regeneration launch 23.11.10
DESCRIPTION
This information was presented at the Derby Regeneration Fund Event Launch at The Roundhouse, Derby on 23rd November 2010 by Cllr Alan Grimadell, Adam Wilkinson and Richard Williams from Derby City Council.Derby City Council has made a massive statement of intent this week by launching a new £10m Regeneration Fund to support new development in the city. The City Council has expressed its desire to be at the forefront of economic interventions during this current economic climate and the £10m fund is one manifestation of this.The fund is seeking to support property development schemes that will deliver high quality and sustainable accommodation that will support high added value businesses within or impacting upon Derby City centre. Funding from £400,000 to £4 million per project is available to private sector companies including landowners, developers and owner occupiers seeking to deliver property projects with Derby City Council investment partner. For more details including instructions for making an expression of interest, visit www.derbyregenerationfund.co.uk or call Thomas Lister on 01527 871 640.TRANSCRIPT
![Page 1: Regeneration launch 23.11.10](https://reader033.vdocuments.site/reader033/viewer/2022060109/5551d5b0b4c905c2388b5012/html5/thumbnails/1.jpg)
LAUNCH OF DERBY CITY COUNCIL
LEISURE STRATEGY
and
REGENERATION FUND
23 NOVEMBER 2010
![Page 2: Regeneration launch 23.11.10](https://reader033.vdocuments.site/reader033/viewer/2022060109/5551d5b0b4c905c2388b5012/html5/thumbnails/2.jpg)
COUNCILLOR ALAN GRIMADELL
CABINET MEMBER
DERBY CITY COUNCIL
23 NOVEMBER 2010
![Page 3: Regeneration launch 23.11.10](https://reader033.vdocuments.site/reader033/viewer/2022060109/5551d5b0b4c905c2388b5012/html5/thumbnails/3.jpg)
ADAM WILKINSONCHIEF EXECUTIVE
DERBY CITY COUNCIL
Introduction to
- Leisure Strategy- Regeneration Fund
![Page 4: Regeneration launch 23.11.10](https://reader033.vdocuments.site/reader033/viewer/2022060109/5551d5b0b4c905c2388b5012/html5/thumbnails/4.jpg)
ROUNDHOUSE
Roundhouse £50million
Council capital programme
£300million
![Page 5: Regeneration launch 23.11.10](https://reader033.vdocuments.site/reader033/viewer/2022060109/5551d5b0b4c905c2388b5012/html5/thumbnails/5.jpg)
QUAD
QUAD - £8million
![Page 6: Regeneration launch 23.11.10](https://reader033.vdocuments.site/reader033/viewer/2022060109/5551d5b0b4c905c2388b5012/html5/thumbnails/6.jpg)
CONNECTING DERBY
£40million -Completion March 2011
![Page 7: Regeneration launch 23.11.10](https://reader033.vdocuments.site/reader033/viewer/2022060109/5551d5b0b4c905c2388b5012/html5/thumbnails/7.jpg)
SCHOOLS
New Noel Baker Community
and Language College and
St Martin’s Special School
- Start on site December 2010 £37million
- Plus Village Primary School £7million
![Page 8: Regeneration launch 23.11.10](https://reader033.vdocuments.site/reader033/viewer/2022060109/5551d5b0b4c905c2388b5012/html5/thumbnails/8.jpg)
SCHOOLS
Building Schools for the Future
- Derby Moor Community Sports College – new build and part refurbishment Start on site January 2011 - £20million
- Plus new Sinfin Community School - £17million
![Page 9: Regeneration launch 23.11.10](https://reader033.vdocuments.site/reader033/viewer/2022060109/5551d5b0b4c905c2388b5012/html5/thumbnails/9.jpg)
£34million new build and part refurbishment
COUNCIL HOUSE
![Page 10: Regeneration launch 23.11.10](https://reader033.vdocuments.site/reader033/viewer/2022060109/5551d5b0b4c905c2388b5012/html5/thumbnails/10.jpg)
