WIGAN, BOLTON & BURY CONSTRUCTION CLUB - FRIDAY 22ND MARCH 2019 @gmchamber - Greater ...

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WIGAN, BOLTON & BURY CONSTRUCTION CLUB - FRIDAY 22ND MARCH 2019 @gmchamber - Greater ...
WIGAN, BOLTON & BURY
 CONSTRUCTION CLUB
   FRIDAY 22ND MARCH 2019

         @gmchamber
WIGAN, BOLTON & BURY CONSTRUCTION CLUB - FRIDAY 22ND MARCH 2019 @gmchamber - Greater ...
STEVE WILLIAMSON
WIGAN, BOLTON & BURY CONSTRUCTION CHAIR/
            F PARKINSON LTD
               @gmchamber
WIGAN, BOLTON & BURY CONSTRUCTION CLUB - FRIDAY 22ND MARCH 2019 @gmchamber - Greater ...
Aim :

To provide business benefits to those companies operating out of the Wigan, Bolton and Bury boroughs within the built
                                                   environment.

                                                     Objectives :

                    Helping construction companies know about current and future opportunities
              Helping construction companies understand the local authorities procurement processes
                      Improving the communication links between the public and private sectors
  Highlighting areas of best practice and potential areas of continual improvement within the construction industry.

                                                    Governance :

                                Through a steering group with representatives from :

                                       Wigan, Bolton and Bury local authorities
                            Private sector supply chain, main contractors and consultants
                                             GM Chamber of Commerce
WIGAN, BOLTON & BURY CONSTRUCTION CLUB - FRIDAY 22ND MARCH 2019 @gmchamber - Greater ...
AGENDA:

8.30 – 8.35am Welcome and overview of the event
              Steve Williamson, Chair of Wigan, Bolton & Bury Construction Network Group and F Parkinson Ltd

8.35 – 8.45am Bury Council Update – Sarah Janusz, Head of Strategic Procurement & Project Management

8.45 – 9.00am Paul Patterson, Executive Director, Business Growth & Infrastructure

9.00 – 9.10am Bolton Council Update – Farook Atcha, Principal Project Officer

9.10 – 9.20am Wigan Council Update - Kealey Mulligan, Invest in Wigan Manager

9.20 – 9.30am Best Practice Session:
              Additional pipelines of work and how to access them – Michaela Wain, We Connect (5 mins)
              GMIF Support – Martin Ewell, GMCA (5 mins)

9.30 – 9.35am Final notices
9.35 – 10.00am Networking/Close
WIGAN, BOLTON & BURY CONSTRUCTION CLUB - FRIDAY 22ND MARCH 2019 @gmchamber - Greater ...
Bury Council

Construction Networking Event

          22nd March 2019
              Sarah Janusz
     Head of Strategic Procurement

       Construction Network 22.03.2019
WIGAN, BOLTON & BURY CONSTRUCTION CLUB - FRIDAY 22ND MARCH 2019 @gmchamber - Greater ...
Agenda
• Current & Upcoming Opportunities for
  – Contractors
  – Suppliers
  – Professional Service Providers

• Highways Update

• Wider NW Opportunities

                   Construction Network 22.03.2019
WIGAN, BOLTON & BURY CONSTRUCTION CLUB - FRIDAY 22ND MARCH 2019 @gmchamber - Greater ...
Local Authority Condition Improvement Fund - Schools

• 2018/19 allocation c £1.2m
• Focus on health & safety measures (fire protection,
  electrical safety), essential building services (heating)
  and condition (roofing)
• 10 schemes approved in principle
• Schemes to be completed in 2019-20
• Schools responsible for procurement

                    Construction Network 22.03.2019
WIGAN, BOLTON & BURY CONSTRUCTION CLUB - FRIDAY 22ND MARCH 2019 @gmchamber - Greater ...
LACIF Schemes
School                     Project                     Approx Value
Hoyle Nursery              Heating System              £80k
All Saints Primary         Roofing (Phased)            £240k
Tottington Primary         Fire Safety                 £40k
                           Roofing (Phased)            £330k
Woodbank Primary           Safeguarding                £70k
Christ Church              Safeguarding                £35k
Ainsworth
Butterstile Primary        Roofing (Phased)            £210k
Chantlers Primary          Electrical (Phased)         £290k
Derby High                 Roofing (Phased)            £660k
Phillips High              Roofing (Phased)            £490k

