp:what [2017/06/12 10:20] (current)
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 +What is a development trust?
 +============================
 +
 +Development trusts are a particular type of partnership organisation one
 +that offers benefits to the local community and has advantages for many
 +public bodies, non-profit agencies and funders.
 +
 +The Development Trusts Association estimates that there are well in
 +excess of 150 Development Trusts in England and Wales, with many similar
 +organisations in Scotland, and in Northern Ireland.
 +
 +While there is no one model for Development Trusts, they do have common
 +characteristics of being concerned with the regeneration of an area, not
 +for private gain, aiming for long term sustainability,​ and community
 +based and accountable.
 +
 +Trusts offer considerable benefits. However, for trusts to be
 +successful, they require a well planned start up process and
 +considerable support during their early years.
 +
 +-   The Guide to Development Trusts and Partnerships describes how to
 +    set up trusts
 +-   A set of [information sheets](sheets.html) provide more detail, and
 +    describe the competences those involved will need.
 +
 +What trusts do
 +--------------
 +
 +The Development Trusts Association,​ in its introduction to trusts, says:
 +
 +> '​Because they respond to local needs no two Development Trusts are
 +> alike, and because they recognise that to regenerate a community means
 +> adopting a comprehensive approach they are involved in a wide range of
 +> activities.'​
 +
 +Trusts are engaged in a wide range of economic, social and environmental
 +regenereation,​ ranging from the development and restoration of property
 +to advice and training. For example:
 +
 +### To promote and support economic activity they
 +
 +-   ​develop and manage workspace for small and medium sized businesses
 +-   ​provide office space, shops and market areas, and give business
 +    advice
 +-   run job and training schemes
 +-   ​promote tourism and encourage inward investment
 +
 +### To improve the local environment they
 +
 +-   ​improve and develop derelict land
 +-   ​regenerate and manage public open space
 +-   carry out local improvement schemes and restore buildings
 +-   do education work with schools
 +
 +### To improve local services and amenities they
 +
 +-   ​develop and run sports and recreation facilities
 +-   ​manage community centres and provide community offices
 +-   ​promote local heritage
 +-   run play schemes and child care centres
 +-   ​develop low cost housing
 +-   ​support community development
 +
 +'Many develop a land or property base which can earn them income. Some
 +specialise and others are diversifying. But all are providing local
 +solutions to local need. They have proven themselves to be innovative,
 +responsive, business-like,​ professional and effective.'​
 +
 +The structure of development trusts
 +-----------------------------------
 +
 +A development trust is usually a company limited by guarantee with
 +charitable status. Profits cannot be distributed to members, but must be
 +used for the further benefit of the local community. The membership of a
 +trust is drawn from a geographically-defined area; members may be both
 +individuals and organisations or just organisations. See the
 +[Constitution](constit.html) sheet for more information.
 +
 +The board of a Trust is made up of representatives from the public,
 +voluntary/​community and private sectors; these (along with individuals
 +and additional funders if appropriate) may be elected from '​voting
 +sections'​ of the membership.
 +
 +The board is the policy-making body, and is unpaid; paid staff may be
 +employed to carry out the day-to-day operations of the trust. A Trust
 +may set up subsidiary organisations to further its objectives, for
 +example trading companies whose profits are covenanted back to the
 +trust.
 +
 +Funding
 +-------
 +
 +A Trust would expect to obtain revenue to fund its operations and
 +activities both from grant income and trading income. Core funding (for
 +staff and running costs), particularly in its first few years, might
 +come from a variety of public sector sources. Private sector sponsorship
 +might be obtained, including help in kind such as secondments.
 +Charitable funding could be sought for specific projects. The [Financial
 +sustainability](fin) sheet provides more information.
 +
 +© David Wilcox \<​david@partnerships.org.uk\>​. Tel +44 (0)1273
 +677377.This information sheet may be freely distributed with this
 +attribution.
 +
  
partnerships/azp/what.txt · Last modified: 2017/06/12 10:20 (external edit)