LONGBRIDGE WEIR HYDRO ELECTRICITY PLANT
£2million
Start on site early 2011
Power for the CouncilHouse and the NationalGrid
![Page 11: Regeneration launch 23.11.10](https://reader033.vdocuments.site/reader033/viewer/2022060109/5551d5b0b4c905c2388b5012/html5/thumbnails/11.jpg)
HOUSING PFI
Housing PFI
(Awaiting final approval from Treasury)
Start on site mid-2011£22million
![Page 12: Regeneration launch 23.11.10](https://reader033.vdocuments.site/reader033/viewer/2022060109/5551d5b0b4c905c2388b5012/html5/thumbnails/12.jpg)
CASTLEWARD URBAN VILLAGE
- £100million
- 20 year partnership
- 800 dwellings, new nursery and primary schools, community building, retail/ commercial, active boulevard frontages
- Phase 1: Spring 2012 140 units, 5 acres
![Page 13: Regeneration launch 23.11.10](https://reader033.vdocuments.site/reader033/viewer/2022060109/5551d5b0b4c905c2388b5012/html5/thumbnails/13.jpg)
CITY COUNCIL LEISURE STRATEGY –
£50MILLION
- Replacement of buildings in poor condition eg Moorways
![Page 14: Regeneration launch 23.11.10](https://reader033.vdocuments.site/reader033/viewer/2022060109/5551d5b0b4c905c2388b5012/html5/thumbnails/14.jpg)
Survey of building stock and sporting facilities in2009 identified
– Deteriorating and ageing stock
– Suffered from years of under-investment
– Need for significant refurbishment or replacement
– To ‘stand still’ would require £18m investment
– Lack of regional facilities
– Need to spend over £20m on repairs/refurbishment in coming years
MOORWAYS
![Page 15: Regeneration launch 23.11.10](https://reader033.vdocuments.site/reader033/viewer/2022060109/5551d5b0b4c905c2388b5012/html5/thumbnails/15.jpg)
LEISURE FACILITY STRATEGY –STANDARD PROCUREMENT
- 2 Hubs – Swimming Pool and Velodrome
- 2/3 sites identified for
each
![Page 16: Regeneration launch 23.11.10](https://reader033.vdocuments.site/reader033/viewer/2022060109/5551d5b0b4c905c2388b5012/html5/thumbnails/16.jpg)
LEISURE FACILITY STRATEGY –STANDARD PROCUREMENT
- 2 Hubs – Swimming Pool and Velodrome
- 2/3 sites identified
for each
![Page 17: Regeneration launch 23.11.10](https://reader033.vdocuments.site/reader033/viewer/2022060109/5551d5b0b4c905c2388b5012/html5/thumbnails/17.jpg)
LEISURE HUBS
![Page 18: Regeneration launch 23.11.10](https://reader033.vdocuments.site/reader033/viewer/2022060109/5551d5b0b4c905c2388b5012/html5/thumbnails/18.jpg)
LEISURE FACILITIES STRATEGY – OPPORTUNITIES FOR DEVELOPERS
- Basic package – one or both sites
- Further hub sites may be proposed
- Options to range from turnkey package to Council ownership
- Private sector faster and more experienced in site assembly
- Leading to OJEU process
![Page 19: Regeneration launch 23.11.10](https://reader033.vdocuments.site/reader033/viewer/2022060109/5551d5b0b4c905c2388b5012/html5/thumbnails/19.jpg)
PROCUREMENT OF DERBY’S LEISURE STRATEGY
Launch Event
Formal Market Sounding:One to One Workshops
Project Refinement
OJEU Procurement
- 23 November 2010
- January 2011 (8 weeks)
- February 2011 (4 weeks)
- March 2011
![Page 20: Regeneration launch 23.11.10](https://reader033.vdocuments.site/reader033/viewer/2022060109/5551d5b0b4c905c2388b5012/html5/thumbnails/20.jpg)
REGENERATION FUND - £10MILLION
- No city centre offices in last 20 years
- Other developments eg Riverlights
- Brief for Regeneration Fund framed in discussion with developers
- Addressing market failure
![Page 21: Regeneration launch 23.11.10](https://reader033.vdocuments.site/reader033/viewer/2022060109/5551d5b0b4c905c2388b5012/html5/thumbnails/21.jpg)
