Module: Estate Business Management and Diversification

Module details

  • Module code

    3244
  • Module leader

    Nick Millard
  • Module Level

    6
  • Module credits

    15
  • Min study time

    150 hours
  • Contact hrs

    36 hours

Module content

The complexity of Estate Business Management has grown over the years alongside the need for sound management of an estate’s assets. Diversification has never been more important if the opportunity is there.

It is therefore necessary to understand the latent opportunities that exist and demonstrate knowledge of how various uses, policies and options impact on the wider estate business.

This needs a good understanding of how to identify and appraise estate property interests and what impact these have on the financial and management of resources on the estate. Capital tax planning is at the heart of many decisions.

This requires knowledge on all the core subjects to enable estate plans to be prepared and implemented together with a need to be able to communicate with clients, government bodies including local authorities, pressure groups, voluntary and charitable organisations, advisers, neighbours, general public and estate staff.

The module will also include the review and assessment of the completion of at least 70 hours of work experience.

Module outcomes

To achieve credit for this module, students must be able to:

  1. Assess the business needs of an Estate and the Landowner’s objectives with consideration given to the different types of owners and occupiers
  2. Devise strategic plans for rural estates to maximise property and other assets whilst considering the need for capital tax planning
  3. Assess the need for diversification as part of an estate plan with reference to conservation, game and deer management
  4. Understand the context in which estate planning is undertaken regarding tax planning, business management, corporate social responsibility, the local community, landscape and nature conservation, sustainability and diversification
  5. Critically self-reflect on their professional practice whilst undertaking their 70 hours of work experience 

Assessment

Assessment Description Weighting
Coursework Estate Report Writing Exercise 80%
Practical Reflection of 70 hours of work experience 20%

Assessments may differ in 2020/21 due to adjustments for Covid-19. Please check Gateway for the latest regulations.

Key texts

  • Land and Estate Management by John Nix
  • Town and Country planning in the UK by JB Cullingworth
  • Developing property sustainably - Wilkinson, Sara J; Sayce, Sarah, Christensen, Pernille H,
  • The essential guide to the use of land and buildings under the planning acts : including the use classes order - Goodall, Martin H
  • Sage, R. and Swan, M. (2003) Woodland Conservation and Pheasants. The Game Conservancy Trust.
  • Beech, J. and Chadwick, S. (2005). The Business of Tourism Management. Prentice Hall.
  • Beech, J. Kaiser, S. and Kasper, R. (2014). The Business of Events Management. Pearson.

See RAU resources list