Europa Gymnastics Club and London Borough of Bexley were approached by Barratt Homes in 2008. Barratt Homes proposed part of the Samas Roneo site in Crayford as a suitable location, and the Council’s Planning Committee adopted a resolution to grant detailed planning consent for a new gym club and outline consent for residential redevelopment on 26th November 2009, with conditions and following a signed legal agreement, subject to a referral to the Mayor of London.
A design for the new multi-purpose gym was developed by Barratt Homes, in conjunction with the club, relevant national governing bodies of sport and the Council. The total cost of the scheme was £5,418,000. The Council engaged specialist VAT, legal and procurement advisors to find the most tax efficient and appropriate method of delivering the project.
In order to fund the scheme, the developer (Barratt Homes) provided £1.85 million (£1.5 million S106 contribution and £0.35 million in kind). In addition, other funding was sourced from Sport England, the Olympic Delivery Authority, British Gymnastics, the Amateur Boxing Association of England Limited, PlaySport London - The Mayor of London's sporting legacy fund, White Code Designs and Cory Environment Trust in Britain.
A steering group was set up to analyse all the benefits and disadvantages/risks and having sought financial and legal advice on the proposals, the preferred delivery approach of the London Borough of Bexley and its funding partners was as follows:
Barratt Homes transfer the land to the Council in accordance with the S106 agreement;
Construction phase - Barratt Homes deliver the capital scheme through a Development Agreement with the London Borough Bexley;
Accountable Body - LB Bexley became the accountable body, with all funding flowing through the Council and risk then managed through legal agreements with key partners;
Barratt Homes hand over the completed new building to LB Bexley who then lease the site to Europa Centre Trust for 25 years at an affordable rent (£1 plus VAT per annum);
Europa Centre Trust engages Europa Centre Community Interest Company to manage the facility.
LB Bexley has a legal agreement in place with Europa Centre Trust to enable claw back of funding if outcomes are not achieved.