Working in partnership with a range of national and local organisations and key individuals is core to our work. We want all our partners to know about our ambitions and to share our vision for the Lee Valley and to understand what we are trying to achieve at Lee Valley Regional Park Authority
Our goal is to establish Lee Valley Regional Park as a world class destination for sport, leisure and nature by 2020. We will do this by offering the greatest value to our funders and visitors and establish our London 2012 venues and other sports venues we run as successful, viable and inclusive for all. Our philosophy is to be community focused and commercially driven working with partner organisations to deliver a unique park.
We remain focused on enhancing the Regional Park and maximising wider commercial opportunities across our estate.
At Eton Manor, the northern gateway to Queen Elizabeth Olympic Park, we are exploring accommodation and sporting opportunities
At the 125 acre Picketts Lock site in Enfield, home to Lee Valley Athletics Centre we are in negotiations for an exciting, iconic leisure initiative.
Last year saw a record seven million visits to the park, with 4.5 million visits to our multi-award winning open spaces. We are guardians of some of the region’s most important green space and we continue to ensure that the region’s communities benefit from it. We continually benchmark and evaluate our visitor offer and I’m pleased to say we now have our largest ever number of independent quality endorsements: nine Green Flag sites, three Green Heritage Awards and six London in Bloom awards.
See how the park has evolved into a unique sport, leisure and nature space.
We raise 60% of our £27m gross budget through charges, fees and other commercial activities. The Authority is also financed from a levy calculated from the council tax base of Hertfordshire, Essex and Greater London. The ceiling for the levy is determined by a formula prescribed in 'The Levying Bodies (General) Regulations 1992 which is adjusted annually to account for inflation. Increasing value while driving down costs is core to our work. For the third year running, the Authority’s Board has voted to cut the levy by two per cent.
The levy on council tax payers of London, Essex, Hertfordshire and Thurrock now amounts to 81 pence per head of population. The Authority is making a concerted effort to reduce the proportion of expenditure raised from the levy even further by maximising the opportunities from the three London 2012 venues it runs and generate other income streams.
The levy is now the same as it was 17 years ago in 2001/02. Including 2018/19, it has decreased for eight consecutive years while it was frozen for a further year before that.
Including the 6% reduction for 2018/19, the levy will have decreased by over 40% (or £4.7m) in real terms in eight years; and in cash terms by 18% (or £2.1m).
Five years ago the Authority charged contributing councils 50% of the maximum it could charge, this has now reduced to 38.8% for 2018/19. The proportion that the levy raises has been reducing year on year. This cut for 2018/19 means that our funding comes even more from income generation than the levy. The Authority relies on the levy for £9.6m compared to £12.2m in 2010/11. Of this, London Boroughs will now pay £7.1m.
This year on year reduction means the levy is now (38.8%) of the maximum the Authority can legally charge under the Act.
Following the two years reduction of 12%, the Authority has a plan to cut it further by 13% in the next two years – a total of 25% in four years, subject to new developments and income streams coming in place. This current 6% reduction is part of this plan.
We are already playing a central role in delivering a legacy from the London 2012 Olympic and Paralympic Games. We run, fund and manage three London 2012 venues; Lee Valley White Water Centre, the first London 2012 venue to open to the public before and after the Games; Lee Valley VeloPark, the world's finest cycling hub and Lee Valley Hockey and Tennis Centre; both these venues are located on Queen Elizabeth Olympic Park. You can read about the success we have already had with Lee Valley White Water Centre and our legacy plans for the future in two documents that provide further details about the role we are playing beyond London 2012; Planning for Success The Lee Valley White Water Centre Story and Delivering a Sporting Legacy from the London 2012 Games.
More upto date details of our London 2012 legacy work and plans for our three London 2012 venues can be found in the document Creating a Zone of Sporting Excellence.
Planning for Success The Lee Valley White Water Centre Story details our involvement in the venue from inception to design to implementation. It provides a fascinating insight into the way LVRPA factored legacy into every aspect of the venue, what has made it a commercial and community success and our exciting plans for the future.
Delivering a Sporting Legacy from the London 2012 Games provides a detailed insight into our legacy work with our other three London 2012 venues and our future sporting and community goals.