Posts tagged Northampton

£330m campus development get the go-ahead

CPO Unlocks £330m Campus Development

The Secretary of State for Communities and Local Government has approved a vital compulsory purchase order (CPO) that will kick-start a major £330 million campus development and create new jobs.

Led by WNDC and the University of Northampton, the CPO covers land for a new road through Avon Nunn Mills – the largest site in the Northampton Enterprise Zone.

Located next to the River Nene, the brownfield site includes a disused Avon Cosmetics factory, as well as a former power station owned by Taylor Wimpey UK and Persimmon Homes.

In November 2012, the landowners agreed a landmark deal with WNDC and the University of Northampton. It could see the area transformed into a state-of-the-art, waterside campus, enabled by a new 1 mile spine road.

Peter Mawson, WNDC’s Chief Executive said: “The University campus will be an unprecedented development for Northampton, breathing new life into its town centre.

“It is the jewel in the crown of an exciting regeneration programme, with nearby projects ranging from a new railway station to riverfront offices starting construction this year”

Professor Nick Petford, Vice-Chancellor at the University of Northampton said: “We are delighted that the Secretary of State has approved the compulsory purchase order which will allow full development of the Avon Nunn Mills site.

“This compulsory purchase order places the University one step closer to realising our plans to create a state-of-the-art Waterside Campus; placing the University in the heart of the community.

“As the Midlands’ most enterprising University of 2013, the University of Northampton fully supports the values of the Enterprise Zone with the creation of jobs, skills and enterprise and looks forward to being a part of the wider plans to regenerate Northampton.”

Carole Stronach, director of real estate for Avon, and the consortium of landowners said: “The University’s campus development plan is a tremendous opportunity and Avon looks forward to working with West Northamptonshire Development Corporation to ensure that the land required to enable the full redevelopment of the Avon Nunn Mills area is brought forward as quickly as possible”.

Plans for the campus development are well advanced, with the University of Northampton looking to submit a planning application this Summer. Subject to securing planning approval and funding arrangements, the University would like construction to start in 2015 and complete in 2018.

Government Approves Northampton Enterprise Zone Site

CPO Powers Secure Enterprise Zone Site

Communities Secretary Eric Pickles has confirmed a Compulsory Purchase Order (CPO) for the development of a 2.4 hectares scheme in Northampton Waterside Enterprise Zone.

The CPO is set to kick-start the transformation of the area, boosting the construction industry and creating new jobs in the trades. Plans include the building of 40,000 sq metres quality office space and six-storey Innovation Centre, which begins construction this summer.

Councillor David Mackintosh, Leader of Northampton Borough Council said: “Across our town we are seeing exciting Northampton Alive projects breathing new life into areas as we unlock their potential.

“There are real opportunities to invest in Northampton and our Enterprise Zone. This is another positive step as we bring together another site for redevelopment and new employment opportunities.”

WNDC now owns all of the vacant land, 5 commercial properties and 10 residential properties in St Peter’s Waterside. In addition, the Corporation is in advanced discussions with National Grid about the potential to include two adjoining Gasholder sites in the development plans.

Government Approves Northampton Enterprise Zone Site

The CPO is one of two that the Corporation has launched in the Northampton Enterprise Zone, with the other Order covering the Avon Nunn Mills site. A decision on that CPO is expected later this spring.

Chris Garden, WNDC’s Director of Regeneration said: “With its central location and transport links, St Peter’s Waterside is a perfect location for high profile office development.  We have been buying land in the area for some time, but this CPO means we have consolidated various sites and can press ahead with our plans.

“There will be cranes in the skyline this summer, with work starting on the first phases of development and demolition. Meanwhile, directly opposite the site, construction will be underway on Northampton’s new railway station. It is a defining period in the regeneration of the town.”

What is your reaction to the Compulsory Purchase Order given by Communities Secretary, Eric Pickles, to pave to way for new businesses as well as boost the trades? Share your thoughts by commenting here or raise your voice on our Facebook and Twitter pages.  

£52.5m funding package means more trade jobs in Northampton

 

Listen to Philip Sugarman, our CEO, being interviewed on BBC Radio Northampton.

Click here to download and listen the interview

The award-winning St Andrew’s Healthcare, which is the UK’s largest mental health charity, has confirmed it now has the funding package in place to enable a further major investment in brand new facilities at its Northampton base.

St Andrew’s, the largest charity sector provider of NHS care, has agreed a £52.5m funding package with Lloyds TSB, to include funding the construction of a new 90-bed psychiatric hospital. The new facility will provide secure accommodation for a number of new services and will allow expansion of its existing national services.

Professor Philip Sugarman Chief Executive Officer at St Andrew’s said “In the last ten years we have completed a £200m programme of development and refurbishment across four sites, with our new units achieving high levels of occupancy. We have seen continuous growth and a recent sharp rise in market share.”

“We are now ready to plan the next phase of growth, with new facilities for service users placed with us by our NHS customers. These developments will strengthen our position as the UK’s leading provider of specialist secure care and as the country’s only independent national teaching hospital.”

Chief Finance Officer Nigel Alcock says: “Despite challenging financial forecasts for independent mental healthcare providers, St Andrew’s saw turnover increase by over 5% last year, to £169m.  As a charity it is essential that any financial agreements we enter into are right for our long-term commitment to care for as many people as possible.  We are in a very different position to some private companies, and that’s why we believe that the charitable model offers huge potential for the sector.

“This funding agreement will help St Andrew’s maintain the great results we have achieved by reinvesting in the future of mental healthcare over the last few years.  We are delighted to have finalised the deal with Lloyds, who have been fantastic to work with.”

David Hykin, Relationship Director at Lloyds Bank Wholesale Banking & Markets said: “St Andrew’s Healthcare has delivered a strong track record of growth in recent years, demonstrating the strength of its balance sheet and its future potential. We are working closely with the management team to support the growth ambitions of the charity, which is a well-established and impressive enterprise in the healthcare sector.”

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