The economic impact of regeneration schemes on local growth

Latest News Tue, Mar 22, 2016 5:34 PM

The economic impact of regeneration schemes on local growth

Constructing Excellence in the North East (CENE) is holding a briefing session on 4 June for companies in the regeneration and construction supply chains.

They will learn at first-hand about the opportunities that are being created by regeneration projects in the region.

Neil Graham, Head of North East Economic Assets at the Homes and Communities Agency (HCA), and formerly at the Regional Development Agency (RDA) ONE NorthEast, is among the speakers. He will provide insights into the potential for local economic growth created by regeneration projects which are kick-started through public investment.

The HCA is driving the development and regeneration of land, including that owned by the former RDAs, and is working with local partners to create communities where people want to live by providing homes, businesses and jobs on the sites.

The HCA has an existing portfolio of land and has also been confirmed as the preferred agency to dispose of surplus public sector land throughout the North East and has already worked on sites previously owned by Network Rail and the Ministry of Justice. It is driving development and regeneration plans by working with local partners to help create local economic growth on the sites.

The other speakers will be Trudie McCormick, Southdale’s Managing Director for the North East region, and Damien Wilson, Hartlepool Borough Council’s Assistant Director (Regeneration).

Southdale, a construction and development specialist, is looking to put almost £28 million of new work into the local supply chain after winning a number of significant contracts across the region. The firm, which is based in Darlington, is about to start work at sites in Gateshead, South Tyneside and Teesside.

Hartlepool Borough Council is about to begin drawing up a  Regeneration Master Plan with keysites including Jacksons Landing - which could become new leisure and tourism facilities or a mixed-use development.

The Master Plan process for the area will also consider the future retail potential of the town centre and a Retail Revival Strategy will be prepared.

Henderson Insurance Brokers and Sanderson Weatherall have joined forces with CENE to host the Regeneration Briefing.

The event takes place at 8.30am on Wednesday June 4 2014 at CENE’s offices in Belmont Business Park, Durham.

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