Supporting Document No. 3 - CGLMC/Investors Vision for Carnoustie

The following narrative has been provided by CGLMC and their investment partners for the purposes of the public consultation.

Vision

For almost a century, Carnoustie Links has gained a global reputation for being home to one the most exciting and challenging tests in golf. Our vision is to continue to build upon this legacy by transforming Carnoustie into a world-leading golf and leisure destination capable of hosting golf’s major tournaments for the long term.

This plan was developed in order to create the financial infrastructure required for Carnoustie Golf Links to deliver a world-leading experience for local, national and international guests as well as sustainable economic growth for the region and the return of The Open Championship.

The R&A has expressed its intention to hold multiple staging’s of The Open at Carnoustie provided such enhancements are undertaken. The economic benefits to Angus are well-understood, with The 2018 Open estimated to have contributed >£70 million to the Scottish economy and £21.67 million to the Angus economy. The Open is the region’s window to the World, providing otherwise unaffordable access to global markets. These markets deliver direct golf tourism revenues to Carnoustie in excess of £6m+ annually and this destination footfall is the lifeblood of Carnoustie Golf Links. Without The Open, Carnoustie Golf Links would lose its place on the world stage, which would lead to a significant drop in footfall, meaning that the organisation would not be able to sustain its current staff base, in turn leading to a reduction in employment, course conditions and facilities. We want to provide the environment for sustainable growth by securing the return of The Open on a multi-year agreement.

At its heart, the plan will secure the protection of local access rights to golf, employment and training opportunities for local people and millions of pounds of destination tourism spend within the region of Angus. By achieving these objectives, this project will play a vital role in ensuring that Angus is a great place to live, work, invest and visit.

CGHH and the investors behind the company are committed to working with CGLMC, Angus Council and The R&A to provide private sector investment to build a world-leading tourism destination at Carnoustie to match the quality of the golf courses, delivering transformational facilities for the region, this will include upgrade to the iconic hotel and spa and securing the return of The Open Championship on a multi-year agreement generating long-term, sustainable and economic benefits for the local community.

Our vision

Protect Local Golf Access

• Enshrine existing golf access rights for Season Ticket Holders as a central part of the ambition to secure a long-term agreement.

Deliver An Outstanding Resort Experience

• Begin immediate improvements to the Hotel & Spa with continued major investment in its wider development, ultimately delivering an internationally recognised 4*+ health and wellbeing offer.

Safeguard And Create Local Jobs

• Support an optimal working environment for existing employees, securing, and integrating over 300 roles in the existing golf and hotel businesses, with the creation of new local jobs in the future.

Enhance Community Benefit

• Phase 1 will allow CGLMC to establish a dedicated multi-million-pound community wealth fund to benefit local people and initiatives in-line with CGLMC’s community-based charitable objectives.

Promote And Increase Golf Participation

• Helping new players participate and enjoy the game. Materially improve facilities to promote inclusivity and diversity and growing the already successful Carnoustie Craws and Elite golf development programmes.

Create An Environment For Local Economic Growth

• Significant investment in the hotel and golf facilities is hoped to drive interest in the local area, both by way of tourism and investment, providing further opportunities for the people of Carnoustie and Angus. We aim to become a flagship destination that drives transformational change in the community, elevating the local area for everyone’s benefit, supporting the local development plan and securing a legacy for future generations.