There is a risk of losing the fabric of historic assets if no measures are taken. In an effort to introduce a long-term sustainability program, the English Heritage has developed a business plan that will be implemented to address the emerging issues. The new model has the capacity to address some of the problems affecting the national heritage collection. However, a close analysis of the business plan reveals that it has some weaknesses that require immediate addressing if it is to be successful.
The government and the English Heritage have focused on the benefits associated with the new business plan, especially the aspect of reversing the current condition of the national heritage collection. The government has committed itself to allocate a total sum of £80 million. Moreover, the English Heritage will rely on third parties who will contribute towards the conservation of the national heritage collection. However, a close analysis reveals that the government support of providing £80 million will not be sufficient to support the business plan. Notably, the viability of the business plan determines whether the English Heritage will register remarkable outcomes.1 Any successful business plan must have realistic financial planning. If the budget allocation and financial planning are inappropriate or insufficient, the viability of any business plan is limited. Evidently, the £80 million set aside by the government do not surface to address all the conservation costs that are likely to result effectively. There is a possibility that the project may fail because of insufficient funds. Although the government believes that the business plan is self-sufficient and realistic, there is a need for concern because financing the projects sufficiently will determine the expected outcomes.