Working and engaging with Network Rail - Tolu Osekita Lead - Third Party Investment - Towns Fund

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Working and engaging with Network Rail - Tolu Osekita Lead - Third Party Investment - Towns Fund
Working and engaging
                                  with Network Rail
                                      11th March 2021

Tolu Osekita
Lead – Third Party Investment
Tolu.Osekita@networkrail.co.uk
                                                        1
Working and engaging with Network Rail - Tolu Osekita Lead - Third Party Investment - Towns Fund
We manage 20 of the busiest
                                                                                         stations in the country

Network Rail
We own and operate Britain's railway infrastructure. Our role is to provide
a safe, reliable and efficient railway while growing and upgrading the
network to better serve passengers and freight.

                                                                20,000
                                                                  miles of
                                                                   track

                                           Level
        30,000                           crossings
                                         and points
       bridges and
         viaducts

                                                  Signals

                                                                             Tunnels
                                                                                       Train companies
Working and engaging with Network Rail - Tolu Osekita Lead - Third Party Investment - Towns Fund
Putting Passengers and stakeholders first!
                                                            5

Right people, right structure, right mindset
     We were told, and recognised, that we can be:

      •   “confused and confusing”
      •   “unaccountable”
      •   “inefficient”
      •   ”arrogant”
      •   “not user friendly

      This shaped our regional structure, and our vision:
      • On the side of passengers and freight users
      • Efficient, dependable and easy to do business
        with
      • A place people are proud to work
      • Instinctively recognised as leading the industry
Working and engaging with Network Rail - Tolu Osekita Lead - Third Party Investment - Towns Fund
Working together to
   support regional
growth and ambitions
Working and engaging with Network Rail - Tolu Osekita Lead - Third Party Investment - Towns Fund
OFFICIAL

What is on the mind of our Stakeholders?
Levelling Up Agenda & Devolution
• Rail investment can play a vital role in supporting regional growth and productivity through
   investments in connectivity and the areas around stations as key economic centres.

Greenbook Review
• Recent revisions increase emphasis on delivering social value outcomes through
   investments

Decarbonisation
• Supporting a clean growth post-Covid economic recovery that helps the UK towards its long term
   net-zero ambitions.

Major Funds
• Attracting central government funding to support local infrastructure increasingly relies on bidding
  and applying to major funding programmes run by government departments like MHCLG and BEIS

Forming New Partnerships
• Securing access to these kind of funding sources requires new partnerships with stakeholders,
   local authorities, business and community groups

 There is a real opportunity to make a comprehensive case for change through partnerships with stakeholders that can enable positive
 social and economic outcomes

                                                                                                                                       5
Working and engaging with Network Rail - Tolu Osekita Lead - Third Party Investment - Towns Fund
Making it easier to engage, invest and build

• Becoming a dependable partner that’s easier to engage with.

• Facilitate investment that benefits our towns, cities, regions and
  country.

• Make third party engagement, funding and delivery easier.

• Remove barriers and increase innovation.
Working and engaging with Network Rail - Tolu Osekita Lead - Third Party Investment - Towns Fund
Case studies
Working and engaging with Network Rail - Tolu Osekita Lead - Third Party Investment - Towns Fund
OFFICIAL

Reopening the Northumberland line
Passenger traffic has not run on the line from Newcastle to Ashington since 1964. For many years there
have been ambitions to bring back passenger trains, while integrating the new line with the business,
cultural and educational needs of the community.

The partnership including Northumberland County Council, Network Rail and DfT have come together to
fund the £166m scheme to create maximum benefits for future passengers.

 Benefits to the region
 • Upgrade 18 miles of track, build six new stations and
   create three new footbridges
 • Half commuter times from one hour to 30mins
 • Projected to deliver economic benefits of up to £470m
 • Enable better access to education and employment
   opportunities
 • Facilitating affordable housing developments
 • Future aspiration to introduce low-carbon rolling stock
   for the new passenger services on the route.
Working and engaging with Network Rail - Tolu Osekita Lead - Third Party Investment - Towns Fund
OFFICIAL