                     Construction Network 22.03.2019
WIGAN, BOLTON & BURY CONSTRUCTION CLUB - FRIDAY 22ND MARCH 2019 @gmchamber - Greater ...
Play Area & Associated Works Framework
•   Open ITT to be issued via The Chest

•   The framework agreement will contain a Maximum of 6 Suitable Service Providers.

•   The framework is being established solely for use by Bury Council and will run for a fixed term of 2
    years, with the option to extend for a further 2 years on an annual basis.

•   The appointed contractors will have the experience and competences required to undertake the safe
    removal and installation of fixed playground equipment such as swing sets, slides, roundabouts,
    multiplays etc. into the correctly excavated groundworks and footings as specified by the
    equipment’s’ manufacturers etc.

•   It is anticipated that full specifications and the opportunity will be published in April 2019

                                    Construction Network 22.03.2019
WIGAN, BOLTON & BURY CONSTRUCTION CLUB - FRIDAY 22ND MARCH 2019 @gmchamber - Greater ...
STH – Subcontractor Frameworks

To support STH Repairs Direct Service
Staged procurement approach over next 12 months
Types of work to be included:-
• Waste Collection – c. £230k
• Roofing – c. £100k
• Glazing – c. £100k
• Drainage – c. £25k
• Fencing – c. £40k
Looking for experienced, local contractors to complement the skills of
Repairs Direct workforce

                       Construction Network 22.03.2019
Supplies
• Six Town Housing Supply Chain Contracts due in
  next 6 months:-
  – Composite Doors
  – Kitchen Furniture
  – Timber
• Procurement route yet to be determined - may
  use frameworks or advertise

                   Construction Network 22.03.2019
Professional Services
Architectural-led Design Team

•   Bury Council is seeking the services of an architectural led design team which includes nominated
    planning and other core design specialists for the development of the ‘Uplands Wellbeing
    Neighbourhood Scheme’

•   The scheme is to serve as a ‘Wellbeing Neighbourhood model’ to be developed for application on
    other sites in Bury.

•   The Council’s aspirations are to develop further Wellbeing Neighbourhood Schemes in Bury, based on
    the model developed at the Uplands.

•   To become the Council’s Wellbeing Neighbourhood Design Consultant and develop a relationship with
    the Council to deliver efficiencies in the design and development of future Well-being Neighbourhoods
    across Bury supporting the work of the Council in its role as ‘master developer’.

•   There are potentially a further 4 schemes, which are focused primarily in town centre locations.

                                   Construction Network 22.03.2019
Highways – Bury Council
• £10m investment up to 2020 and further £10m from 2020
• Current opportunity – Radcliffe (closes 08.04.2019)
  – Higher Ainsworth Road, Coronation Road, Outwood Road, Stand Lane &
    Church Street West
  – Carriageway resurfacing with associated ironwork, road marking, drainage
    and footway works
• Similar scheme – Prestwich (to market late May)
• Larger scheme – Bury Town Centre (to market within next month)
• Future procurement strategy under review

                         Construction Network 22.03.2019
GM Streetscene Alliance
• Led by STaR Procurement – to commence early 2020
• To cover preventative & planned highways maintenance
• Options appraisal – considered strategic objectives & key
  challenges
• Soft Market Testing
• Long term (5+) alliance contract with geographical lots
  recommended
• Authorities now asked to confirm inclusion

