Posts tagged developers

Swansea Uni £90m expansion to bring 4,000 trade jobs

Some 4,000 jobs are set to be created during the construction of a new science and innovation campus for Swansea University.

The University announced yesterday it has secured £90 million funding from the European Investment Bank and the Welsh Government towards its campus development programme.

The expansion programme also includes the regeneration of Swansea University’s Singleton Park Campus which will see further 6,000 indirect jobs supported in the wider economy.

Developer St Modwen will work closely in collaboration with its construction partner, Vinci, for building work to start in early 2013. The new campus and new student residences will be completed by autumn 2015.

Vice President of the European Investment Bank, Simon Brooks, said: “This scheme will not only benefit future generations of students, but develop specialist skills, drive innovation and enhance economic growth in Wales.

“The European Investment Bank is committed to funding leading research and educational excellence across Europe and is pleased to support this landmark investment.”

Swansea University’s Vice Chancellor, Professor Richard Davies said the University was grateful to the European Investment Bank and the Welsh Government for the investment which will create new jobs and boost the economy.

Professor Davies said: “The new Science and Innovation Campus is a transformational project for Wales and for the University.

“It promises to become a global exemplar for how a research intensive university can work effectively with industry, helping to drive economic regeneration and creating exciting employment opportunities for its graduates.”

Government Approves £650m Chatham Docks Scheme

The Government has approved plans to transform a 26-acre site at Chatham Docks into a £650 million development set to create 3,500 new jobs.

Medway Council granted planning permission to the scheme, which has now been approved by Communities Secretary Eric Pickles.

Construction work on the Peel Group’s project is scheduled to start next year, paving the way for jobs in the building sector and giving ‘a real economic boost’ to the region.

Leader of Medway Council, Cllr Rodney Chambers, said: “This is a major step forward for the regeneration of Medway and is a clear indication of how the area is growing and continuing to attract significant investment from developers and businesses.

“Not only will it create thousands of jobs for residents in the near future, but it will provide opportunities for future growth and unrivalled facilities for residents and visitors alike to enjoy and benefit from.”

The major development will build hundreds of new homes, a hotel, a supermarket, office and retail space, as well as education and community facilities.

James Whittaker, Development Director at Peel said he was delighted the Government has approved outline plans for Chatham Waters.

Mr Whittaker said: “The plan will regenerate and breathe new life into a significant area of the dockland and give the region a real economic boost.

“We will now continue preparing detailed plans for the first phase and we hope to start building on the site next year.”

The Queen Announces Support for the Renewable Industry

As part of her speech to Parliament yesterday, Her Majesty the Queen introduced Electricity Market Reform to encourage more investment in low carbon generation and clean energy.

The Queen said: “My Government will propose reform of the electricity market to deliver secure, clean and affordable electricity and ensure prices are fair”.

The Electricity Market Reform will put more restrictions on the emissions of new coal plants and create a new independent regulator, the Office for Nuclear Regulation, which will be funded by the industry, the BBC reported.

The Renewable Energy Association welcomed proposals for new energy bill. It said said that the industry will need to know its details as soon as possible in order to adjust and protect developers in the renewable sector.

Chief Executive of the REA, Gaynor Hartnell, said: “The new arrangements aim to deliver a stable price for renewable electricity generators, irrespective of what happens to electricity prices. If all works as intended, it should make project development less risky and means that the public pays no more than it needs to for green power.”

What is your reaction to the Queen’s speech? How do you think the proposed reform will help you or your business? Share your thoughts by leaving a comment below: 

London Greater Authority Invites Firms to Bid for Building Construction Work

In a drive to boost the housing market and accelerate the building of new properties in the capital, the Greater London Authority (GLA) is seeking developers to join a new £5 billion procurement panel which will open more work for external contractors and building developers, Construction News reported today.

From 2013 the new housing procurement panel will replace the current Homes and Communities’ Agency, the London Delivery Partner (LDP). It is going to be managed directly by the GLA, speeding up the process for building private and social houses as well as improving the development of properties in the public sector.

The new panel will recruit up to 28 building firms that employ thousands of workers in the building construction engineering sector. This could provide more employment opportunities for trade professionals.

A bidding process is currently open to any firms that are capable of delivering housing developments, raising sufficient finance and improving community facilities. Interested developers need to apply before 4th May 2012 and successful bidders will be awarded by 1st April 2013.

The scheme is expected to increase competition between contractors and improve current housing standards as well as optimise the process of marketing and selling new homes in the capital.

What’s your reaction to the £5 billion fund which will give the Greater London Authority more control over future housing developments in the capital? Share your thoughts by leaving a comment below: 

 

Go to Top