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Annual Report 2006/07
The Annual Report for 2006/2007 was published on 10 July 2007.
This year we have seen £586m invested in our programme, some £14m above budget as a result of increased returns. Our programme receipts reached £376m, up 34 per cent on last year, allowing us to fund 64 per cent of our work, which is a significant achievement.
- Housing unit starts up 21 per cent
Compared to 2005/2006 - Housing unit completions up 32 per cent
Compared to 2005/2006 - Private sector investment up 51 per cent
Compared to 2005/2006
Our results for the past year reflect our hard work to both generate income from our assets and to meet, and in all cases exceed, our core output targets. While the bald statistics do not fully highlight our achievements in bringing about large-scale regeneration and development, they are still a useful barometer of our success during 2006/2007. For further information please see the Business Performance page.
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Download our Annual Report 2006/2007
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This year’s highlights include:
The launch of our First Time Buyers’ Initiative on more than 37 housing sites providing low-cost home ownership for up to 1,200 new homeowners as part of a £100m funding package.
A celebration of the National Coalfields Programme and its achievements in helping to regenerate more than 100 sites over the past 10 years, coinciding with the announcement of a further £20m of funding and the addition of six new sites to the Programme.
The launch of the Carbon Challenge, an initiative to kick-start the development of zero carbon communities in conjunction with our private and public sector partners. The Challenge will act as a test-bed for introducing new technologies, new design and new ways of engaging with the community.
The completion of the first homes, at Oxley Woods in Milton Keynes, resulting from our ground-breaking Design for Manufacture Competition. The Competition will ultimately provide more than 1,000 environmentally sustainable new homes, many for a construction cost of just £60,000.
Practical completion of both Harlow Town Football Club and a new athletics facility, along with the start on site of 194 new homes and a receipt of £7m, as part of the Harlow Gateway project.
Completion of a development agreement for the delivery of a £200m mixed-use zero carbon scheme at Middlehaven in Middlesbrough. The BioRegional Quintain development will be the first stage of an £800m transformation programme.
Detailed planning permission was granted for the former RAF Staff College site in Bracknell, paving the way for more than 700 new homes at The Parks on surplus public sector land near the town centre.
We started on site at Adelaide Wharf, Hackney and Wandsworth Southside as part of our London-Wide Initiative, aimed at providing up to 1,500 key worker homes in the capital.
English Cities Fund, our joint venture with AMEC and Legal & General, has started on site on phases 1 and 2 of St Paul’s Square in Liverpool and secured commitments to progress mixed-use projects in Plymouth, Manchester, Central Salford, Canning Town and Wakefield, with an estimated completed development value of £2bn.
Agreements have been signed to put in place an innovative approach to unlock the potential of the Hattersley Estate in Greater Manchester. Developers BASE and CTP have been appointed to bring forward up to 900 new private homes and a 10,000 sq m new district centre including community facilities, while Peak Valley Housing is delivering improvements to more than 1,400 existing social homes.
At Barking Riverside in the Thames Gateway, outline planning approval was granted for 10,800 new homes and construction could start in 2008.
Successful completion of our Compulsory Purchase Order at Meden Valley Making Places, our joint venture with Mansfield and Bolsover District Councils and East Midlands Development Agency (EMDA). We also completed a £10m refurbishment and sale of 60 houses at Cresswell Model Village, Nottinghamshire.
The completion of the Central Milton Keynes combined heat and power plant that will serve more than 1,500 homes, a primary school and over 60,000 sq m of office and shopping space. The plant will help drive down energy use and reduce CO2 emissions.
At Liverpool’s Kings Waterfront, the state-of-the-art arena and convention centre, which will play a major role under the city’s Capital of Culture status in 2008, is now completed and in use. Work has also begun on 96 single-aspect apartments and two new hotels. Contracts have also been exchanged to build more than 400 private for sale apartments.
Progress on the £1bn Omega employment park in Warrington, Cheshire, moved forward following Warrington Council’s resolution to grant outline planning permission in October 2006 for the first two phases of development. With the legal agreement close to signing, planning permission is expected in June 2007 with start on site expected in January 2008.
In Sheffield a £146m funding package has been agreed to refurbish more than 800 flats in the historic Grade II listed Park Hill estate.
Along with our partner, Bournville Village Trust, we have agreed contracts and proposals for the 800 new homes and a village centre that will become Lightmoor Village in Telford.
