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Innovation in regeneration finance

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Platinum sponsor:

John Laing

Workshop sponsors:


CBRE
Colliers International

McGrigors LLP

Pinsent Masons

PwC

Regenter

Squire, Sanders & Dempsey

Event partners:


Core Cities

Local Partnerships

Media partners:

PPP Bulletin
LGN

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3FoxInternational

Latest News

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Local Partnerships advisory body starts up

Published: 2009-09-22 09:12:32

Local Partnerships is the new organisation taking over the work formerly done by Partnerships UK (PUK) and 4ps. Jointly owned by PUK and the Local Government Association, Local Partnerships provides support and advice to local authorities and other public sector bodies on capital funding for infrastructure projects, including all PFI and PPP schemes.
 
Not just a simplification of the previous arrangements, Local Partnerships is also central to the government’s ambition to improve efficiency by getting multiple government organisations to work together on the provision of services. Potential partners are wide ranging and, besides local authorities, include primary care trusts, probation boards, police authorities and third sector social enterprises. read more

New HCA funding for low carbon projects

Published: 2009-09-22 09:09:41

Funding for the second round of the Homes and Communities Agency’s (HCA’s) low carbon infrastructure initiative has been announced. Totalling £8.8 million, this adds to the first round of £12 million awarded in July. The whole initiative comes from a partnership between the Department for Communities and Local Government and the Department of Energy and Climate Change. It aims to fund infrastructure that links up local low carbon energy plants with both new and existing housing developments.
 
The seven successful second round bidders are in London (Hackney and Greenwich), Birmingham, Coventry, Leeds, Gosport and South Gloucestershire. The actual work includes laying pipes to housing estates, building biomass CHP energy plants and installing ground source heat pumps. This is part of the government’s “Building Britain’s Future” policy launched in the 2009 budget and, theoretically at least, covers £50 billion of low-carbon investment over the three years to 2011. read more

Opposition to Nottingham Workplace Parking Levy

Published: 2009-09-22 09:08:29

The Workplace Parking Levy (WPL) is an idea favoured by the Department of Transport that enables councils to levy a charge on parking spaces provided by employers. The intention is to encourage employees and business visitors to stop using their cars, besides also generating income that would be ring-fenced for improvements in local public transport.
 
The AA and the British Chambers of Commerce have lobbied strongly against WPL, claiming it could cost over £3 billion if adopted by every English local authority. read more

TIF: key to economic and social improvement

Published: 2009-09-22 09:06:21

"It’s time to get back to basics and remember that this is about generating economic and social outcomes in our major cities," Core Cities director Chris Murray told SocInvest. His concern is that while the all-important details of proposed tax increment financing (TIF) are being thrashed out with Government and Treasury groups, the real prize of stimulating the economic growth should not be forgotten.
 
Observing that many regeneration schemes have stalled in the recession, he said: "If we forward-fund infrastructure then developers will be more interested in funding development. Without TIF it is hard to see this happening in the present economic climate and this is a mechanism we should move to pilot. read more

Adapt or die

Published: 2009-09-22 08:23:57

The past 12 months have seen the UK property market turned on its head. Sites that were once developers' most prized assets have become expensive millstones around their necks as demand for residential and commercial property has slumped.(Sourced from Regeneration & Renewal.)
 
The public sector has suffered from the same malaise. For local authorities and other public bodies, control of land has been one of their chief bargaining chips in dealings with private developers. Encouraged by rising property values during the middle years of this decade, the public sector began to develop sophisticated partnerships in an attempt to attract private investment. One of the most popular of these new arrangements has been the local asset-backed vehicle (LABV), a series of which have sprung up over the past five years (see box). However, with development sites reduced to a fraction of their former value, the attractiveness of LABVs to the public and private sectors is now being questioned. read more

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