Conservation finance 2: Area-based initiatives and the role of foundations, funds and non-profit agencies

This paper develops the issue of funding from a first paper “Conservation finance 1: support for historic buildings”), which highlighted specific measures in use including direct grant aid, low-interest loans, fiscal relief, tax credits, the transference of development rights with associated funding measures and compensation schemes. Further consideration is given to other avenues for raising finance in support of the built heritage from public and also other sources as a part of the process of developing integrated conservation strategies (such as via foundations, lotteries, revolving funds and non-profit organisations, combining methods of financing for individual properties including for housing rehabilitation and through area-based schemes). Taken together, the two papers examine different approaches to funding the built heritage by reference to practice in western Europe and North America.