Regeneration - Communities and Local Government Committee Contents


Further written submission from the Association of Greater Manchester Authorities

DELIVERY OF MAJOR PHYSICAL REGENERATION PROJECTS

In discussion with the Select Committee the issue of current problems in delivering major regeneration priorities was raised.

There is a need to recognise that major land based regeneration programmes to deliver economic growth can only be brought forward if there is both a long term strategic commitment and an investment based approach to the delivery of enabling infrastructure.

Current funding programmes do not lend themselves to these approaches and it is essential, in moving forward, that we enable local partners to develop the capability to address investment needs through such mechanisms.

This will be key to the delivery of sites of major regional and national significance. Carrington, in the south of the borough of Trafford, represents such a strategic priority and is recognised as a one of the few major brownfield opportunities to drive economic growth at scale within the Greater Manchester Combined Authority area.

As part of a review of GM wide strategic sites by the Association of Greater Manchester Authorities (AGMA) Carrington was identified as one of the top priority future employment opportunities because of its strategic location and vast scale.

Trafford Council is now working closely with the landowner and the core capacity established at a Greater Manchester level in order to facilitate the early phased delivery of the scheme.

Carrington comprises over 390 hectares of land of which almost 50% is in single ownership (Shell) which has the capacity to deliver over 10,000 new jobs and 2,500 new homes over the next 25 years, through a process of phased development.

The plan below provides a geographical context of its position adjacent to the GM regional centre and to assist in appreciating the scale of the opportunity, the site is shown set against other national examples.

Working alongside the two major private sector landowners (Shell/Their Development Partner & Peel Holdings) Trafford Council is focused on unlocking the potential of this whole western area of the Borough, revitalising the deprived communities of Partington and Sale West on its boundaries and neighbouring ones in Salford.

In the period through to 2026 (the period covered by Trafford's emerging Core Strategy), the Shell Carrington site alone, is expected to deliver:

—  1,560 residential units.

—  Up to 75 hectares of land for employment activities.

—  Contributions towards a scheme to mitigate the impact of traffic generated by development on the Strategic, Primary and Local Road Networks.

—  Significant improvements to public transport infrastructure.

—  Community facilities, including convenience retail, school, health provision and recreational facilities of a scale appropriate to the needs of the new community.

—  High quality green infrastructure.

This huge opportunity will complement other well developed major investments and employment opportunities in the wider Carrington including:

—  The £280 million investment by SAICA to establish a state of the art Paper Mill creating 200 new end user jobs—to open in 2011.

—  ESB International/Carlton Power being granted permission to construct an 860MW Combined Cycle Gas Turbine. This investment is worth £1,100 million and will create some 1,400 construction jobs during construction and 110 full time operational jobs. Similar power plants in operation elsewhere for the past five years have spent in the region of £5.5 million with local companies.

—  National Grid submitting an application for a new employment zone to create a 94,000 square metre employment space ranging for workshops to warehouses at its disused site. This will create 1,600 new jobs and up to 2.000 construction jobs.

The site can only be brought forward on the back of significant investment in transport and accessibility improvements, green infrastructure, new utilities and services, sustainable energy management measures and, potentially, significant land remediation.

These investment challenges can only be met if local partners have the ability to invest and then recycle return from higher values generated from that investment. The advent of tax increment financing models will enable some of this investment to be achieved and it is clear that, in a site of the significance and complexity of Carrington, the greatest possible role of flexibility will be needed to enable public private partnerships to be developed on the basis of different investment models that command best fit in terms of specific elements of infrastructure delivery.

The Greater Manchester Combined Authority and Local Enterprise Partnership are uniquely placed to deliver robust investment management and to maximise leverage from the private funding market where there is significant appetite to co-fund investment strategies with the public sector.

Carrington is a top priority for investment in Greater Manchester priority and also a major potential generator of resources and economic growth in the longer term. It is the acceleration of the delivery of strategic opportunities such as this which Government can facilitate through supporting the Greater Manchester approach to its overall investment model as a project as significant as Carrington will require significant up front funding that can only realistically be delivered on the basis of an investment approach, enabling the recycling of investment through uplift in value and an agreed long-term engagement with private sector partners.

June 2011

CARRINGTON—LOCATION PLAN


THE SCALE OF THE OPPORTUNITY IN COMPARATIVE CONTEXT







 
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Prepared 3 November 2011