NV_Business_Plan_FINAL1221724522

Page 10

6. SITE IDENTIFICATION 6.1

SITE FINDING PROPOSALS

The target is delivery of six Network villages and 300,000 sq ft of employment space within a seven year timeframe. The proposed programme for securing further sites for development are two sites in 2008, two in 2009, and a sixth in 2010. The first site at Murton is located in the north east and therefore the proposed target is to identify and enter into agreements for two further sites in 2008 – say one in Yorkshire and one in the East Midlands. A programme of meetings and presentations is being developed. Initial meetings and presentations will be at a regional level with a programme of presentations and meetings with key individuals in English Partnerships and the RDAs. This will then progress to local authorities, HMR pathfinders and URCs. It is anticipated that there will also be ‘windfall’ type opportunities identified outside the initial search areas.

6.3 INITIAL SITE ASSESSMENT We would also aim to meet with senior property consultants who specialise in public sector regeneration and development. These individuals have knowledge of local authority regeneration initiatives and plans for high quality sustainable mixed-use development where the Network Village concept would be appropriate.

Initial Site Assessments (ISA) will be considered at monthly Network Space Operations meetings. Key points to be considered are as follows:

The ISA will be carried out using available information and will then be considered at the next Operations Meeting allowing a minimum of two weeks for an assessment. The site will be considered against the key points and the ISA will take the form of a concise report.

Timescale for delivery Initial market assessment of supply/demand for high quality employment space and housing

Following a positive ISA - a budget for the appointment of a development team will be agreed along with a programme for the completion of an Outline Project Proposal (OPP). This will be a more detailed assessment of the site and preparation of a proposed scheme to be considered by the Network Space Board.

Site is of sufficient size to deliver residential that will fund the development of the site and the provision of the employment space

It is anticipated that sites are more likely to be secured on a negotiated basis rather than open competitive tendering. Network Space has been developing in the coalfield areas since 1999. Langtree has in depth knowledge of the market for employment space in many of these areas and English Partnerships through its key role in the National Coalfields Programme has detailed knowledge of the communities and former colliery sites within the coalfield areas.

Achieving high standards of development i.e. BREEAM excellent and Code for Sustainable Homes minimum of Level 4

Following completion of the OPP, and subject to recommendations, approval would be granted by Network Space Board to conclude negotiations with the landowners (enter into a development agreement) and proceed with the preparation of a planning application and detailed site investigations and assessments.

High level of sustainable development Potential for wider benefits for the local community Overall scheme to be commercially viable

6.2 SITE DELIVERY PROGRAMME The indicative development programme outlined below indicates that the period for delivery from site identification through to completion is likely to take 3 - 4 years.

An indicative programme for site identification and development is as follows:

Period Month no. 4 weeks

1

Outline Project Proposal

2 months

2-3

Masterplan & Planning Application

6 months

4-9

Consideration of Planning Application

4 months

10 - 13

Detailed design & tender

6 months

14 - 19

Site remediation & Infrastructure

6 months

20 - 25

4 months

16 - 19 20 - 25

12 months

26 - 37

Initial Site Assessment

Marketing & Sale of Residential Land Construction of Buildings

PAGE 18/19 SITE IDENTIFICATION

Site

Identification & Agreement

Start Construction

Completion

1 Murton

2007

2008

2010

2

2008

2009

2011

3

2008

2010

2012

4

2009

2011

2013

5

2009

2011

2013

6

2010

2012

2014


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