Problems and opportunities facing land-based businesses will be focus of discussion at one-day event in Ayr
‘Promoting rural practice in the current economic climate’ takes place at the Kevoca Conference Centre, Hannah Business Park, Ayr on Tuesday 11 November.
The event, organised by The Scottish Rural Property and Business Association (SRPBA) in conjunction with The Hannah Research Institute, will explore implications of the credit crunch for land-based businesses, and offer ideas and opportunity for discussion about alternative income streams.
The day’s programme covers a range of areas common to SRPBA members, and mirrors priorities explored by The Hannah following its cessation as a research centre and withdrawal of its Government core funding. The focus of the event is on planning and housing, and diversification.
In order to continue to fund relevant research, a development plan was set in motion by The Hannah two years ago to release land for housing, although outline planning consent is yet to be granted. The economic climate since the application was submitted has seen a marked cooling of interest by potential developers and a reduction in development land values.
In tandem, The Hannah is exploring options for further diversification including carbon offset, education, and a range of other uses for parts of the estate.
Keith McKellar, Chief Executive, The Hannah Research Institute, says:
“I am sure there will be many rural businesses who find themselves in a similar situation. If the housing bubble bursts with long-term consequences then a lot of us will have to rethink our strategies and options. We are developing other concepts in tandem with housing, but an initial lack of progress on this front and now a dramatic shift in the market, may well force a different approach.”
Luke Borwick, Chairman, SRPBA, says:
“The current financial climate will impact harder on some rural businesses than others, and we must expect attrition in areas such as housing development and tourism. While primary industries like farming and forestry may be more robust, the rural sector will need to be more creative in its approach to business and look towards diversification and alternative land uses to succeed under tougher market conditions. This day at The Hannah will, I am sure, give us plenty to think about as well as ideas for new ways forward.”
Speakers at the event include John Scott MSP, Luke Borwick, Chairman, The Scottish Rural Property and Business Association (SRPBA); Keith McKellar, Chief Executive, The Hannah Research Institute; Meic Evans, Planning Consultant; Sarah-Jane Laing, Housing Strategy Officer, SRPBA; Liz Marquis, The Energy Agency; and representatives from FPD Savills and the Farming and Wildlife Advisory Group (FWAG).
The event starts at 10.00am and concludes at 16.00 with lunch provided.
Those wishing to attend should contact Joyce Karch, tel: 0131 653 5400, e: joyce.karch@srpba.com
Issued for The Hannah by:
Dick Playfair
Playfair Walker
Tel: 0131 445 5570
E: dick@playfairwalker.com
