.
End of the last day countdown and it seems the pledges exceeded 950k UK Pounds as was expected, the Vulcan flys for a while longer (but not yet confirmed for the whole of 2009)?
Congratulations to the entire team, for a surprising result.
However it seems no "Major" corporate sponsor has stepped forward publicly, (despite the publicity, media and public interest that would reward that with far more recognition etc than has been previously available) suggesting that the original corporate sponsorship reliance or expectations will not eventuate, leaving the only ongoing funding resources members monthly subscriptions and public fundraising.
Apparantly the pledges only attracted 10,000 supporters, well below the supposed 30,000 members and friends, putting the average contribution at 100 pounds per head, suggesting that will not be repeatable too often.
The Vulcan is an expensive aircraft to run, if the supporter base cannot be expanded and relied upon to provide sufficient monthly subscriptions the project will be back in this same situation and I suspect will not be as successful the next time round.
This project in my mind was/is the most ambitious aviation heritage project in the world due to the scale of its economics, it is also becoming high profile around the world.
Despite the view it was soaking up HLF funds that might have been better spent elsewhere, it is promoting aviation heritage on a grand scale, and with wide media interest.
However I aso believe its eventual failure with that wide media focus could do significant damage to aviation heritage projects and fundraising world wide in regards to corporate and government support.
I hope the Management come clean with open details of the use of the current fundraising and outlook, improve their performance in attracting and communicating with supporters etc in the future, and develop and invoke a viable business plan.
below is the current VTST announcement over the pledges.
Regards
Mark Pilkington
Quote:
Vulcan now truly "The People's Aircraft"
Thousands of pledges provide a future for the Vulcan
One month ago, the Vulcan to the Sky Trust (VTST) had to announce that the prospects of seeing Vulcan XH558, the world's only flying Vulcan, ever flying again were looking very poor as the result of the lack of cash, and that notices had had to be given to its employees that their jobs would end on Friday 6th March
With the launch of a Pledge Campaign to raise £1million, VTST based its future on the public's affection for the Vulcan and their desire to see it fly.
As the deadline of the end of today approaches, the Pledge Campaign has this morning (11.00am) passed £956,835, pledged by over 9,821 supporters, and so has excellent prospects of passing its goal of £1million imminently.
This is the third time in seven years that the future of the Vulcan in flight has been saved by the support of thousands of members of the public, making XH558 "The People's Aircraft". Never has one historic aircraft owed so much to so many!
Sponsors provide breathing space
On their own, pledges can't solve the Trust's immediate cash problem, because they each need now to be converted into cash donations. The Trust is therefore very grateful to its sponsors, Aerobytes Ltd and Judd Power, who have today committed sufficient cash to keep the Trust going for another month, allowing time for the pledges to be redeemed.
As the result, VTST is delighted to announce that it is able to continue its activities on a more secure financial footing, and that the prospects of seeing the Vulcan fly in 2009 are now good.
Supporters led the way forward
For the past month, supporters of the Vulcan have been tireless in their fundraising activities, ranging from the cross-country Vulcan Scramble, to "Pledgathon" events across the UK. VTST is enormously grateful to all the members of the Vulcan to the Sky Club for their help.
Inspiring the Young
There are well over 10 million young people who have never seen the Vulcan in flight. Following the success of the Pledge Campaign, these youngsters now have an opportunity to experience this inspirational "once seen, never forgotten" sight.
Because we cannot assume that all the pledges will be honoured, we are asking the the public to continue to pledge financial support, either through our website
www.vulcantothesky.org or by phone to our office on 0116 247 8145. We have demonstrated that even the smallest pledge helps, because it is people in their thousands who make the difference.
Robert Pleming
6th March 2009