Steve Pearce Regeneration Director, RegenCo East Hampshire ... Opportunities and... · Steve Pearce...

Steve Pearce

Regeneration Director, RegenCo

East Hampshire District Council

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

Mind the gap

££££££££££££££££££££££££££££££££££££££££££££

£70 Million££££££££££££££££££££££££££££££££££££££££££££££££

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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

Economic modelling:

adding value to local economy

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%

Relationship matrix (illustrative)

Streamlined Governance

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

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

Modelling, Relationships,

Investment - Delivery

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