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. You can read more about our ambitions in 2020 Vision a World Class destination in the Lee Valley
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 accounts for 40% of the Authority’s gross budget. It amounts to 95 pence per head of population and it is at the same level charged in 2006/07. 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.
Over the last ten years the levy has risen by 1.85 per cent-well below inflation. The levy for 2016/17 year is 46.5% of the maximum chargeable amount, achieving the corporate target of 53 per cent seven years ahead of schedule.
This is the sixth consecutive year the levy has reduced by this margin and is significantly below the current rate of inflation. The total amount to be raised by the levy for 2014/15 is £10.8 million.
The Authority has decreased the levy by 32% in real terms over seven years.
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.