                      Construction Network 22.03.2019
Wider NW Opportunities
Organisation                 Requirement                             Closing
                                                                     Date
Oldham MBC                   SMT re Union Street & Old Museum        01.04.2019
                             Buildings to identify options
Carlisle City Council        Cumbria-wide framework for              05.04.2019
                             provision of construction services
                             for disabled adaptations
Blackpool Council            Demolition of 6 blocks of flats         05.04.2019
Chorley BC                   Maintenance Works – gas &               01.04.2019
                             heating, electrical, general building
                             repairs
Rochdale Boroughwide         Asbestos removals                       01.05.2019
Housing
Lancaster City Council       2019-20 Re-roofing                      31.03.2019
Liverpool City Council       Roofing Packages - Schools              25.03.2019
                             Schools Capital Programme               15.04.2019
Manchester                   Facilities Management Services          15.04.2019
                             (MCDA)
                         Construction Network 22.03.2019
Council/STH Contacts
• Sarah Janusz – Strategic Procurement
   – 0161 253 6147
   – S.e.janusz@bury.gov.uk
• Louis Fox – Architectural Practice
   – 0161 253 5305
   – L.t.fox@bury.gov.uk
• Wayne Campbell – Six Town Housing
   – 0161 253 8178
   – W.campbell@sixtownhousing.org
• Russell Starkie – Strategic Procurement
   – 0161 253 5583
   – R.Starkie@bury.gov.uk
             Construction Network 22.03.2019
Bury: The Interventionist Place Maker

Think Big / Start Small / Do at Pace
Bolton Update

Bolton, Bury and Wigan Construction Club
Friday ,22nd , March 2019

Farook Atcha, Bolton Council
Today’s presentation - Bolton
Opportunities Update :
• Octagon Theatre Refurbishment (Willmott Dixon)
• B&E Boys Development , Waters Meeting.
• Bolton Council CPS Opportunities.
• Bolton Council Highways Procurement.

Town Centre Masterplan and Wider Developments Update:
• Crompton Place
• Church Wharf
• Croal Valley
• Cheadle Square
• Trinity Quarter
• Investment around the borough
Willmott Dixon in Bolton
• Octagon Theatre, Bolton
Project Value £8.25 Million
End Date: February 2020
Willmott Dixon in Bolton

We have been advise that the following supply chain packages
are yet to be procured:
•    Balustrades and handrails
•    Cubicles and IPS
•    Joinery
•    Whiterock
•    Tiling

                   Please Contact: Ryan McGarr
                                   Project Surveyor
                   Email: Ryan.McGarr@willmottdixon.co.uk
                   Tel:     07984 663 427
B & E Boys Ltd,
10 acre Industrial Commercial Development
       Waters Meeting Road, Bolton
B&E Boys Ltd
10 acre Industrial Commercial Development
       Waters Meeting Road, Bolton
B & E Boys Ltd,
    10 acre Industrial Commercial Development
           Waters Meeting Road, Bolton
• Phase1 number of industrial units being developed by B&E
  Boys, subject to planning permission.
• Build value c £2m for this phase with a remaining £6m for
  future phases which will be released as the scheme is let /
  sold.
• Packages for Utilities, Civils, Remediation, Steelwork,
  Cladding and M&E
• Phase 1 hoping to start in June / July this year.
• Further information: B & E Boys Ltd, Rossendale BB4 9SJ
                       Tel: 01706 211368 www.beboys.co.uk
Bolton Capital Programme Dashboard 2018
                   COST and TIME:
   Cost            •   In 2018 the value of work delivered via the Capital Programme was circa £30 Million.
                   •   Successfully completed projects have included Blackrod Community Primary School, Ladywood Special School, Thomasson Primary
                       School, Egerton Primary School, Rumworth Special School, Chorley New Road Primary School, Bolton Museum Refurbishment, Turton
                       High School, Albert Hall’s Enabling Works. Of these 83% were completed within budget and 75% of the projects have been completed
     Iron
                       on schedule.
   Triangle

Time     Quality   QUALITY:
                   •   Projects where Key Performance
                       Indicators have been met include
                       Blackrod Primary School where: 1,
                       There was 100% Small and Medium
                       Sized Enterprise (SME) spend on this
                       project, 2, 100% (SME) engagement,
                       3, Cumulative Local Labour within 10
                       miles was 24% and Cumulative Local
                       Spend within 10 miles was 20%, 4, 27
                       apprentice weeks on site, 5, 28 days of
                       training courses completed, including
                       health & safety, professional
                       development, sustainability, first aid
                       etc
                   •   Key projects where Bolton Contractors
                       and Sub-Contractors were used
                       included: Rumworth Special School
                       where 29% of spend came from within
                       10 miles of Bolton, and Bolton
                       Museum where 20% of the spend was
                       within 10 miles of Bolton.
Bolton Council Procurement
•   Bolton Council’s Corporate Property Services are entering into a strategic partnership to deliver the
    Estates, Facilities and Asset Management functions.

