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There are a number of situations, such as the re-use of old buildings, where private developers can be slow to see the opportunities, and where not-for-profit Development Trusts can make a difference.
One type of trust is the Building Preservation Trust, which uses a revolving loan fund to acquire buildings, restore them with a combination of grants and loans on favourable terms, and then sell them off. One of the pioneers was the Farnham Trust, which has helped to make the town one of the most attractive and successful in the South East. Starting initially with cottages, and then going on to help bring the old Maltings back into use, the Trust’s latest scheme is the restoration of an old working pottery on the edge of the town, part of which will continue in operation.
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