Developing the model
From Autumn 2016 to Spring 2017, Newcastle City Council worked with Social Finance to develop a financial model to scope out the potential of a charitable trust to care for the parks portfolio. The Financial report produced by Social Finance can be found in the resources section below. More information on the process used to develop a financial model can be found in Creating a financial model.
In July 2017, Newcastle City Council sought a political cabinet decision for agreement in principle (subject to a satisfactory business case) to the concept of setting up a charity to care for the city’s parks estate, and an approval to proceed with further detailed planning, acting on the findings of the consultation and co-design process. The Cabinet report which was given approval can be found in the resources section below, together with the Cabinet report background papers.
The council’s portfolio holder reported the decision in a Facebook video.
At the same time, the National Trust helped Newcastle City Council establish a short term Advisory Group (or ‘Check and Challenge’ Group), to act as a critical friend for the Council in carrying out further detailed planning, and to represent the would-be charity, and the parks themselves.