Sponsorship 2017-07-28T11:56:31+00:00
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The actual boat was perfect. Comfortable beds, plenty of storage, plenty of space and just generally relaxing and saw us comfortably through three nights of rain, shine and cold weather”

Your Sponsorship

You can own a brand new, 5 star luxury narrowboat choosing from one of four designs as can be viewed below. We hire the canalboat out as part of our fleet and you get a 38% return of the income from your narrowboat. You will be offered the canalboat at a trade price and be able to contribute your ideas to colour schemes and interior design.

As an owner of a sponsored boat, you will receive 38% of the hire revenue for years 1 and 2 and 32% for years 3 and 4 (due to higher maintenance costs).  Payments are made direct to you monthly in arrears.  The return will have the VAT, damage waiver fee and optional extras deducted and, therefore, not included as part of the 38% or 32%.

Sponsoring a Narrowboat

Frequently asked sponsored boat questions:

Do I have to pay for my holidays?

No, your holidays are free to you. We will clean and prepare your boat during the hire season, off peak season you are responsible for getting the boat ready before use. On return from cruising you will be expected to clean the boat, refuel with diesel and pump out the toilet tank. We can offer a turnaround service during your off peak holidays for an additional cost.

When can I book my holidays?

We advise you to book your holidays for the hire season before 31st October the previous year to ensure you get your desired dates as many of our customer’s book very early. Off peak can be negotiated before 31st July of the same year.

How much holiday do I get and what dates are available to me?

You will get two weeks in the hire season which is March to October inclusive; the dates available to you include Easter Holidays and October half term, but exclude Whitsun Week and the School Summer Holidays. The off peak season is from November to February inclusive and you can take four weeks during this period at any time including Christmas holidays and February half term.

I would like to use the boat more often is this possible?

Yes, during the off peak season November to February we can arrange for additional time with further conditions. No additional time can be offered during the hire season, you can of course have the boat if there is no booking and you will be told of this at late notice.

How is the scheme agreement organised?

You will sign a legal agreement to be part of the sponsorship scheme which protects both you as the boat owner and us as the hire company; it makes clear the process, roles and responsibilities of both parties. You will also sign a Boat Build contract.

How do I get my financial returns and how much is this?

You will receive a statement every month in arrears of the hires stating how much income has been received, all maintenance carried out to the boat, any replacement items and the amount that you will need to invoice us to obtain your percentage of that income. You will get 38% of the net income for years one and two and 32% of the net income for years three and four (excluding DWF and any optional extras). Payment is usually made by BACS transfer.

When will I contribute my 20% towards licence and mooring fees?

This will be part of the statement for months July and August and taken off your net income. We will advise you of the amount to invoice once this has been deducted.

How long can I keep the boat in the scheme for?

Four years and then you are free to either keep the vessel for your own use or if you wish to sell it.

How much does a new boat cost?

We offer a 50ft, 52ft or 58ft standard with a choice of 4 layouts. Please see the Sponsorship page and New Boat Builds pages for current prices.

Prices include VAT at 20%.

How can I keep track of my new boat build?

You can visit the boat yard preferably by prior arrangement as well as keep track of the build on our Facebook site: https://www.facebook.com/AQUANARROWBOATS

Do I pay for the boat on completion of the build?

We use a Boat building contract with staged payments of 10%, 30%, 35%, 20% and 5% on completion.

How can I ensure that the boat is legally mine once purchased?

You will have a copy of your boat building contract, a legal document, which is your proof of purchase as well as copies of our invoices to you for the boat build.

Can I change the internal design of my new boat?

You are able to contribute your ideas towards the interior decoration such as carpets, curtains, upholstery etc. The internal layout meets the 5 star Visit Britain standard that we strive to maintain, so needs to remain as it is. We can add additional features such as cratch cover or satellite dish at an additional cost, either at the boat building stage or at the end of the four year period. We understand that some customers will use the boat after the sponsorship scheme has ended, therefore, we are happy to work with the owner to allow for additional extras when they take over use of the vessel.

Can I purchase an older boat at a reduced price?

Yes, we occasionally have one or two year old boats available, that can remain in the sponsorship scheme.

I have decided the scheme isn’t for me as I would like a more bespoke boat – do you offer this?

Yes we offer bespoke boats, find more about the here.

What do I do next?

Please call us to arrange a visit and we will show you around the workshop, view the boats and the paperwork involved. If you would like to go ahead a £1500 deposit is required to secure your boat building slot. We only build one or max two boats into the sponsorship every year so availability is limited. There is usually a 1-2 year lead time due to the demand of our services so an early enquiry is advised.

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Boat Layout Choices

dog-32-32   shower-32  hair-dryer-32  compact-disc-32  cooker-32  dvd-32  fire-hose-32  fridge-32  microwave-32      toileticon  tv-32 vacuumcleaner  window-layout-32

bulletpoint Cabins 2   bulletpoint Sleeps 2 – 6   bulletpoint Boat Length 58 ft  

bulletpoint Layout Mid-Reverse   bulletpoint Stern Semi-Cruiser

£110,795

dog-32-32   shower-32  hair-dryer-32  compact-disc-32  cooker-32  dvd-32  fire-hose-32  fridge-32  microwave-32    toileticon  tv-32 vacuumcleaner  window-layout-32

bulletpoint Cabins 2   bulletpoint Sleeps 2 – 4   bulletpoint Boat Length 52 ft  

bulletpoint Layout Reverse   bulletpoint Stern Semi-Cruiser

£102,640

dog-32-32   shower-32  hair-dryer-32  compact-disc-32  cooker-32  dvd-32  fire-hose-32  fridge-32  microwave-32     toileticon  tv-32 vacuumcleaner  window-layout-32

