Category Archives: Climate Change
Developers are being sought to transform a derelict site in Portsmouth that will create 1,500 jobs and see the building of up to 1,600 new homes.
The Homes and Communities Agency (HCA) has announced it is seeking a development partner to build and market the first 80 new and affordable homes at its site in Tipner. Work by Portsmouth City Council includes the creation of a new motorway interchange and park-and-ride facility.
The site has undergone an extensive clean-up over the last year, which has seen the HCA invest around £3 million in preparing it for residential development.
This work has been carried out by specialist construction company the Tamdown Group, who have worked closely with local residents to keep them informed about progress on the site over the last year.
Kevin Bourner, HCA head of area, said: “This first phase of development marks an incredibly important step for a project which stands to make a hugely positive contribution to the local community and wider economy over the long-term.
“It will set the standard and tone of the rest of the development and demonstrates to those who have backed the project for so long that progress is being made. This is a complex project, which has required a great deal of work to get to this stage.
“I am confident that prospective partners will see what a fantastic opportunity this represents to be part of an exciting scheme that has the potential to regenerate the area for future generations.”
Kathy Wadsworth, director of regeneration at Portsmouth City Council, added: “Tipner will be an important new residential and employment area at the gateway to the city, with major new transport infrastructure and waterside developments.
“It is a major part of our plan to bring £1 billion worth of investment into the city. The new motorway junction will enable more development in the area, and the park-and-ride will cater for visitors to our new-look city centre, which is being planned now.”
An extra £1.3 billion has been spent on building affordable homes, new health facilities and schools in the past year, the Welsh government has said.
Jane Hutt said that despite cuts to the capital Budgets, the Welsh Government has focused on important priorities of creating new jobs and boosting economic growth.
Ms Hutt said: “The additional investment we have made from capital reserves, totalling almost £462m, in the short term has the potential to create around 8,000 jobs during construction phases. In the longer term, this will boost growth and support the delivery of more efficient public services.
“In addition we have continued to work across the Welsh Government to maximise our opportunities. For example, we have worked to develop an Infrastructure Priority in the 2014 – 2020 European Structural Fund Programmes.
“A potential £1.8bn source of investment which could make a significant contribution to the delivery of our key priorities.”
The additional infrastructure investment in Wales will see a number of construction schemes underway including the Local Government Borrowing Initiative to the 21st Century Schools programme and completion of the A465 through a non-dividend investment vehicle
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Britain’s Olympics has delivered a £2.5 billion boost in foreign direct investment (FDI) over the past year, bringing with it more than 31,000 jobs, according to preliminary figures published today.
The investment projects generated following the 2012 Olympics’ British Business Embassy programme of global business summits have helped ensure that the UK has again retained its position as the leading European destination for foreign direct investment.
The preliminary data published today at the Global Investment Conference shows that during 2012-13, UK Trade & Investment (UKTI) recorded 1,462 projects which brought with them or safeguarded 163,489 jobs. Of these 58,170 are new jobs – beating both the quantity of investment attracted and employment secured in the previous year.
The Prime Minister, David Cameron joined other high profile delegates from 40 countries at the Global Investment Conference, including the German and Canadian finance Ministers, Managing Director of the International Monetary Fund Christine Lagarde, global chief executive officers, sovereign wealth funds representatives and corporate investors.
Senior Ministers Chancellor George Osborne, Energy Secretary Ed Davey, Trade Minister Lord Green, Treasury Ministers Greg Clark and Lord Deighton and London Mayor Boris Johnson also spoke to delegates about the UK’s compelling offer as both a hub for global growth and an international investment destination.
Trade and Investment Minister Lord Green said: “Foreign investment creates hundreds of thousands of jobs and helps to increase the productivity and competitiveness of the UK economy. It’s a vital strand of the Government’s plan for growth.
“The 2012 Olympics were a once in a generation opportunity for the UK to showcase to the world Britain’s compelling investment offer and these preliminary figures are very encouraging. Despite strong competition from our traditional competitors and emerging economies, Britain has retained its position as the leading destination for foreign direct investment in Europe.
“To retain the UK’s enviable position as one of the most attractive global locations of choice, Britain will need to continue to work hard to attract high value foreign investment in the coming year and beyond.“
The preliminary data published today compares favourably with last year’s 1406 recorded projects (4% increase) and 112,659 jobs (45% increase). Of the 163,489 jobs, 58,170 are new jobs and 105,319 safeguarded jobs. UKTI and its partners were involved in delivering nearly 84% of the projects. Full results will be published in July.
The next phase of Birmingham City University’s City Centre Campus is set to provide a £28 million boost to local businesses and create new jobs in the trades.
