Why form a Development Trust for Whitley Bay?
• The Trust identifies a need in the town — for instance the need for start-up units — then identifies suitable empty properties. • The Trust then raises the funds, through a mix of loans, grants and share income from members, to purchase and • refurbish the appropriate property. • The acquisition and refurbishment of the property is completed efficiently and cost-effectively. • The Trust has a pipeline of new projects. • The Trust uses local businesses and suppliers whenever possible.
