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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An answer to the affordable housing crisis?

Published: 2010-03-10 08:08:38

"The question people are asking is where do you get more bang for your buck in difficult circumstances?" Jim Saunders, managing director of Regenter, an investor, operator and developer of housing-led community-based regeneration schemes, believes the answer lies in creating a new joint venture model.
 
"To do that you need to think differently," he told SocInvest.
 
One net effect of the recession has been to derail government plans to create three million new homes by 2020. Housing starts are the lowest since 1923.
 
But this is only part of the legacy: local authorities have inherited a housing development model designed for more prosperous times that no longer works. read more

King sturge calls for re-energised joint ventures

Published: 2010-03-10 07:58:11

"We've got to look at different ways of doing things." That's the call from King Sturge head of consultancy Andrew Ludiman ahead of the general election.
 
Whoever forms the next government, Ludiman said, one thing is certain: there will be a smaller pot of state cash for regeneration. But despite continuing austerity in the public sector, there will be opportunities to be pursued, including new approaches to joint ventures, streamlining the procurement process to remove disincentives for bidders, being more resourceful in the use of available funds and making better use of available assets.
 
That last point is significant not only to local authorities but also educational institutions, health authorities and other public organisations seeking to raise project funds.
 
Ludiman and King Sturge Financial Services managing director Chris Pratt discussed the options ahead of the SocInvest2010 financial summit in June. read more

New projects include TIF as finance option

Published: 2010-03-10 07:44:59

The Buchanan Galleries expansion scheme in Glasgow awaits Scottish Parliament approval to use Tax Increment Financing (TIF) for funding, as Scotland continues to be the frontrunner in pushing forward with TIF.
 
Business rates in Scotland are a devolved tax, so the Scottish Parliament can sanction their use in this way and has indicated its support for the mechanism.
 
While Alistair Darling's pre-budget review indicated that there would have to be more research before it supported implementation of TIF elsewhere in the UK, many believe that there is sufficient support for its eventual introduction to include it in their plans.
 
"We are helping several authorities to prepare TIF / Accelerated Development Zone (ADZ) proposals as part of their regeneration plans," said Stuart Howie, director, PwC Advisory.
 
Despite the fact that TIF may appear to be on the back burner politically, he added: "there’s a lot of work going on behind closed doors". read more

College launches business training scheme

Published: 2010-03-09 09:59:37

Salford City College has launched a new training scheme aimed at businesses. (Sourced from Crain's Manchester Business.)
 
Trinity Business Training offers Ofsted approved courses: from pre-employment training, to degree level and post-graduate qualifications. read more

Maximum impact

Published: 2010-03-09 09:50:18

Croydon's newest office development Tricos Imobiliaria's Impact House played host to scores of London's commercial property agents on 4 March.

It was the last stop on the Croydon Open Day, held to highlight the wide range of office space available in London's largest borough. read more

Green Street scheme under way

Published: 2010-03-08 12:12:27

Work is now well under way on the 38-house Green Street scheme being delivered in The Meadows by Blueprint.

The £8 million development started on site in January, and the first 13 homes are due to be completed by autumn of this year, with final completion expected by spring 2011. read more

Bulwell joint service green light

Published: 2010-03-08 10:24:57

Bulwell's new £22 million one-stop shop, bringing together city council, health and housing services, has been given the go-ahead. (Sourced from Nottingham City Council.)
 
Contracts have been signed by Nottingham City Council, NHS Nottingham City, and Greater Nottingham Local Improvement Finance Trust Company Limited (LIFTCo) to deliver the centre in the heart of Bulwell. read more

Moore for Shortland Horne

Published: 2010-03-05 09:43:35

A LEADING Coventry-based commercial property company has made a major new appointment. (Sourced from Coventry Telegraph.)
 
Jonathan Moore has joined Shortland Horne from global property adviser DTZ as a director of investment agency. read more

90% of airlines "against new Thames Estuary airport"

Published: 2010-03-05 09:33:24

Nine out of 10 airlines using Heathrow Airport are opposed to mayor of London Boris Johnson's plans to build a new airport in the Thames Estuary, a council has claimed. (Sourced from BBC News.)
 
The mayor has given his backing to a scheme, thought to cost £40 billion, to use an island off the south-east coast for a six-runway airport.
 
But Medway Council says 90% of airlines - including British Airways, Air France and Virgin Atlantic - are opposed. A spokesman for the mayor said they would consider the findings. read more

Councillors: ‘We must improve our economy’

Published: 2010-03-04 10:21:33

Councillors are calling for improvements to Copeland’s economy, following a regional report. (Sourced from Whitehaven News.)
 
The proposals looked at how the economy could be developed in the year to come and focused on cities such as Liverpool, Manchester and Preston. read more

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