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Tenfell
Closed tender
Published 02 Nov 2016

Liphook Redevelopment

Five Councils Partnership · United Kingdom

Key facts

Closing date
18 Nov 2016
Contract starts
02 Jan 2017
Contract ends
29 Dec 2017
Procedure
Open procedure
Buyer type
Local government

Description

The East Hampshire Invest for Growth Initiative is an economic development driven project aimed at generating new modern business floorspace, creating jobs and promoting enterprise. The initiative is an innovative and proactive way through which the local authority can secure employment land, jobs and drive economic growth. The intervention seeks to address challenges faced such as an ageing stock of business premises, a shortage of modern high quality business space and reluctance to invest in speculative development, along with the loss of business use floor space to higher value uses such as residential. The Council considers its' intervention in commercial development as a way to speed up delivery and increase the supply of business premises to enable business to grow and thrive in the district. The Invest for Growth initiative combines private sector contributions, Local Enterprise Partnership Funding and Council funding to create a single fund to be invested in the local economy. The fund will be invested in business premises and the rental income reinvested in local economic development projects creating an economic and social return on investment. The project has received strong support from the Council, Enterprise M3 Local Enterprise Partnership, central government and private sector partners including Taylor Wimpey (Southern Counties), PDP Architecture LLP, TNG Consulting Engineers and Scott, White and Hookins. All our partners benefit from recognition of their role in enabling this local initiative, through publicity.

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