LAUNCH OF DERBY CITY COUNCIL

LEISURE STRATEGY

and

REGENERATION FUND

23 NOVEMBER 2010

COUNCILLOR ALAN GRIMADELL

CABINET MEMBER

DERBY CITY COUNCIL

23 NOVEMBER 2010

ADAM WILKINSONCHIEF EXECUTIVE

DERBY CITY COUNCIL

Introduction to

- Leisure Strategy- Regeneration Fund

ROUNDHOUSE

Roundhouse £50million

Council capital programme

£300million

QUAD

QUAD - £8million

CONNECTING DERBY

£40million -Completion March 2011

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

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

£34million new build and part refurbishment

COUNCIL HOUSE

LONGBRIDGE WEIR HYDRO ELECTRICITY PLANT

£2million

Start on site early 2011

Power for the CouncilHouse and the NationalGrid

HOUSING PFI

Housing PFI

(Awaiting final approval from Treasury)

Start on site mid-2011£22million

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

CITY COUNCIL LEISURE STRATEGY –

£50MILLION

- Replacement of buildings in poor condition eg Moorways

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

LEISURE FACILITY STRATEGY –STANDARD PROCUREMENT

- 2 Hubs – Swimming Pool and Velodrome

- 2/3 sites identified for

each

LEISURE FACILITY STRATEGY –STANDARD PROCUREMENT

- 2 Hubs – Swimming Pool and Velodrome

- 2/3 sites identified

for each

LEISURE HUBS

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

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

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

OFFICE DEVELOPMENTS

Early schemes funded

- Developments with planning permission

- Site ownership

- Early starts possible

- Concentrating on office schemes, and commercial/mixed-use

RICHARD WILLIAMS

DIRECTOR OF REGENERATION

DERBY CITY COUNCIL

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

REGENERATION FUND

Potential Funding Mechanisms:

– Equity investment JVs

– Debt finance

– rent guarantees

– Direct acquisitions/development

– Gap funding

REGENERATION FUND

- How to qualify?

- Thomas Lister role

- Swift application process

- Preliminary project assessment – 1 week

- Progression to outline application stage

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

REGENERATION FUND

- Full application – 2 weeks

- Full project appraisal including build cost, specification and programme

- Recommendation to Council Members

REGENERATION FUND

- Role of Thomas Lister

- Role of Council and Partnership Team

- Investments based on Value for Money and outputs

REGENERATION FUND

- Target outputs

- Private sector investment

- Jobs

- BREEAM excellence

- New build and redundant/under utilised buildings

- Sustainable mixed-use developments

REGENERATION FUND

- Next Steps

- Derby Regeneration Website www.derbyregenerationfund.co.uk

- Recommendations for first round of investments to Cabinet in March 2011

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

www.derbyregenerationfund.co.uk