Willmott Dixon was today confirmed as a preferred contractor for the £46 million contract to build phase two of the University’s new campus in the city centre at Eastside, adjacent to Millennium Point in the heart of Birmingham.
The two-year project will also sustain 1,300 jobs and Willmott Dixon has committed to creating 46 new jobs for trainees, apprentices and people currently looking for employment.
With construction starting in June, the company expects £28 million of the build cost to go on sub-contractor packages delivered by firms located within a 20-mile radius of the project.
Phase two is part of the University’s £180 million investment in its estate and will feature a student support hub as well as a new library, teaching and IT space, plus other student-facing support faculties.
The Coleshill-based contractor also built phase one of the University’s masterplan, which features an integrated creative and media hub supported with pioneering technology. This project alone saw over £25 million of contracts spent on companies within a 20-mile radius of the site.
The phase one development has been named The Parkside Building, as it overlooks the newly opened Eastside City Park fronting the University’s flagship city centre campus. The Parkside Building will be open to students from this September.
Peter Owen, managing director for Willmott Dixon in the Midlands, said: “As a local company we take seriously our responsibility to support growth and sustain jobs in Birmingham.
“Our recent investment in the 4Life Academy is an example of this commitment. Now we have been appointed for phase two of Birmingham City University’s City Centre Campus and we’ll work with local companies to ensure they benefit from this huge investment.”
The Secretary of State for Communities and Local Government has approved a vital compulsory purchase order (CPO) that will kick-start a major £330 million campus development and create new jobs.
In November 2012, the landowners agreed a landmark deal with WNDC and the University of Northampton. It could see the area transformed into a state-of-the-art, waterside campus, enabled by a new 1 mile spine road.
Peter Mawson, WNDC’s Chief Executive said: “The University campus will be an unprecedented development for Northampton, breathing new life into its town centre.
“It is the jewel in the crown of an exciting regeneration programme, with nearby projects ranging from a new railway station to riverfront offices starting construction this year”
Professor Nick Petford, Vice-Chancellor at the University of Northampton said: “We are delighted that the Secretary of State has approved the compulsory purchase order which will allow full development of the Avon Nunn Mills site.
“This compulsory purchase order places the University one step closer to realising our plans to create a state-of-the-art Waterside Campus; placing the University in the heart of the community.
“As the Midlands’ most enterprising University of 2013, the University of Northampton fully supports the values of the Enterprise Zone with the creation of jobs, skills and enterprise and looks forward to being a part of the wider plans to regenerate Northampton.”
Carole Stronach, director of real estate for Avon, and the consortium of landowners said: “The University’s campus development plan is a tremendous opportunity and Avon looks forward to working with West Northamptonshire Development Corporation to ensure that the land required to enable the full redevelopment of the Avon Nunn Mills area is brought forward as quickly as possible”.
Plans for the campus development are well advanced, with the University of Northampton looking to submit a planning application this Summer. Subject to securing planning approval and funding arrangements, the University would like construction to start in 2015 and complete in 2018.
RED Property Services has appointed Galliford Try to construct the £13.3 million Old Trafford Supporters Club hotel that will see the building of a 139-bed hotel that will feature supporters’ club facilities and bar, alongside additional retail units.
The £12.5 million contract covers the entire second phase of the project and will create 210,000 sq. ft. of Category A office space in the old Colgate-Palmolive factory that adjoins the Media City complex in Salford Quays.
Muse Developments has contracted Galliford Try to deliver the sixth phase of the Smithfield residential project in Salford. The £10.75 million phase of the development will see the creation of 77 one, two and three-bedroom apartments for private sale, and associated retail units.
Galliford Try Chief Executive Greg Fitzgerald said: “These new contracts build on our track record and in particular our recent successes in Greater Manchester, demonstrating the strength of our regional construction business in all sectors.
“We are delighted to be working on these significant developments for the region, and look forward to continuing to play our part in enhancing the built environment in the North West.”
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The Green Deal will give homes and businesses a new way of paying for energy efficient improvements, such as insulation and new heating systems.
The scheme is expected to support 60,000 jobs in the insulation sector by 2015, providing a real boost for the expanding market of energy efficiency products and the construction industry.
Mr Crabb said: “Thousands of homes across Britain are wasting energy and money because of poor energy efficiency, yet demand for measures to counter this remains low. The Green Deal gives people the opportunity to make this right.
“And today, we will see that it’s not just consumers that will benefit. The Green Deal is also great for business, creating a new market and new jobs.”
The Greendeal programme provides funding of up to £15,000 for each home which can be used to install one or more officially approved Greendeal measures.
