"Nigel Stanley"
<[EMAIL PROTECTED]> wrote:
>Most of the public money going into BW has been justified on
>regeneration and tourism grounds. That makes DCLG a good home, as it
>can argue its corner more strongly on this.
>
>Of course the real worry is that the current BW leadership's mistaken
>strategy of ending dependence on public funds is playing into Treasury
>hands, wherever they are.
Other way round, I think.
You can't really believe that the Treasury would not have raided the
grant anyway!
BW's move towards financial independence is probably the only thing
that will keep it alive given such current (and surely also future)
arbitrary reductions.
BW should now be asking for a one-time transfer of a significant
additional property portfolio, as an endowment, which it can then
manage to produce the *secure* income it needs to replace that
withering grant completely.
Adrian
Adrian Stott
07956-299966
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