Britain’s Gateway to Growth:Unlocking the potential of the Thames Gateway<br />Paul Carter<br />Leader, Kent County Counci...
We have massive potential for growth… <br />
…but we need to unlock delivery  <br />Housing Delivery (net completions)<br />
…through pragmatic, localist solutions  <br /><ul><li> Reduced bureaucracy
 New incentives for development
 Building a new relationship between local</li></ul>   government and the business community<br /><ul><li> A clear strateg...
 Promote efficient and dynamic markets, in particular in the supply of land, and provide real and significant incentives f...
 Support investment in places and people to tackle the barriers to growth.</li></li></ul><li>The Thames Gateway is too bur...
We need a bold new approach <br />
Innovative new incentives <br />Towards a Thames Gateway Economic Zone<br /><ul><li> Tax increment financing
 Business rate retention
 New Homes Bonus
 Incentives for the private rented sector
 Levering private investment in key sites for </li></ul>   economic growth<br />
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Cllr Paul Carter - Localism in Kent County Council

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Cllr Paul Carter - Localism in Kent County Council

  1. 1. Britain’s Gateway to Growth:Unlocking the potential of the Thames Gateway<br />Paul Carter<br />Leader, Kent County Council<br />
  2. 2. We have massive potential for growth… <br />
  3. 3. …but we need to unlock delivery <br />Housing Delivery (net completions)<br />
  4. 4. …through pragmatic, localist solutions <br /><ul><li> Reduced bureaucracy
  5. 5. New incentives for development
  6. 6. Building a new relationship between local</li></ul> government and the business community<br /><ul><li> A clear strategy for housing and jobs</li></li></ul><li>The case for change and a new approach <br />The Government has outlined a new approach to local growth, shifting power away from central government to local communities, citizens and independent providers. This means recognising that where drivers of growth are local, decisions should be made locally.<br />The Government will therefore:<br /><ul><li> Shift power to local communities and business, enabling places to tailor their approach to local circumstances;
  7. 7. Promote efficient and dynamic markets, in particular in the supply of land, and provide real and significant incentives for places that go for growth; and
  8. 8. Support investment in places and people to tackle the barriers to growth.</li></li></ul><li>The Thames Gateway is too bureaucratic <br />
  9. 9. We need a bold new approach <br />
  10. 10. Innovative new incentives <br />Towards a Thames Gateway Economic Zone<br /><ul><li> Tax increment financing
  11. 11. Business rate retention
  12. 12. New Homes Bonus
  13. 13. Incentives for the private rented sector
  14. 14. Levering private investment in key sites for </li></ul> economic growth<br />
  15. 15. A new relationship with business <br /><ul><li> A new strategic Local </li></ul> Enterprise Partnership<br /><ul><li> Understanding the </li></ul> blockages to investment<br /><ul><li> Developing solutions to</li></ul> infrastructure blockages <br />
  16. 16. A clear strategy for housing, economic growth, transport and skills <br />The challenge of localism:<br />“Local authorities and their <br />partners are going to <br />have to work harder still to<br />get the homes their <br />communities need”<br />- DTZ<br />
  17. 17.
  18. 18. Capital costs of priorities for growth <br /><ul><li> Third Thames Crossing £1,000 million
  19. 19. Enhancements to M20/M2 £500 million
  20. 20. Bifurcation
  21. 21. Operation Stack
  22. 22. Network Rail upgrade to Thanet £40 million</li></ul>(inc Manston Parkway station)<br /><ul><li> Integrated/ enhanced public transport £80 million
  23. 23. A21 dualling £50 million
  24. 24. Other District road improvements £100 million</li></ul>TOTAL £1.77 BILLION<br />Spread over 25 years annual revenue cost £154 m p.a.<br />
  25. 25. Our offer to Government <br />Per annum<br /><ul><li> Increased tolls at existing Dartford Crossing £20m additional revenue
  26. 26. Third Thames Crossing toll (assuming transport growth) £30 million
  27. 27. Increased DERV duty banning belly tanks to EU HGVs £475 million
  28. 28. TIF tariff (approx 20% on roads and public transport) £23.4 million
  29. 29. Residential planning tariffs (20%) £10 million
  30. 30. Vignette on foreign lorries £40 million
  31. 31. Port Landing Charge £12.5 million
  32. 32. EU Trans European Network funding £5 million</li></ul>TOTAL £615.9 million p.a<br />Note: These figures do not include any GVA increase or<br />welfare reduction to DWP<br />
  33. 33. “It’s up to you, chums!” <br />But give us the tools and we’ll do the job<br />

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