Regen launch 23.11.10
32
LAUNCH OF DERBY CITY COUNCIL LEISURE STRATEGY and REGENERATION FUND 23 NOVEMBER 2010
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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 of Regen launch 23.11.10
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