Kenilworth station
The second phase of a larger scheme of strategic rail upgrades to reduce road traffic congestion and
support the economy of the Leamington Spa to Nuneaton. The first phase included new stations at
Coventry Arena and Bermuda Park
The £11.3m project was jointly funded by Warwickshire County Council, Coventry & Warwickshire Local
Enterprise Partnership (LEP) and the Department for Transport's New Stations Fund.
Benefits to the region
• Provides local people regular train
  services to Coventry and Leamington
  Spa and connections with services
  across Britain
• Features retail unit, café, covered
  cycle parking, step-free access,
  footbridge and lifts
• Reduced road traffic and emissions
• Major rail investment scheme boosts
  economic regeneration between
  Nuneaton and Leamington Spa
Working and engaging with Network Rail - Tolu Osekita Lead - Third Party Investment - Towns Fund
OFFICIAL

Maghull North
Maghull North is the first in station to be added to Merseyrail's
network in 20 years. Located between Liverpool and Ormskirk,
it usually has hundreds of services pass through each week.

The £13m new station was built through the collaboration of
funders including Local Growth Fund (LGF), Merseytravel and
Homes & Communities Association (which previously owned the
land on which the station is built). The construction was part of
wider £340m rail investment by Network Rail and the Liverpool
City Region over next three years.

Benefits to the region

•   New, modern station with step-free access and a 156-
    space car park
•   Helps capacity and offers relief for town’s existing station
•   The station is a key piece of infrastructure in the Sefton
    Local Plan
•   Supports local public transport demand from a nearby
    new housing development that will include 370 homes,
    with more planned
OFFICIAL

Meridian Water
Meridian Water benefits from the River Lea and the adjacent
Pymmes Brook that pass through the site, providing the
opportunity for waterside living and working, and a canal-side
environment.

The scheme is part of the £170m Lee Valley Rail Programme,
funded by several third parties: London Economic Action
Partnership (LEAP), Transport for London, Enfield and Haringey
Councils, UK Government, and Mayor of London. Additionally a
new station worth £50m was funded by Enfield Council.

Benefits to the region

•   New, step-free station predicted to serve 4m passengers a year
•   Better connectivity to London, Stanstead and Cambridge
•   Supports proposed 10,000 new homes for Enfield
•   Support thousands of new jobs
•   Gross Development Value of £6bn
•   The Council’s aim is to create a true 24-hour neighbourhood –
    a new destination to enjoy nightlife, music, theatre, cinema
    and much more, all year
OFFICIAL

Coventry station masterplan
Coventry railway station has seen a huge increase in passenger numbers over recent years, making it one
of the fastest growing stations outside of London in terms of annual passenger number increase.

A strategic alignment from key stakeholders including; West Midlands Combined Authority, Transport for
West Midlands, Coventry & Warwickshire Local Enterprise Partnership, Coventry City Council and Network
Rail have envisaged an £82m masterplan to redesign the station and surrounding area.

 Benefits to the region
 • New, modern station with step free access to all
   platforms, a new footbridge and lifts
 • Enlarged 633 space multi-storey car park and
   bus station
 • Increased retail space
 • Improved capacity benefits with a second
   entrance to Coventry station via Warwick Road
OFFICIAL

Bristol Temple Quarter
Bristol Temple Meads is a cornerstone of the Temple Quarter,
instrumental to its ongoing success and crucial for its future
growth.

A strategic plan costing £100m to transform Temple Meads station
into a 21st century transport interchange was developed with key
stakeholders including, Bristol council, Network Rail, Homes England
and University of Bristol.
Benefits to the region
•   Creation of a new city quarter within Bristol
•   Supports delivery of a new £300m University of Bristol campus including a digital
    innovation hub
•   Meet weekday rail travel capacity forecast to increase 59% by 2036
•   Contribute to the delivery of 11,000 new homes
•   Contribute to delivery of 22,000 jobs by 2032
•   The scheme projected to bring £1.6bn annually to the city's economy
•   130 hectares of brownfield land will be transformed over next 25 years
OFFICIAL

York Central
York Central is a large brownfield site to the west of the city’s
railway station, and is a unique opportunity for housing and
economic growth in the centre of York.
Through a collaborative development partnership, including
Network Rail, the National Railway Museum and Homes England,
£155m of public investment is planned to deliver key
infrastructure, comprising: Housing Infrastructure Fund,
Combined Authority Funding , City of York Council, Enterprise
Zone borrowing and Local Enterprise Partnership.

