Bristol Development Framework Infrastructure Delivery Programme

More documents

Recommendations

Info

Bristol Development Framework Infrastructure Delivery Programme Potential Levels of Investment: 6.8 The West of England Delivery and Infrastructure Investment Plan has been developed with guidance from the HCA who have advised that their annual allocation to the West of England is anticipated to total approximately £60m. The Delivery and Infrastructure Investment Plan has identified the allocation of the following funding to Bristol: Table 6.1 – HCA Funding 2010‐11 2011‐12 2012‐13 2013‐14 2014‐15 Total HCA £12m £23m £29m £39m £41m £144m 6.9 For 2010‐12 these figures are additional to approximately £25m of funding which is already committed. The investment within the tables is also subject to specific appraisals by the HCA and available funding. 6.10 The council has also evaluated alternative approaches to its assets in the priority locations and will support delivery through the phased disposal of land in order to kick‐start sustainable development in the short term, while capturing development value in the long term. The mechanisms used for this approach are evolving and will require regular review. 6.11 Other potential sources of investment include: • The Regional Development Agency (RDA): The Delivery and Infrastructure Investment Plan does not include any RDA commitments. Discussions about future investment in sites and premises for employment are required amongst the four councils and their economic partners, including the new RDA Executive and Area Directors for the sub‐region. • The Regional Infrastructure Fund, which provides cash flow support where a detailed business plan demonstrates that a development can repay the loan required to close the infrastructure funding gap. • Exploring any scope for aligning any Environment Agency or Highways Agency investment to give support to investment required as part of developing priority places. • Monitoring any further national developments in the retention of business rates in an area for an agreed period to meet public infrastructure funding gaps. • Further examining the scope for the application of Community Infrastructure Levy if the scheme becomes available in April 2010. ‐ 10 ‐
Bristol Development Framework Infrastructure Delivery Programme 7. Summary – Housing Development 7.1 Combining the schemes coming forward through current grant funding, the developments outlined in the emerging Delivery and Infrastructure Investment Plan, commitments (sites with planning permission for 10 or more dwellings identified by their developers as likely to come forward) and future development potential (identified through the SHLAA), we are able to estimate what development will come forward from this financial year what other schemes may also come forward privately during this period and what further development may come forward during the remainder of the plan period. Table 7.1 – Summary of housing completions, commitments and 2009 SHLAA by policy area Completions 06/07 to 08/09 Commitments 2009/10 to 2014/15 Remaining Plan Period 2015 to 2026 TOTAL City Centre 1,532 3, 761 2,998 8,291 Inner East Bristol 697 1,128 198 2,023 South Bristol 1,883 2,228 6,602 10,713 Northern Arc 934 1,007 1,873 3,814 Rest of Bristol 1,991 2,272 1,122 5,385 TOTAL 7,037 10,396 12,793 30,226 7.2 The results of the Roger Tym study, concluded that there were no major infrastructure growth barriers to development in Central and North Bristol, and that market conditions, i.e. viability, were responsible for delays in development until conditions improve by 2014, according to their predictions. 7.3 From this, much of the residential development proposed in the Core Strategy is likely to come forward as market conditions improve. This applies to Central and North Bristol, excepting major redevelopment in St. Philip’s North of the Feeder which may experience delay. In the present challenging market conditions, targeted policy interventions as proposed in the Delivery and Infrastructure Investment Plan are helping to release both public and private housing sites for development. 7.4 For South Bristol, transport infrastructure is identified as a ‘growth barrier’ until 2016, although for Knowle West, anticipated delays are longer. Again, targeted policy interventions will see the release of some sites however, it is accepted that the bulk of housing development is unlikely to come forward until market conditions improve and essential transport infrastructure is in place. The delivery of the required transport infrastructure is set out in the infrastructure schedule (Appendix A). ‐ 11 ‐
Page 1 and 2: ‐ 1 ‐ Bristol Development Frame
Page 3 and 4: Bristol Development Framework Infra
Page 9: Bristol Development Framework Infra
Page 15 and 16: Appendix A: Infrastructure Schedule

Bristol Development Framework Infrastructure Delivery Programme

Create successful ePaper yourself

Delete template?

Save as template?