AT Monday's Trust AGM there was a full discussion on the proposal for Trust reserves to be used to provide matched funding.
This was explained in some detail by Andrew Watson and is essentially as follows:
The club has had the use of training pitch facilities for some time at the University campus at Storthes Hall and now has the opportunity to buy a significant piece of land to include these facilities. It will also include an area which can be used to provide two pitches for Academy use.
This is now a requirement as Academies will run two sides (Under 18s and U16s) rather than a single U19 side.
The area adjoining these pitches has a dilapidated sports pavilion and an area of terraced seating, having previously been used as a cricket arena by the hospital formerly located at Storthes Hall.
It is proposed to restore and extend the pavilion for use as changing rooms as well as offices for the Academy and Football in the Community.
Restoration of the terraced seating will also enhance the facilities for Academy matches.
We have been advised that the proposed restoration fulfils the criteria set for attracting a grant from Landfill Tax revenues.
The land would be held in Trust by a not-for-profit company, thus protecting the investment for the long term good of the club.
Supporters would be represented on the board of Trustees. The Supporters Trust's proposal, therefore, is to provide £30,000 as an independent third party to generate a grant of £300,000, this being a very significant contribution to the project, with the possibility of adding to this if future enhancements are identified.
The Trust considers this to be an excellent use of the reserve funds, multiplying their value 10-fold in order to secure long-term facilities for the development of the club. What better way to invest the money donated by supporters to ensure the survival and future of Huddersfield Town?
At Monday's annual meeting, those present voted unanimously in favour of the proposal and all Trust members are therefore being urged to endorse this project by voting `yes' on the voting slips to be posted out this week.