Green Deal in numbers
- £125 million is available in the Government funded Cashback Scheme
- 8 million households could benefit from solid wall insulation
- 4 million households could benefit from cavity insulation
- 60,000 jobs are expected to be supported in the insulation sector alone by 2015 – up from 26,000 in 2011
- £3.5 million of funding to training in key Green Deal skills
- £270 a year could be saved if a typical three bedroom semi-detached house installed just solid wall insulation
- 38% of the UK’s total greenhouse gas emissions come from leaky buildings
The government has given the go-ahead for the building of Liverpool’s £425 million Royal University Hospital that will create 750 full-time construction jobs.
The multi-million development is set to employ local people, materials and services where possible to generate an additional £240 million for the local economy and boost the trades.
The Department for Health and the Treasury have approved the funding and the hospital is now assessing bids from two construction companies, Carillion and Horizon, that will design and build the hospital by 2017.
After the bidder is appointed, the hospital will obtain final planning permission and sign contracts, with building construction work expected to begin early next year.
Aidan Kehoe, chief executive, said: “I am delighted that we are now just weeks away from unveiling the design for our new hospital.
“The new Royal is at the very heart of our city and this is a significant step forward in the creation of our world-class hospital.
“It also brings us one step closer to the creation of the Liverpool BioCampus, which has the potential to transform the city, propelling us onto the world stage along with Boston and Singapore.”
What is your reaction to the £425 million funding for the building of new Royal Liverpool University Hospital that will create hundreds of construction jobs and boost the trades? Share your thoughts by commenting here or raise your voice on our Facebook and Twitter pages.
Major industry Players back the Green Deal Finance Company as £244m funding package is ready to flow
The Green Deal Finance Company (GDFC) has confirmed a £244 million funding package to set-up Green Deal Plans that will enable providers across the country to begin work on the scheme.
The GDFC can also confirm the 16 organisations behind the stakeholder loan – all key players in the Green Deal. This package will provide very long-term and low-cost funding to enable householders across all parts of the country to finance energy efficiency improvements to their homes.
The 16 organisations behind the stakeholder loan are key players in the Green Deal, including energy suppliers, potential Green Deal installers and the Department of Energy and Climate Change. They are British Gas, Carillion, CertiNergy, CIGA, the Department for Energy & Climate Change, Domestic and General Insulation, EDF Energy, E.ON, Gentoo, InstaGroup, Kingfisher, Newcastle City Council, RWE npower, PricewaterhouseCoopers LLP, SSE, and ScottishPower.
The financing package consists of:
- committed funding of £69 million from 16 members of the company and other stakeholders in the Green Deal in the form of Stakeholder Loans and Junior Capital
- an additional Junior Capital Facility of £20 million and a Contingent Capital Facility of up to £30m provided by DECC
- a senior debt facility of £125 million provided by the UK Green Investment Bank
Mark Bayley, Chief Executive of the Green Deal Finance Company, said: “I am delighted to confirm the completion of the £244m financing package with our principal stakeholders, DECC and the UK Green Investment Bank. We can now offer Green Deal Providers a one-stop-shop to set up, finance and administer Green Deal Plans.
“By ensuring that householders can only borrow what they can expect to save in energy bills, and by offering a fixed rate for 10 to 25 years, Green Deal Plans will be affordable and widely available to over 80% of the population. No other consumer credit product offers a fixed rate for up to 25 years and is this inclusive.”
“I am also delighted to be making this announcement after very strong growth in Green Deal assessments of energy-saving measures requested by householders during March, well in excess of the 1,800 or so assessments carried out in February. Many of these assessments can be expected to convert into Green Deal Plans as householders install the measures into their homes.”
Commenting on the publication of the latest Green Deal statistics, Energy and Climate Change Minister Greg Barker said: “It is clearly very early days but the latest figures on the Green Deal show that this new market is gathering real momentum. 9,268 Green Deal assessments taking place in just over two months is very encouraging and shows a genuine interest from consumers.
“The Green Deal gives people the opportunity to improve the efficiency of their homes, make them warmer and protect themselves from rising energy bills.
“The number of businesses getting on board continues to rise steadily, underlining that the Green Deal offers fantastic new commercial opportunities.
“48 firms are now authorised as providers, with a further 831 registered to carry out installations and over a thousand individuals registered to offer assessments. Overall this is a really promising start for the Green Deal.”
What is your reaction to the £244 million funding for the Green Deal initiative that will finance energy efficiency improvements to people’s homes and boost the trades? Share your thoughts by commenting here or raise your voice on our Facebook and Twitter pages.