Herne Hill Velodrome Closure Threat - Save the Velodrome!

There were a number of issues

1. A long lease is needed to obtain capital funding
   
2. A long lease will only be given if a business plan exists that shows sustainablity
   
3. For sustainability income is required.
   
   

The business plan shows £70k pa can be earned by the velodrome. £125k pa is required to run it. A shortfall of £55k pa. They are seeking to cover this with individual and business donations and sponsorship. If they can show that they can attract this sort of sum, they can look to obtaining a long lease and then funding for capital works. Last night was just about the annual funding shortfall. I am not sure how they intend to go about covering the capital costs. I was also unclear about the £25k from Southwark and wherther this was a one off towards capital improvements of part of the annual funding. If the latter, it should not be taken for granted that it will recur.