•   Estates, Facilities and Asset Management
•   All Estates, Facilities and Asset Management requirements will be provided via Robertson from April
    2019 – For projects under £1Million interested Consultants, Sub-Contractors and Suppliers can
    contact Alex Orange at Robertson’s Construction North West office in Haydock on 01942 590 910.

•   Capital Projects
•   Capital Projects delivery from April 2019 will include an alternative procurement route via the ‘Clear
    Sustainable Futures’ Framework.
•   For the three main lead consultants on projects ie Architects, M & E Consultants and Civil & Structural
    Engineers on projects, there is an opportunity to join Clear Futures Tier 2 supply chain pool. For
    enquiries please contact Alan Kyle (Clear Futures Supply Chain Manager) on 07711 436 385.
•   If you are a Contractor and want to be considered for the Tier 1 pool of Contractors, please contact
    Alan Kyle (Clear Futures Supply Chain Manager) on 07711 436 385.
•   If you are a Sub Contractor or Supplier a list of the Tier 1 Contractors will be published on the ‘Clear
    Sustainable Futures’ website should you wish to contact them: www.clearsustainablefutures.co.uk/
Bolton Council Procurement
•    Upcoming council projects
      – Selected projects to be advertised via The Chest:
      – 2 No. School Heating Schemes, circa £900K and £300K via The Chest, in April 2019.
      – 1 Children’s Centre Refurbs: Circa £80k, in April / May 2019.
      – Up to 2 Children’s Centre Refurbs: Each below circa £50k, in April / May 2019.
      – Remedial Roofing Works: Circa £50 to £100k, via The Chest in April / May 2019.
      – Fire Alarm Installation Works: Circa £300k, via The Chest, provisionally in Summer 2019.

      –   (all subject to procurement method and regulations)

•    All council contracts over £50k
            - Advertised via www.the-chest.org.uk

•     Free to register on to the chest www.the-chest.org.uk
    if there are any problems contact The Chest directly by e-mail:
    ProcontractSuppliers@proactis.com , or tel: 0330 005 0352..

Supply Chain opportunities
•  Companies awarded Council contracts listed at
   http://www.bolton.gov.uk/website/pages/Councilcontracts.aspx
Bolton Council Procurement Highways
Highways & Engineering department current frameworks are due for renewal, September 2019.
The Following opportunities will be advertised via ‘The Chest’ Portal, within in the next couple of
Months.
Lot 1 General Civil Engineering Works up to £750,000
• Minor Highway Improvements
• Ducting Works
• Drainage Works
• Undertake works included in the programme of Road Safety, junction improvement, Traffic
  Calming and other minor schemes. Undertake drainage works, including flood prevention
  works. Undertake civil and ducting works to existing and proposed traffic signal installations
  throughout Greater Manchester (for TfGM).
Lot 2 Patching, Re-Surfacing and Surface Treatment Works up to £750,000
• Undertake Structural Maintenance (resurfacing) programmes for classified and unclassified
  road carriageway and footway schemes. Typical scheme values have ranged between £6,000
  and £500,000 with around £1M being spent each year.
Highways Continued
Lot 3 Highway New Works, Structural Maintenance and Associated Works up to £2.5M
• Undertake works included in the Principal Road Major Maintenance Programme. Undertake
   new highway works. Typical schemes have averaged £700,000 in value in recent years with
   around 2 schemes being carried out each year.

Lot 4 Bridges and Highway Structures Improvement and Maintenance Works up to £2.0M
• Undertake bridgeworks and highway structures works programme. Average scheme value is
   £275,000 with 2 schemes being carried out each year.

