Place North West
February 2014

INVESTING IN STOCKPORT
Paul Lawrence
Corporate Director
Place Management and Regeneration
Stockport – Investment priorities

• Town Centre Regeneration
• Transport and Infrastructure
• Education and Community Fac...
Context
•Commitment to maximise Stockport’s potential as a
residential, commercial and retail location – one of the
strong...
Role of the Council
• Understanding market intelligence to bring forward
deliverable, realistic yet ambitious plans;
• Tak...
TOWN CENTRE
• Stockport Exchange –
office- led scheme including
new 1000-spaces MSCP
plus 400,000sq.ft. of
commercial floo...
TOWN CENTRE
• Bridgefield – £43m
borrowing approved by
Executive to deliver a leisure
led scheme to complement
Merseyway a...
TOWN CENTRE
• Market & Underbanks –
Working with business,
organisations, agents and
owners to foster and cluster
creative...
HOUSING
Background
•popular place to live – significant owner occupation (78%),
•high property prices
•housing need – hous...
HOUSING
What we’re doing
•Working closely with registered providers within the
Stockport Housing Partnership and the Homes...
Woodford
Joint venture between
Avro Heritage Ltd and
Harrow Estates/Redrow
Hybrid planning
application submitted
including...
Brinnington
Regeneration Plan
approved April ’13
focusing on housing &
new leisure facilities.
Countryside Properties
secu...
Convent Garden/
Hopes Carr
Phase 1 – 46
apartments for social
rent completed and
fully occupied.
Phase 2 – ID4 Living
(Sed...
HOUSING
Key challenges
•Bring more empty properties back into use
•Site identification/feasibility work – we need more del...
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Place RESI 2014: Paul Lawrence, Stockport Council

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  • Introduction
     
    Stockport is one of ten districts comprising the Greater Manchester city region
    Lies between Manchester and Cheshire, southern gateway to Greater Manchester
    46% green belt
    It has high employment, high quality education and home to UK head offices of international brands such as adidas, MAN Diesel and Turbo and Umbro
    The following 10 reasons are why it attracts such big players, why it has such a unique offer and why is ideally placed to continue to thrive over the next five years….
  • Stockport Exchange: Phase 1 due to open 19 Feb 2014; Phase 2 scheduled to start in late 2014
  • Bridgefield: Draft terms have been agreed with Debenhams and cinema operator
  • Market & Underbanks: MMU scheduled to move in in Feb / Mar 2014
  • Current examples include:
    Brinnington – comprehensive regeneration including new leisure facility, and DA with Countryside for 290 new family homes for sale
    Hopes Carr – DA with Seddon, with the next phase including 38 homes and a new road with comprehensive CPO package
    Covent Garden – DA with Eric Wright/Your to deliver 114 homes through a comprehensive CPO/land assembly arrangement
    Dialstone – DA with THI/GB to deliver community facilities and new housing
  • Place RESI 2014: Paul Lawrence, Stockport Council

    1. 1. Place North West February 2014 INVESTING IN STOCKPORT Paul Lawrence Corporate Director Place Management and Regeneration
    2. 2. Stockport – Investment priorities • Town Centre Regeneration • Transport and Infrastructure • Education and Community Facilities • Housing
    3. 3. Context •Commitment to maximise Stockport’s potential as a residential, commercial and retail location – one of the strongest of the GM town centres and housing market areas •To improve the offer of the town centre as a business, residential, retail and leisure destination •To capitalise upon our unique assets – historic environment, connectivity, skills, attractive neighbourhoods •To ensure sustainable economic growth
    4. 4. Role of the Council • Understanding market intelligence to bring forward deliverable, realistic yet ambitious plans; • Taking an interventionist approach where necessary to do the work the market might previously have undertaken; • Pursuing new approaches to funding; • Exploring how we can help businesses and other organisations survive and thrive. • Taking (managed) risks…..
    5. 5. TOWN CENTRE • Stockport Exchange – office- led scheme including new 1000-spaces MSCP plus 400,000sq.ft. of commercial floorspace, hotel, gym, parking and new public realm • Phase 1 now underway – demolition, car park (open Feb 14) and A6 highway works • Council funding (up to £20m) approved for Phase 2 - hotel, offices and new public realm around station; to start on site in late 2014 STOCKPORT EXCHANGE - MASTERPLAN
    6. 6. TOWN CENTRE • Bridgefield – £43m borrowing approved by Executive to deliver a leisure led scheme to complement Merseyway and boost evening economy • Includes a nine-screen cinema, food and drink outlets, shops and a new 400-space multi-storey car park; also refurbishment of the existing Debenhams store • A cinema operator and food and drink outlets will be secured before the Council progresses the plans • Start on site scheduled for 2015
    7. 7. TOWN CENTRE • Market & Underbanks – Working with business, organisations, agents and owners to foster and cluster creative industry and specialist / independent retail activity; • Use of Council property ownerships and potential purchases/leases to assist this e.g. MMU to open studios/ business incubation space here this year; vintage goods market hall proposal • Work underway to improve quality and diversity of the Market offer
    8. 8. HOUSING Background •popular place to live – significant owner occupation (78%), •high property prices •housing need – houses sell •challenges re choice of tenure/type in certain  areas and availability/deliverability of sites •cross party support for more housing, more affordable housing choice, and for increasing the role of the Council as ‘facilitator’
    9. 9. HOUSING What we’re doing •Working closely with registered providers within the Stockport Housing Partnership and the Homes & Community Agency •Working to support and assist private developers at key sites such as Dialstone, Heaton Moor, and Woodford •Where possible, securing affordable housing as part of wider mixed tenure development
    10. 10. Woodford Joint venture between Avro Heritage Ltd and Harrow Estates/Redrow Hybrid planning application submitted including outline for 805 dwellings & 90,000 sq ft commercial floorspace, primary school and open spaces. Full planning permission submitted for 145 dwellings & associated infrastructure. Discussions ongoing regarding affordable housing & transport
    11. 11. Brinnington Regeneration Plan approved April ’13 focusing on housing & new leisure facilities. Countryside Properties secured as development partner Planning application to be submitted in early 2014 for approx 295 new homes across 4 sites and new leisure centre. Work on leisure centre due to start Summer ’14, opening Summer’15. first homes due for completion Spring ‘16
    12. 12. Convent Garden/ Hopes Carr Phase 1 – 46 apartments for social rent completed and fully occupied. Phase 2 – ID4 Living (Seddon). 41 houses for open market sale due to start on site February ‘14. Phases 3 and 4 – Preferred developer appointed – Eric Wright/Your Housing 114 apartments/ houses for open market sale/private rent/shared ownership
    13. 13. HOUSING Key challenges •Bring more empty properties back into use •Site identification/feasibility work – we need more deliverable sites in sustainable locations •Seek to identify ‘blockages’ and develop delivery proposals •Bring forward sites through work with owners, land assembly, possible change in planning status, and compulsory purchase if required •Consider proposals in the round – inc. financial implications (Council Tax, New Homes Bonus) but also wider service impacts •Take account of what’s going on around us – and co-operate…
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