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townsend.co.uk

http://www.townsend.co.uk. WELCOME 19 th June 2013. Townsend Enterprise Park Ltd is registered as a company limited by guarantee in Northern Ireland (No 20329) and is registered as a charity for tax purposes with the Inland Revenue (No XR 93502).

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townsend.co.uk

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  1. http://www.townsend.co.uk

  2. WELCOME 19th June 2013

  3. Townsend Enterprise Park Ltd is registered as a company limited by guarantee in Northern Ireland (No 20329) and is registered as a charity for tax purposes with the Inland Revenue (No XR 93502). All Directors of Townsend Enterprise Park Ltd are unpaid volunteers The objectives of the company are: “..to encourage the development of small and medium sized businesses in this community thereby creating employment and providing a focus for the social and economic regeneration”

  4. Key characteristics of the Townsend Project1987 - 2013 • A neutral working environment • Good business = jobs = prosperity = stability • Common bond at Board level – reinvestment of time, skills and expertise • Long term strategy • Strong community ethos • No barriers to discussion, involvement or action • Collective responsibility

  5. Our Organisation... Chairman John Palmer Board of 11 voluntary members BusinessDevelopment &Property Sub Committee Finance &Personnel Sub Committee

  6. The Park - so far... • 1986 : TeP formed to acquire Park from IDB • 1987 : Bus Plan agreed and Finance sourced • 1988 : Phase 1 Building constructed • 1989 : Phase 1 fully let • 1993 : Phase 2 planned

  7. The Park – Phase 2

  8. The Park – Phase 2 Cargill Street Development

  9. The Park – Phase 2 1995 : Phase 2 building commenced 1996 : Phase 2 ready for business

  10. The Park – Phase 2 1987 - 5 Companies in small IDB units - 30 people employed 1989 - 10 Companies on site - 100 people employed 1994 - 26 Companies on site - 230 people employed 2013 - 35 companies on site - Employment on-site 350 approx

  11. The Park – Phase 2 • 85% occupation (June 2013) • Manufacturing Computers • Kitchen Equipment • Sportswear • Food Preparation Bakery • Third Sector Welcome Centre • Friends of St Therese • Service Sectors Computers • Business Consults • Graphic Design • Video production

  12. Funding and Finance Initial Funding Phase 1 - £850k LEDU and IFI - £450k Northern Bank Mortgage - £250k Friends of Ireland - £150 Phase 2 - £900k LEDU and IFI - £400k EDCS Mortgage - £300k Irish American Partnership - £100k Making Belfast Work - £50k Townsend own resources - £50k

  13. 2006 2007 2008 2009 2010 2011 2012 2013

  14. Our Income… Rental Revenue from the Estate Training Income Tradelinks – InterTrade Ireland Go for It – InvestNI Business Services Room Hire Business Support Services Print/Copy Secretarial Services Answering and Mailbox services £65k transferred to Enterprise NI to establish Loan Fund in 2003

  15. The Future Greater support for business outside the Park Encouragement of E-Business Maintaining the fabric of the Estate Encourage migration from “grey/black” economy to the conventional economy Consolidate relationships with economic development community Identify and harvest further training opportunities (Local - UK/IR and transnational)

  16. Phase 3 All Directors of Townsend Enterprise Park Ltd are unpaid volunteers and are also Directors of CORE-VISION Ltd. Directors can also act as contractors on CORE-VISION Ltd projects and are paid professional fees on an agreed basis for this work. All profits generated by CORE-VISION Ltd are gift aided to Townsend Enterprise Park Ltd to assist in meeting the objectives of the company. Property Management

  17. CORE-VISION Ltd provides business training and business development services to clients in the following areas: • ·         Management Development Training·         Training audits – baseline assessments·         The Business Planning process (Finance, Marketing, Operations)·         Retail Management skills·         Market Research techniques·         Financial Management·         PR/Media Management skills for SMEs·         Social Media Management·         Governance·         The Role of a Director·         Confidentiality and Data Protection issues·         Business idea generation • This list of business development and training services is not exhaustive and on-line versions may also be available for some of these subject matter areas.

  18. http://www.townsend.co.uk

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