Latest News

Gathered here are news stories from all our publications, covering many of the biggest regeneration projects across the UK.

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Big businesses snowballing into Purley Way

Published: 2010-04-15 09:30:46

An influx of successful businesses along Purley Way is drawing other top firms to the area. (Sourced from this is local Londonn.)
 
American electronics giant Best Buy is the latest in a string of companies attracted to the A23 corridor, following hot on the heels of bellwether department store John Lewis and car showrooms for Seat and Skoda. read more

Rolls-Royce gives Derby its drive

Published: 2010-04-15 09:24:13

There have been few winners among the UK's industrial cities in recent years but Derby stands out for the strength of its local economy. (Sourced from the FT.)
 
Rolls-Royce, which has significant operations in the city, remains central to that success, as highlighted in the Planes, Trains and Automobiles report from consultant URS. read more

Fight to save trees at former Jaguar site

Published: 2010-04-14 09:33:55

Conservationists are fighting plans to cut down trees on the site of the former Jaguar works in Coventry. (Sourced from BBC News.)
 
Developer Goodman said the trees needed to be cut down to improve drainage around Butt Lane as part of the redevelopment of the site. read more

CBRE says institutional investors can be attracted to private rental...

Published: 2010-04-14 09:24:14

CB Richard Ellis head of residential Nick Jopling told the company's State of the Nation conference last month that institutional investment can be attracted to the private rental sector.
 
Despite the UK’s strong tradition of home ownership, on a par with the US with ownership levels of around 68%, Jopling said: "Rental demand will increase. London has less home ownership than 10 years ago."
 
While 22% of US institutional investment goes into the private rental sector, the comparable figure for the UK is less than one per cent.
 
But a head of steam is building up. "A number of organisations already get it," Jopling said, indicating the HCA, HM Treasury and British Property Federation as well as some institutions and developers. But banks and many other developers and housebuilders are yet to see the benefits.
 
They may be persuaded by Kent County Council. "Owner occupation has reached its limits in Kent at 70%," said strategic housing advisor Brian Horton. With a requirement for 140,000 new homes by 2026, at a potential cost of £30 billion, the rental option appeals to the council – not as a panacea, Horton said, "but as part of the solution". read more

Public water feature gets go-ahead

Published: 2010-04-14 09:23:00

A water feature is part of a £4.8 million regeneration plan in Salford. (Sourced from swelluk.)
 
The fountain is to form part of a regeneration project at the Greengate Embankment area, which is located close to Manchester city centre. read more

Kirklees first on sustainable affordable housing PFI

Published: 2010-04-14 09:20:17

Kirklees Council claims its Excellent Homes for Life housing project is the first PFI scheme to conform to Code for Sustainable Homes Level Four.
 
The preferred bidder for the project is The Regenter Excellent Homes for Life Consortium, comprising Regenter, Wates Living Space and Pinnacle Housing.
 
Excellent Homes for Life Housing includes about 140 new "extra care" homes for older people, in three schemes, and around 360 one- and two-bed homes for small households, some specifically designed for wheelchair users. The new homes will be built on up to 30 sites across Kirklees, in West Yorkshire. read more

Government confirms TIF pilots

Published: 2010-04-14 09:17:05

The 2010 Budget made £120 million available to pilot accelerated development zones (ADZs) in England.
 
Based on US tax increment financing (TIF) principles, the programme allows local authorities to retain uplifts in business rates that result from regeneration schemes, and borrow against future rates, to pay for infrastructure that enables the developments and the jobs and economic growth that ensue.
 
Core Cities director Chris Murray welcomed the announcement. "Potentially this could lead to a revolutionary new way of financing future projects," he told SocInvest 2010.
 
"This is a significant commitment from government. Work should now continue on the detail of how to operate tax increment financing on a much bigger scale, so we don’t have to rely on such grants in the future, and ensure cross-party agreement for the next stage of development." read more

Lenders look to invest in renewable energy

Published: 2010-04-14 09:05:22

Renewable energy projects will attract investment to, and help the delivery of, regeneration schemes across the UK, according to Euan McVicar, head of energy projects at law firm McGrigors.
 
"There are some useful trends in the market, including feed-in tariffs," he said, in advance of the SocInvest 2010 summit on regeneration finance where he will speak on the topic. "There is a massive increase in interest, particularly in social housing and other developments where there is a long-term landlord."
 
Just as important, lenders are also happy to look at investing in energy projects, McVicar said. read more

Freddy Shepherd hopes to bring shipyards back to life as wind turbine factories

Published: 2010-04-13 09:38:24

Freddy Shepherd, the controversial former owner of Newcastle United Football Club, could be about to make another fortune if Tyneside becomes the manufacturing centre of the coming boom in offshore wind farms. (Sourced from the Times.)
 
Thousands of turbines are set to be erected in the North Sea as Britain gears up to become the global leader of the offshore wind industry, generating up to quarter of the nation’s electricity supply. read more

Energy and tourism

Published: 2010-04-13 09:28:15

Cumbria is aiming to position itself at the forefront of the UK's energy revolution by promoting itself as a laboratory and proving ground for alternative technologies. (Sourced from publicservice.co.uk.)
 
The county aims to use its natural resources and build on centres of expertise to promote low-carbon and renewable energy. read more

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