The Frameworks will be in place for 4 years and normally up to 4 contractors on each Lot.
Contractors can apply for as many Lots as they like. There will be a financial limit on what a
company can bid for based on turnover (all subject to the procurement process, relevant due
diligence ,financial and legal checks)

•   Further information or for more detail please e-mail Malcolm Fairhurst at
    highways@bolton.gov.uk
• Insert BDP slide
Crompton Place
•   Delivery Partners: Developers, Midia Group; Bolton Regeneration Limited (BRL);
    UK Department for International Trade; Chinese state owned big hitters Beijing
    Construction and Engineering Group International (BCEGI); Chapman Taylor,
    multi-award winning practice of global architects and masterplanners, will design
    the scheme
•   Investment: £250m redevelopment of Crompton Place as the first phase of
    proposed £1billion investment in the delivery of Bolton Town Centre Masterplan
•   Masterplan Principles: Secure ownership; determine scale of intervention;
    Create east/west linkages to Bradshawgate; mixed use transformation to reduce
    retail and diversify offer (eg. food and leisure); Important anchors (Primark, M&S
    and Boots);
•   Anticipated Proposal: Subject to planning, significant new mixed use town centre
    development creating new floorspace for restaurants, leisure and residential.
•   Key Milestones (Indicative):
     –   Legal Agreements in place
     –   Development activity and consultation tbc
     –   Planning Application tbc
Church Wharf
•   Delivery Partners: Developers Muse have 30 years experience delivering high
    quality regeneration of towns and cities; Parent company Morgan Sindall; AEW
    architects will design the scheme
•   Investment: Anticipated £200-£250m residential-led scheme
•   Masterplan Principles: Gateway site of strategic importance with Supplementary
    Planning Document in place to guide comprehensive development; significant
    forward fund investment needed to create a sense of place; de-risk, remediate,
    site clearance and demolition, acquire land, provide infrastructure including
    public realm, River Croal and environmental improvements
•   Anticipated Proposal: Subject to planning, phased delivery over a number of
    years totalling 360,000sqft regeneration scheme providing Up to 352 Residential
    units plus commercial space creating hundreds of jobs
•   Key Milestones (Indicative)
     –   Legal Agreements in place. Currently working on appraisals and land assembly
     –   Hybrid planning application submitted and validated 1/3/19 – Decision anticipated
         18th April 2019
     –   first phase could commence 2020
     –   Phased delivery over a number of years
     –   First phase could complete by end 2021
Croal Valley
•   Delivery Partners: Mix of developers across several sites including Central Street and Pool Street
•   Investment: Two separate schemes delivering in excess of £100m investment in residential led
    regeneration, combined with improvements to the River Croal and new public realm.
•   Masterplan principles: Residential led regeneration of a collection of brownfield, primarily
    surface car park sites with high quality architecture, design and public realm and improvements
    to the River Croal
•   Anticipated Development (subject to planning):
     –    Central Street comprises 130 residential units in a number of buildings ranging in height and
          accommodation sizes for a mixed age demographic to create a new community, supported by a
          commercial development fronting Deansgate including c20,000sqft office; new ground floor retail and
          café opportunities and a potential studio; and significant public realm works to create a new sense of
          place and improve public access to the River Croal
     –    Pool Street (land fronting St Georges Road between Bark Street and Back Bark Street). 258 apartments
          and four town houses are proposed for this area.
     –    £35M development by Forshaw
     –    Planning Application Submitted March 2019

