steve pearce regeneration director, regenco east hampshire ... opportunities and... · steve pearce...
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Steve Pearce
Regeneration Director, RegenCo
East Hampshire District Council
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EHDC/RegenCo -
Accelerating Delivery
• Scheme of strategic significance
• Funding gap - a barrier to delivery
• Economic modelling
• Partnership relationship building
• Demonstrating benefits for all
• Investment in infrastructure
• Overcoming barriers - accelerating delivery
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Mind the gap
££££££££££££££££££££££££££££££££££££££££££££
£70 Million££££££££££££££££££££££££££££££££££££££££££££££££
££££££££££££££££££££££££££££££££££££££££££££££££
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££££££££££££££££££££££££££££££££££££££££££££££££
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Scheme or No Scheme
- Deal or No Deal?
• Land receipt for MOD
• Approval at Local Plan
• Approval in local community
• Support from key stakeholders
• DCLG, HCA, HCC and LEP
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Economic modelling:
adding value to local economy
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Economic modelling:
adding value to local economy
Market-led
regeneration
Our scheme – early
investment in
infrastructure
% increase
Capital
investment
£403m £650m +61%
Construction
jobs
473 764 +61%
Permanent
jobs
3,360 6870 +96.5%
Economic
output
£1.3bn £3.4bn 161.5%
Resident
expenditure
£548m £850m +55%
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Relationship matrix (illustrative)
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Streamlined Governance
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Contributions from the Partnership
• DIO - patient investor - maximum return
• LEP - investment in infrastructure - £32M
• HCA - investment in infrastructure and marketing - £10M+
• HCC - investment in education and training - £10M+
• DFE - investment in education - £6-8M
• EHDC - investment in leisure and inward investment - £5M
• DIO/landowner - s106 review mechanism - up to £10M
• TOTAL ………………………………………c. £74M
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Capturing land value
for community benefit
• ‘Open book’ approach to development
• S106 and other mechanisms to capture value
• Periodic review as values rise
• Community development trust
• Investment in local community – education, skills,
jobs, facilities, services
• ‘Thinkpiece’ – Capturing land value for the benefit of
the community
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Modelling, Relationships,
Investment - Delivery
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Thank you
For more information please see:
• www.whitehillbordon.com
• @WhitehillBordon
• www.facebook.com/whitehill.bordon
• www.easthants.gov.uk/regenco
• Steve Pearce - 07961 111 988