bulletpoint Cabins 2   bulletpoint Sleeps 2 – 6   bulletpoint Boat Length 58 ft  

bulletpoint Layout Reverse   bulletpoint Stern Semi-Cruiser

£110,795

dog-32-32   shower-32  hair-dryer-32  compact-disc-32  cooker-32  dvd-32  fire-hose-32  fridge-32  microwave-32    toileticon  tv-32 vacuumcleaner  window-layout-32

bulletpoint Cabins 2   bulletpoint Sleeps 2 – 4   bulletpoint Boat Length 50 ft  

bulletpoint Layout Reverse   bulletpoint Stern Semi-Cruiser

£98,950

Narrowboat Sponsorship Prices

You are able to book 2 weeks holiday in advance during the hire season for your own use (including Easter holidays and October half term) and 4 weeks holidays during the off peak season (including Xmas and February half term), giving a total of 6 weeks use a year. You will own the narrowboat and the inventory so at the end of the four year contract there is no disruption to you as the owner.  The price includes a range of optional extras (valued at over £13,000 on a bespoke build) as well as all inventory items, electrical goods and all soft furnishings.

50 ft
52ft
58ft
58ft
Next Available Slot - Summer 2018

Narrowboat Running Costs

As part of the canal boat sponsorship agreement we ask for your narrowboat to be part of the fleet for 4 or 5 years. Aqua Narrowboats will market and administer the bookings, and turn your boat around for each narrowboat holiday. We will pay 80% of your Canal and River Trust licence and mooring fees. We also pay for your narrowboat to be insured for hire purposes.

Canal Boat Maintenance

Aqua Narrowboats will keep your narrowboat maintained to a high standard by our marine repairs team, as we like to ensure our customers receive the best canal boats and the best service. This will include labour towards: servicing and engine repairs, attending call outs to customers, canal boat hull blacking and paint maintenance.

Your Contribution

Sponsored owners contribute 20% towards the costs of the Canal and River Trust licence and mooring fees which will be deducted as part of your returns. You will be given an annual allowance of £400 towards replacement items for your narrowboat. If this allowance is exceeded the owners will contribute the outstanding amount, however the labour costs will be provided by us free of charge.

50ft

£98,950

Reverse Layout

Beta 38hp

Extendable Double

52ft

£102,640

Reverse Layout

Beta 43hp

Extendable Double

58ft

£110,795

Mid-Reverse Layout with central galley

Beta 43hp

Kingsize Crossover – Twin Berth

58ft

£110,795

Reverse
Layout

Beta 43hp

Kingsize Crossover – Twin Berth

Included as standard
Walkthrough bathroom to include shower, WC & basin ticksmall ticksmall ticksmall ticksmall
Saloon area with TV cabinet and storage ticksmall ticksmall ticksmall ticksmall
Galley with granite worktops, hob/ oven ticksmall ticksmall ticksmall ticksmall
Blinds & soft furnishings ticksmall ticksmall ticksmall ticksmall
Central heating ticksmall ticksmall ticksmall ticksmall
Optional extras included for free
Large settee/ flexible dinette converts to double bed ticksmall ticksmall ticksmall ticksmall
Extra TV in one of the bedrooms (58ft narrowboat only) ticksmall ticksmall ticksmall ticksmall
Inventory including kettle/microwave/kitchen equipment/crockery &cutlery/hairdryer/bathroom accessories etc. ticksmall ticksmall ticksmall ticksmall
TV/DVD/CD Radio in saloon ticksmall ticksmall ticksmall ticksmall
Hospital silencer for quieter cruising ticksmall ticksmall ticksmall ticksmall
Upgraded semi cruiser stern with lockers & with apron ticksmall ticksmall ticksmall ticksmall
Upgraded macerator toilet ticksmall ticksmall ticksmall ticksmall
Upgraded Victron battery monitor ticksmall ticksmall ticksmall ticksmall
Bow Lockers with seating ticksmall ticksmall ticksmall ticksmall
Optional extras you can purchase – prices include product & fitting
Double glazing £3500 £3500 £4500 £4500
Dressing table in bedroom —– £300 —– —–
Bathroom with corridor £1000 £1000 £1000 £1000
Deluxe engine panel £350 £350 £350 £350

Benefits and Returns

Your Benefits

Holidays

  • 2 weeks from April to October (worth up to £3000)
  • 4 weeks holiday November to March (worth up to £3200)

Maintenance

  • Free Monthly engine services
  • £400 replacement allowance
  • Free repairs labour
  • Free winterisation
  • Weekly checks and cleaning in season

Communication

  • Returns emailed and paid monthly within season.
  • Stay up to date via website, Facebook and E-Newsletters.
  • End of 4 year contract boat prepared for handover or sales.
Narrowboat Sponsorship
Narrowboat Sponsorship

Your Financial Returns

Financial Returns

  • 38% of Hire Revenue years 1 & 2
  • 32% of Hire Revenue years 3 & 4

Please note that the information contained on this website does not constitute financial advice. Prospective owners are recommended to seek their own financial advisor and reach their own conclusion before entering a narrowboat sponsorship agreement.

Financial returns to the owner
(based on 2016 occupancy rates for a 4-6 berth narrowboat)

38% hire payments (approx.) £9040
Less mooring fees (20% contribution) £506
Less license fees (20% contribution) £348
Total Estimated Returns: £8186

Benefits & Contributions paid by Aqua Narrowboats

80% mooring fee £2024
80% license fee £1395
Insurance £450
Replacement allowance £400
Repairs and maintenance (labour costs) £2000 (approx.)