•   Key Milestones (Indicative):
     –    Currently working on legal agreements
     –    Planning Applications – 2019
     –    Potential Central Street Start on site 2019; Pool Street late summer 2019
     –    Potential for residential to complete by end 2020/early 2021
     –    Central Street commercial development by 2021
Cheadle Square Area
•   Delivery Partners and Investment: TBC
•   Masterplan Principles: central heritage location provides opportunity for a potential new
    mixed use destination with residential, business, restaurants, health and significant cultural and
    heritage attractions for visitors. Potential for high quality architecture and urban design to
    include network of streets, public spaces and links to Queens Park and University. Phased
    development of a number of sites
•   Anticipated Proposal: Subject to planning, Development of 300 houses providing
    accommodation and apartments for older people, families and students. Deansgate frontage
    presents opportunity for a new BL1 business address for smaller companies and start ups
    attracting thousands of jobs
•   Phasing: Residential development of former bus station site to come first followed by potential
    second phases including former Odeon, Magistrates and Cheadle Square
•   Key Milestones (indicative):
     – Demolition of former bus station completed August 2018.
     – Development brief and stakeholder panel being prepared to inform developer selection/options
     – Options, appraisals and phasing mid 2019 leading to potential for planning submission 2019/2020
Trinity Quarter
•   Delivery Partners: Large area with a range of sites in mixed ownership
•   Investment: Potential £45m Phase 1 initial investment in Trinity Gateway sites
    with future development of the Breightmet Street/Saville Mill/Clive Street sites
    generating £200m GVA including £17m household expenditure
•   Masterplan Principles: Creating a new, integrated sense of place connecting
    somewhere to live, work and spend time in a quality urban environment. Three
    core areas with new public realm and spaces to connect to Interchange
•   Anticipated Proposal: Phase 1 Subject to planning, new 500 space multi storey
    car park, 30,000sqft Grade A offices and 20 storey apartment block containing
    150 apartments; and wider mixed private commercial and residential
    development such as the conversion of Globe Works to residential and
    redevelopment of the former BMW site. Potential to accommodate over 2000
    jobs and 1200 residents
•   Key Milestones (ph1):
     –   Agreement with Bolton Regeneration Ltd nearing conclusion
     –   Negotiations with car park operator; potential office pre-lets;
     –   Full appraisals and masterplans to be developed prior to land agreements and
         planning
Bolton Town Centre Regeneration
                  Summary
• Bolton Council Investing a £100 million to generate a billion through the private
   Sector, first Development hopefully to start end of 2019
• Confirmation In Principle of private sector funding in place for over £250 million
   to replace Crompton Place Shopping Centre Development.
• £48 million plans put forward for the Trinity Gateway Site by Bolton Regeneration
   Ltd , who are also involved with the Crompton Place.
• Muse Developments have submitted plans for £150 million neighbourhood
   scheme for the Church Wharf Site.
• Placefirst has announced plans for a £27.5m Urban Village town centre
   development, the developers will submit a planning application later this year
   and, subject to approval, Placefirst aims to start work on the site by early 2020.
Once we get the green light and these developments are ready to commence ,
Bolton Council with the developers and contractors will be sharing the
opportunities.
Investment around the Borough
 •   Harworth Estates the developers behind Logistic North are planning their next multi-million
     pound employment investment at Land West of Wingates , Westhoughton with a potential
     1million sqft first phase (subject to planning)

 •   The £262m Rivington Chase development is now on site with Bellway commencing the first
     phase of 1700 houses in Horwich together.

 •   £220,000 District Centres Improvement Fund capital allocation in Horwich & Blackrod,
     Westhoughton, Little Lever, Farnworth and Kearsley delivering Business Improvement Grant
     awards; public realm works; signage; parking improvements; accident prevention measures
     and Christmas lights.

 •   Farnworth masterplan almost complete , once it has been approved within the next couple
     of Months , it will be the guide to the redevelopment of Farnworth centre. Possibly Summer
     2019, will assist in identifying building and business requirements, within the district:

 •   Hundreds of private housing developments under construction around the Borough,
     providing homes for a growing population and boosting household spend
Thank you for listening

     Any Questions?
Kealey Mulligan
Invest in Wigan Manager

  Confident Place, Confident People.
Worsley Mesnes Estate Regeneration

    • Delivering over 190 new
      homes across five sites for
      local residents.

    • In the process of procuring a
      development partner.

    • Work is due to commence by
      summer 2019.

   If you would like any more information, please email: newdevelopment@wigan.gov.uk
                           Confident Place, Confident People.
A49 Link Road & Improved Cycle
Lanes

       For more details, please email – Majorprojects@wigan.gov.uk
                    Confident Place, Confident People.
Wigan Pier Quarter
      Plans include:
      ▪ New office space
      ▪ Hotel and residential
      ▪ Restaurants and bars
      ▪ Live entertainment
      ▪ Utilising the water space

    Planning applications to be
    submitted April 2019.

