Derby City Embassy - MIPIM 2011

Cllr Harvey JenningsLeader, Derby City Council

Derby City Embassy Sponsors:

John ForkinManaging Director, Marketing Derby

““Derby has the highest proportion of high-tech employment in the UK.” David Cameron – 7th March 2011

(source: State of the Cities)

UK Average 2.96%

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UK’s Number One City for High-Technology

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12,000 Employees

10,000 Office Employees

300 Employees

300 Office Employees (100%)

20 Employees

20 Office Employees (100%)

New City Centre Office Requirement

Derby – Labour Pool Travel to Work Area (45 Minutes from City Centre)

1,716,686

Nottingham Travel to Work Area (45 Minutes from City Centre)

1,716,686

1,496,121

“ “Derby is attracting an influx of well-qualified professionals seeking a higher quality of life.”

The Financial Times

Wealthy Executive

s

Affluent Greys

Flourishing

Families

Secure Families

Settled Suburbia

UK Average

Derby Profile

“ “Art in the heart of England.”

“ “One of the world’s top ten easy trips.”

“ “Derby...The crossroads of history”

Adam WilkinsonChief Executive, Derby City Council

MIPIM 2011

1. Council Investments in City Centre2. Accommodation Strategy3. Leisure Strategy4. Castleward Urban Village5. Regeneration Fund6. The Future

City Council Investments

• Connecting Derby £40 million completion March 2011

• Roundhouse £50 million

• QUAD £8 million

• Public Realm (Bridges, Cathedral Green etc) £15 million

Investment in Infrastructure: Wayfinding Strategy £1 million• Signage and information boards

being installed now

• UK’s first electronically tagged city – 80 tags in phase 1

- Information for visitors- Links to live websites

Council Investment: Council House

• £34 million new build and part refurbishment

Council Investment: Longbridge Weir Hydro Electricity Plant• £2million

• Start on site early 2011

• Power for the Council House and the National Grid

Leisure Facility Strategy

• £50 million total

• Swimming Pool Hub

• 2/3 sites identified for each

• Plus ‘testing the market’

Leisure Facility Strategy

• Multi-functional Sports Facility Hub

• 2/3 sites identified for each

• Plus ‘testing the market’

• OJEU being prepared now

Investment in Key Schemes: Castleward Urban Village• £100million

• 20 year partnership

• 800 dwellings, new nursery and primary schools, community building, retail/ commercial, active boulevard frontages

Investment in Key Schemes: Castleward Urban Village• Phase 1: Spring 2012 = 140 units, 5

acres

• Boulevard Phase 1

Regeneration Fund: £10 Million

• MIPIM Launch in 2010

• No city centre offices in last 20 years

• Other developments e.g. Riverlights

• Brief for Regeneration Fund framed in discussion with developers

• Addressing market failure

Regeneration Fund: Early Schemes Funded• Developments with planning

permission

• Site ownership

• Early starts possible

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

Regeneration Fund: First Commitments

• Darley Abbey Mills including World Heritage Site

• Cathedral Quarter Enterprise Centre - £1m match to £3m ERDF bid

• Castleward site acquisitions - £1m

Regeneration Fund• Targets over lifetime of Fund:

- 200,000 sq.ft new offices- £75m private sector investment- 500 skilled jobs created or attracted

• Cabinet on 15 March with schedule of potential funding:

- Confirming Castleward acquisitions, ERDF match and Darley Abbey Mills

- 5 key schemes for approval totalling £10m maximum Regeneration Fund contribution

Regeneration Fund• All of the approved schemes will be

implemented – space for another 2 or 3 in next phase

• All approved schemes will start in 2011/12 – a balanced portfolio of projects

www.derbyregenerationfund.co.uk

Regeneration Fund: Outputs in Phase 1Job created/safeguarded - 860

Private Sector Investment - £17.95m

BREEAM Excellent Floorspace - 101,061 sq.ft

Floorspace Refurbished - 25,866 sq.ft

- Initial investments in first two years - £10m- Direct leverage through 50% JVs = 2:1- Indirect leverage through related schemes, Public Realm, S106 etc – 7.5:1

Derby Plan (Derby City Partnership)

Economic Strategy (Derby Renaissance Board)

City Centre Regeneration Framework

Economic Strategy 2011-2016

• Derby Renaissance Board Ownership• Key Outcomes

- 5,700 new jobs by 2016- More new businesses and more hi-tech businesses- More use of shopping, leisure and tourist facilities- Fewer carbon emissions from industry and transport- A better built and natural environment- More good quality affordable housing

City Centre Regeneration Framework

• Steered development over the last 5 years – 480 hotel bed spaces, 1m sq.ft of planning consents

• Reviewing existing Masterplans

• New City Centre Regeneration Framework will address the challenges of the next 5 years

Infrastructure

We will build on our investment in:

• Public Realm• Connecting Derby• Rail• Superfast Broadband

Regeneration Fund• Recycle proceeds• Extend range/type of investments• Total lifetime outputs as predicted

Bob BettsChairman, Marketing Derby

Join us at…

“Mini-MIPIM”

The Derby Property ShowWednesday 11th May 2011Pride Park Stadium

Thank You