investment
(local authorities and private investors) who would like to enter into joint ventures with the LTA to deliver their vision of Tennis Opened Up through targeted investment in indoor and park tennis facilities,” says Stewart. “We are working with our field team to
engage at local level and I am working on creating a national network of leisure providers who have great working relationships with local authorities.” The LTA has £125m to invest on an interest-free basis in new and existing indoor tennis facilities.
we are working with our field team to engage at local level
“We are not adopting the role of developer
but will work with partners such as local authorities and private investors to jointly fund schemes on a 50/50 basis. Payment terms to repay a loan will typically be 10 years, although in exceptional circumstances a longer term (up to 15 years) might be considered,” says Stewart. The new facilities being developed will add
to the current total of more than 1,400 indoor courts at over 300 venues across the country, including the existing network of community indoor tennis centres supported by the LTA, commercial clubs and tennis club venues.
20
pactfacilities.co.uk
“The models currently specified assume four (possibly up to six) indoor courts linked to a gym, exercise studio, padel tennis facilities and a café, but we will be flexible on facility mix depending on location and scale of the opportunity,” says Stewart. “These centres will be community focused
and the pricing of all facilities and programmes will be based on other local community
facilities. A junior tennis programme will run from the centres along with community based programmes including schools. Due to the mix of facilities in the new centres we will very much be working with the operators to establish sporting programmes to get more children more active, more often.”
www.lta.org.uk
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43