Benefits to the region

•   Contributes to the delivery of 2,500 new homes in the city centre
•   112,000 sqm of commercial space including office
    accommodation
•   Additional £1.2bn in Gross Value Added (GVA) to the local economy
•   Additional 6,500 new jobs in the city centre
•   The world-class museum is hoping to attract 1.2m visitors per
    annum as part of its own £50m masterplan
OFFICIAL

Leeds integrated station masterplan
Leeds is the busiest station in the North and second busiest outside
London, with 34m passengers per year.

A strategic masterplan has been developed with key stakeholders
including: Leeds City Council, HS2, Transport for North, West Yorkshire
CA and Network Rail who came together to achieve this £500m
investment.

The objectives of the masterplan is to help the station become a major
transport hub and functional business. And for it to form a civic
gateway, major economic artery, and a “shop window” for rail and for
Leeds city region.
Benefits to the region

•   Contribute to the delivery of 24,000 new jobs in Leeds city centre

•   Contribute to the delivery of 8,000 new homes by 2028

•   £55bn additional Gross Value Added (GVA) to the local economy by 2050

•   Improved station capacity and integration with a new HS2 station

•   A ‘destination station’ with improved user experience and commercialisation opportunities

•   Addressing the increasing capacity for pedestrians/ passengers within the station to meet the projected growth in demand
    anticipated to be an increase of 81% by 2043
OFFICIAL

A masterplan for London Victoria
London Victoria is home to a vibrant mix    Benefits to the region
of residents and businesses, and in the     •   Improved integration with public transport modes, including
last ten years has seen an increase in          coach station
development and investment in
                                            •   Improve the look, feel and capacity of the station itself to
transport.                                      benefit passengers

The partnership of key stakeholders on      •   Delivery of 1,000 new homes
“Future Victoria”, a masterplan for new     •   Delivery of 4,000 new jobs by 2040
development opportunities in and around
                                            •   Provision of an additional 29,000m2 of retail space
the station, is comprised of Westminster
City Council, Victoria Business             •   Environmental improvements for cyclists and pedestrians
Improvement District (BID), Network Rail,   •   Enhanced walking routes to Pimlico, Belgravia and nearby
the Greater London Authority, Transport         attractions
for London and landowners.
                                            •   Enhanced social and community facilities in the area
An anticipated £2bn is planned to be
spent on the delivery of the scheme.
Supported by a framework for transport
and movement, commercial
opportunities are a core focus. This
includes property development and
maximising third-party funding.
Discussion points:

 • What more can Network Rail do to be a better
   partner and stakeholder in driving regional
   economic growth?

 • Are there any initiatives in your local area that
   you are looking to develop in partnership with
   us?

                                                   15
OFFICIAL

London Bridge station, transformed as part of the Thameslink programme
Appendix
OFFICIAL

Some funding opportunities…..
Levelling up fund                                                      Department for Business, Energy and Industrial Strategy
£4.8bn fund to support town centre and high street                     (BEIS) public sector decarbonisation scheme
regeneration, local authority projects, and cultural heritage          £1bn fund local government proposals to enable net-zero
assets                                                                 ambitions

Ministry of Housing, Communities and Local                             Development corporations
Government (MHCLG) towns fund                                          E.g. The East Midlands Development Corporation is an ambitious
Requires “town deal boards” representing public and private            new delivery vehicle for economic growth with £235m
sectors to identify proposals that drive economic growth               investment

Strategic housing infrastructure fund (SHIF)                           National Infrastructure Bank
Delivering 100,000 homes through £2.3bn investment in                  £22 billion of financial capacity enabling private sector and local
local authorities                                                      government partnerships to increase infrastructure investment,
                                                                       help tackle climate change and promote economic growth.
Future hight streets fund
£830m fund to renew and reshape town centres and
highstreets in a way that drives growth, improves
experience and future sustainability
Key Contacts in Network Rail                                           14

Please engage early! Ideally right at the beginning.

• Eastern
     Paul McKeown, 07713301885, Paul.McKeown@networkrail.co.uk

• Northwest and Central
    Jadon Silva, 07436275492, Jadon.Silva@networkrail.co.uk

• Wales and Western
    Francis McGarry, 07920155806, Francis.McGarry@networkrail.co.uk

• Southern
     Paul Harwood, 07799 864 430, Paul.HARWOOD@networkrail.co.uk

• Scotland
     Matthew Spence, 07825 766 724, Matthew.Spence@networkrail.co.uk

• National/Cross Regional initiatives
    Tolu Osekita, 07710959895, Tolu.Osekita@networkrail.co.uk
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