Our Committee met last week to set the rent for the coming year. We decided to keep the rent the same at £40 a year plus £20 a year for water per full size plot, making a total of £60. We offer a reduction for those over the age of 60 to rent £20, which with the water makes a total of £40. We also charge a total of £40 for a half plot. Each plot gets a free jar of our own honey and this year 2 bags of compost.
Today our local council (Bradford) announced an increase of rent on council run sites from £45.32 for any size of plot plus £22 for water to a new price of rent of £55 plus water remaining at £22, giving a new total of £77.00, up from £67.32. They charge a concession rate of rent £27.50 plus £22 water, giving a new total of £47.50, up from £44.66. I expect there will be complaints about the level of increase soon.
We have only been self managed since 2019, but managed to reduce the rent to current levels in 2020 and maintain it at that level since. Our main expenditure is on water, public liability and equipment insurance and maintenance of fences, trees and machinery. We are still building a contingency fund in the event of a major requirement such as a water leak but also saving up for a composting toilet facility. A fairly small site with 41 plots, 3 of them half size (the fourth half has our shipping container).