OFFICE DEVELOPMENTS
Early schemes funded
- Developments with planning permission
- Site ownership
- Early starts possible
- Concentrating on office schemes, and commercial/mixed-use
![Page 22: Regeneration launch 23.11.10](https://reader033.vdocuments.site/reader033/viewer/2022060109/5551d5b0b4c905c2388b5012/html5/thumbnails/22.jpg)
RICHARD WILLIAMS
DIRECTOR OF REGENERATION
DERBY CITY COUNCIL
![Page 23: Regeneration launch 23.11.10](https://reader033.vdocuments.site/reader033/viewer/2022060109/5551d5b0b4c905c2388b5012/html5/thumbnails/23.jpg)
PROCUREMENT OF DERBY’S LEISURE STRATEGY
Launch Event
Formal Market Sounding:One to One Workshops
Project Refinement
OJEU Procurement
- 23 November 2010
- January 2011 (8 weeks)
- February 2011 (4 weeks)
- March 2011
![Page 24: Regeneration launch 23.11.10](https://reader033.vdocuments.site/reader033/viewer/2022060109/5551d5b0b4c905c2388b5012/html5/thumbnails/24.jpg)
REGENERATION FUND
Potential Funding Mechanisms:
– Equity investment JVs
– Debt finance
– rent guarantees
– Direct acquisitions/development
– Gap funding
![Page 25: Regeneration launch 23.11.10](https://reader033.vdocuments.site/reader033/viewer/2022060109/5551d5b0b4c905c2388b5012/html5/thumbnails/25.jpg)
REGENERATION FUND
- How to qualify?
- Thomas Lister role
- Swift application process
- Preliminary project assessment – 1 week
- Progression to outline application stage
![Page 26: Regeneration launch 23.11.10](https://reader033.vdocuments.site/reader033/viewer/2022060109/5551d5b0b4c905c2388b5012/html5/thumbnails/26.jpg)
REGENERATION FUND
- Outline application stage – 2 weeks
- Application form on Derby Regeneration website www.derbyregenerationfund.co.uk
- Development appraisal
- Selected schemes move to full application stage
![Page 27: Regeneration launch 23.11.10](https://reader033.vdocuments.site/reader033/viewer/2022060109/5551d5b0b4c905c2388b5012/html5/thumbnails/27.jpg)
REGENERATION FUND
- Full application – 2 weeks
- Full project appraisal including build cost, specification and programme
- Recommendation to Council Members
![Page 28: Regeneration launch 23.11.10](https://reader033.vdocuments.site/reader033/viewer/2022060109/5551d5b0b4c905c2388b5012/html5/thumbnails/28.jpg)
REGENERATION FUND
- Role of Thomas Lister
- Role of Council and Partnership Team
- Investments based on Value for Money and outputs
![Page 29: Regeneration launch 23.11.10](https://reader033.vdocuments.site/reader033/viewer/2022060109/5551d5b0b4c905c2388b5012/html5/thumbnails/29.jpg)
REGENERATION FUND
- Target outputs
- Private sector investment
- Jobs
- BREEAM excellence
- New build and redundant/under utilised buildings
- Sustainable mixed-use developments
![Page 30: Regeneration launch 23.11.10](https://reader033.vdocuments.site/reader033/viewer/2022060109/5551d5b0b4c905c2388b5012/html5/thumbnails/30.jpg)
REGENERATION FUND
- Next Steps
- Derby Regeneration Website www.derbyregenerationfund.co.uk
- Recommendations for first round of investments to Cabinet in March 2011
![Page 31: Regeneration launch 23.11.10](https://reader033.vdocuments.site/reader033/viewer/2022060109/5551d5b0b4c905c2388b5012/html5/thumbnails/31.jpg)
REGENERATION FUND
When to apply?
- Now and ongoing until fund satisfied
- Pick up a “flyer”, available here
- The City Council Regeneration Team and Thomas Lister are here today if you want to see them
- See the web site www.derbyregenerationfund.co.uk