In July 2003 the NSE said they required £25Million to update the accommodation for 152 long-term care residents.

In May 2004 this figure increased to £32Million.

sense believe both figures to be grossly overstated. Government funding presently (2004) is at £50,000 per resident, an amount that includes provision for capital replacement. £32Million equates to £210,500 for each of the 152 residents, more than enough to build two detached three-bedroom houses each.

The NSE now say they have no choice but to execute the £32Million scheme. With realistic ambitions, the NSE could achieve their stated objective without a massive land sale. When sense first posted this page we said the NSE could do so within the required timeframe. At March 2005, this is now not the case.
 
There are several aspects to the financial considerations and these are set out on the following pages: