Agenda item

Report of the Leader of the Council/Portfolio Holder for Regeneration and Growth

The Board considered the report of the Leader of the Council/Portfolio Holders for Regeneration and Growth setting out the City Council’s approach to ensuring the momentum of this regeneration is maintained, whilst recognising the limits of the current Capital Programme

The document outlines the expectations of Nottingham City Council of developers ensuring a good standard of regeneration through the city, being both ambitious and forward looking for the city. The Board agreed that the design features set out are complimentary to the current progressing development projects.

RESOLVED to:

(1)  Endorse the approach to master planning across the City as set out in the published report;

(2)  Endorse the approach being taken to create a vehicle to deliver regeneration in the City.

Reasons for Decision

Tofacilitate its desire to promotefurther investment and regeneration inthe Cityas part ofitsnextphase of developmentactivitythe Councilwants to deliver thefollowing:

·  Providea strongand coherentmaster planningframework to give clarityto investors anddevelopers on how theCity will continueto evolve, enablinga range of developmentsthat will underpineconomic growthin a qualityurban landscape thatprovides aclear sense of place;and

·  Supplementthis approach by givingconsiderationto usingits own land holdings tobringfurther developmentforward in certainareas, as

shown in Appendix1:Master PlanningAreas.In order to maximise the impact of these assets,the Council is keento attractprivatesector investmentto potentiallybringprojectsforwardon these sites,for example the opportunityfor circa £2billion development over0.5sqmile at NottinghamSouthside (Appendix5).

Other Options Considered

Not providea clear planningframework. This will lead toareasbeing developed ina piecemealmanner, which may be to thedetrimentof thecreation of a qualitysense of place and /or sustainable economic growth and for this reason this option was rejected.

Not bringingCouncil assetsforward. This option was rejected because it will miss an opportunityfor the regenerationof certainsites within thecity.

Disposing ofsiteson an individual basis. Ongoingindividual disposals will stilltake place when the circumstances areright todo this.However havingthis as a soleapproach will mean that some ofthe less viable sites maynot be takenforward as theymaynotbe as attractive tothe market, therebymissinga regeneration opportunity.