A NEW HOUSING INITIATIVE – UK
REGENERATION Editor’s introduction
At the ACES Spring Conference in Barn- sley, Jackie Sadek, Chief Executive of UK Regeneration explained how her con- sumer research has exposed a potential gap in the property market from young professionals who want to live in “caring sharing communities”. Her revolutionary model of high quality private rented housing means that residents would not need to commit to home ownership. Jackie used the slogan “get a life not a mortgage.”
Framing the Right Collaboration
UK Regeneration will consider collaborating on projects meeting these nine criteria. They have been drawn up to avoid wasting anyone’s time. Your project needs to meet all, or almost all, of them, or be readily amended to meet them. Right Site
Right Approach
Size The site should have a minimum size of 2 hectares or 5 acres and no exceptional conditions (eg contamination).
Deferred reward Owners should be willing to accept de- ferral of payment for a minimum period of five years. Site value will be agreed at the outset subject to open book accounting.
Location The site should be in, or adjacent to, the town centre, with utilities available, and have adjoining urban grain; good public transport links are desirable.
Ownership All the land should be within the local authority ownership or in the ownership of co-operative third parties who are partnering the project and who are will- ing to participate on the same terms.
Next Steps
Contact us at
projects@ukregeneration.org.uk with enough information to understand how your project could work and we will get back to you.
46 THE TERRIER - Summer 2012
Flexibility Priority should be given to the financial viability of the scheme with flexibility as necessary in limiting requirements for affordable housing (which should normally be achieved by a commuted sum) and car parking.
Simplicity and speed Everyone involved should be prepared to adopt simple models (eg standard forms of legal agreements) and deliver speedy decision making (eg planning permissions within 4 months) and full site information
Right Way Forward
Regeneration Benefits Demonstrate how regeneration outcomes relevant to the local area will be achieved, including additional local employment and improvement in the incentive to develop in adja- cent areas
New Homes Planning authority should allow at least 70% residential use on the site with all being used for private rent- ing at market levels through ultimate ownership by institutional investors.
New economic activity Any other uses on the site should be complementary and determined by UKR and the local authority/other landowners for the optimum benefit to the local community.
New build schemes will be on infill sites of up to 5 acres in size in city centres. Her aim is to create a village type communi- ty with 70% residential accommodation and 30% commercial.
Jackie has developed the UK Framer, which is designed to “cut to the chase” with prospective sellers of suitable sites. Jackie hopes to work closely with local authorities and her first project will be in Nottingham.
The full presentation from Jackie will be in Asset for the Barnsley Conference. Meanwhile, the Framer is reproduced below. Jackie hopes to update readers in a subsequent edition of The Terrier.
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