                      Confident Place, Confident People.
Symmetry Park
Jct 25, M6

                Confident Place, Confident People.
Economic Vision
▪ An ambitious, high-level plan, setting our growth priorities for 2030
▪ Outward-facing in nature, intended to promote and reposition the borough
▪ A catalyst for bringing partners together in the delivery of a series of strategic
  priorities
▪ Supported by a range of other more detailed strategies and plans
▪ Inform and shape delivery programmes

                            Confident Place, Confident People.
Town Centre Strategic
Regeneration Framework
▪ A defensive strategy for retail
▪ Redevelopment of The Galleries
▪ The establishment of enterprise hubs, repurposing
  existing buildings to create business incubation and
  live/work space
▪ Defining the opportunity linked to the arrival of HS2
▪ Development of a borough wide skills strategy

                 Confident Place, Confident People.
Apprenticeship for Young People
Programme
To support Wigan businesses to create new apprenticeship vacancies.
Grants available:
from £2,000 for 18 months programmes
From £5,000 for 4 year programmes

For more information:
Matt Stockwell
Tel: 07795 953145
Email: M.Stockwell@wigan.gov.uk

Website: www.wiganworks.com
Twitter: @wiganworks

                              Confident Place, Confident People.
MICHAELA WAIN
MANAGING DIRECTOR
MARTIN EWELL
             RELATIONSHIP MANAGER
HOUSING INVESTMENT FUND, CORE INVESTMENT TEAM
            GM COMBINED AUTHORITY
                  @gmchamber
Greater Manchester
Housing Investment Fund
Background
Background

• 2014 GM Devolution Agreement
• Greater Manchester Geography.
• 10 year Committed Funding Line Supporting the
  Private Sector
• £300m Revolving Funding Pot.
• Accelerate and Unlock Current Housing Schemes
• 10,000 to 15,000 Homes Target.
• DCLG Financed with 80% of debt U/W by GMCA.
• Core Investment Team
   o Evergreen, Growing Places, RGF, Low Carbon. Life
     sciences, Small Business Loans
   o Combined total £635m.
Residential Schemes

• Typical Housing
• City/Town Centre Apartments and
  Regeneration Schemes.
• PDR and Renovations
• Historic and Listed Buildings Conversions.
• PRS
• Excluding Social / Student / High End
Product

• Traditional Development Loan Finance / No
  Grant.
• Debt Quantum Above £500k up to £30m
• Pricing Competitive and Lending Structures.
• Bespoke facilities tailored to individual
  schemes and able to provide:
   o Senior and Junior Lending Facilities;
     Stretch Senior.
   o Equity and Patient Equity.
   o Club Transactions
Terms

• Vanilla Pricing with No Exit, Commitment or
  Penalty Fees.
• Long Term Funding
• Recycling of Receipts to Avoid Phasing or
  Fully Funded Schemes.
• Valuation to Count as Equity.
Benefits & Performance

   Benefits
• Secure and Committed Funding
• Local Government Partnership
• Experienced and Proactive Management
  Team

   Performance to Date
• £125m Drawn to Date
• £430m pipeline.
• 43 sites and providing 5,700 homes.
Funding Partnerships

•   Renaker          •   Capital & Centric
•   Mulbury          •   Harwill Homes
•   Wiggat Homes     •   Hillciffe Homes
•   Keepmoat         •   Maya Properties
•   Rowlinson        •   Cert Properties
•   Laurus Homes     •   Newpark Homes
•   CPUK             •   Splash Developments
•   Urban & Civic    •   Peel Properties
FINAL NOTICES
       NEXT WBB CONSTRUCTION EVENT: 19th JUNE – LEIGH SPORTS VILLAGE

•   MIPIM Review Seminar – 27th March
•   Property & Construction Lunch – 29th March
•   Women in Property Breakfast – 2nd May
•   Salford & Trafford Construction – 14th May

                FULL DETAILS CAN BE FOUND: WWW.GMCHAMBER.CO.UK/EVENTS

                                      THANK YOU FOR ATTENDING
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