We will share details of the projects we are currently working on as we move through our investment process. Below is a summary of our first approved investment, Cycle Pathway CIC.
Cycle Pathway CIC
Cycle Pathway CIC operate Leeds Urban Bike Park (LUBP), the exciting redevelopment of Middleton Park golf course into a cycling hub that meets the needs of the local community and wider region.
Phase 1 of LUBP opened in December 2017 with a number of cycling trails from progressive mountain bike tracks to BMX and play tracks. More trails will open in Autumn 2018. Supporting the trails is a modern community building providing a range of facilities, including a café, social space, workshop and education facilities.
Through operating LUBP, Cycle Pathway CIC aim to:
- Increase opportunities for physical and social activity for the local community;
- Develop employment and volunteering roles through community café, trail maintenance, workshop and coaching activities; and
- Provide mainstream and alternative education services.
Sporting Capital have provided a loan of £100,000, with a 18 month repayment holiday to support them in growing and developing their team of full and part time staff and volunteers, and to fund kit and equipment for the community café, education space and workshop.