the Business Forum and
the Economic Partnership
in Brighton & Hove
Homepage    BCRP Intranet    Funding    Events    Knowledgebase    Links    About us     Contact us
Key projects



Workforce development 


Business &

Property &
Development sites




Consultation opportunities

Brighton & Hove Business Forum
8-11 Pavilion Buildings, Brighton, BN1 1EE
Tel: 01273 735442
Email: info@brighton

© Brighton & Hove
Business Forum

News - 15 December 2008
(photo source:

Croydon shows new way to fund regeneration

Infrastructure investment group John Laing and Croydon Council formed a new model of public private partnership (PPP) on 1st December to deliver a £450m joint venture to regenerate significant sites across Croydon town centre. Could it be duplicated in Brighton & Hove?

The deal will create an Urban Regeneration Vehicle (URV), which is a company into which Croydon Council will invest land and John Laing will invest equity and expertise.

The Company is a Limited Liability Partnership with the council receiving an equal 50/50 share in the profits. They will also maintain ongoing control of their city regeneration agenda through their interest as a partner-landowner as well as through utilising their planning powers.

The deal is a reflection of the public sector’s ongoing quest for innovation from commercial partners to help maximise returns from their assets.

The URV partnership has a 25 year term and its initial remit is to provide the phased regeneration of four important town centre sites including but it has the option to add additional sites into the partnership as and when further development is required. In total the four intial sites will create approximately 1,250 new residential units, to be delivered between 2012 and 2017. The plans also include The Odalisk, (pictured above) a proposed £350m mixed-use development featuring a 4 star hotel, residential units and office space in two towers of 31 and 51 storeys.

The project will deliver a brand new headquarters office building for the council and they have already placed a deposit on an adjacent office block which will be incorporated into the new URV Company. It is anticipated that the council's land value and share of development profit will be sufficient to pay for the new headquarters and its running costs for a considerable period of time into the future.

The development of URVs could provide a blueprint for the many council's that are facing similar challenges with large scale regeneration projects and have sizeable land holdings to use as a bargaining tool with investment companies.

Other councils thought to be working up similar proposals are Sunderland, Newcastle, Birmingham, Carlisle, Dudley and Newham.

The withdrawl of funding, and subsequent collapse, of the King Alfred scheme on Hove seafront (see earlier story ) makes it clear that new development vehicles will have to be identified as the private sector retreats into its shell for the duration of the coming recession and possibly beyond.

Read related items on:
Construction and associated trades Industry
Commercial property

Browse our business Knowledgebase or search by keyword


14 March 2018
Better Business for All Event with BEIS
7 March 2018
Brighton celebrates women in tech as Spring Forward festival returns for a fourth year 6 March 2018
Six months of success for BTN BikeShare 2 March 2018
Sustainability in Action masterclasses for Sussex businesses 2 March 2018
Doing Business in China comes to Brighton 1 March 2018
Brighton & Hove Chamber of Commerce presents: Protecting your brand- a guide for fast growth businesses 1 March 2018
Long haul passengers boost local economy and jobs, according to new Gatwick report on the 'Visitor Economy' 28 February 2018
Save time reporting crime 27 February 2018
Warren Morgan Resigns from Brighton & Hove City Council 23 February 2018
Brighton Technology Company, Paxton Ranks in Sunday Times 100 Best Companies to Work For 23 February 2018
Greater Brighton's Commercial Property Database 22 February 2018
SE-ASSIST - Launch of Loan Capital in Greater Brighton 19 February 2018
House Price update Q4 2017 19 February 2018
What would you do in a crisis? 19 February 2018
The investment journey for high growth entrepreneurs 9 February 2018
Make Change Count 2018 - helping rough sleepers in Brighton & Hove 8 February 2018
Brighton Technology Company Paxton Announces Recipients of New Scholarship Programmein Association with the University of Brighton 8 February 2018
Cyber London Accelerator Invites Summer 2018 Entries 8 February 2018
Innovate UK Launches Strand 2 Emerging and Enabling Technologies Sector Competition 8 February 2018
Success In Sussex As Food And Drink Heroes Crowned Winners 8 February 2018
UK Games Fund - Fourth Round Open to Applications 8 February 2018
Innovate UK & Prince's Trust Launch Young Innovators' Programme 6 February 2018
Brighton & Hove Food Partnership launches 'Kit Out The Kitchen' crowdfunding campaign 2 February 2018
Brighton & Hove Council and Crest Nicholson win £15m government funding to kickstart King Alfred project 1 February 2018
Could a Utilise Plus Programme grant help you? 1 February 2018
Shoreham Port Facilitates Huge Operation 18 January 2018
IUK Announces Collaborative R&D Funding for Connected and Autonomous Vehicles Simulation 18 January 2018
Renault-Nissan-Mitsubishi Launches $1 Billion Corporate Venture Capital Fund for Next Generation Mobility 17 January 2018
PORTlife #17 Newsletter Out Now 17 January 2018
Over £19,000 raised for Burning the Clocks 2017 11 January 2018
Brighton Main Line Improvement Project: Planned closures in October 2018 and February 2019 11 January 2018
Come on in! Fairtrade Fortnight 2018 8 January 2018
Sussex Business SkillSnap targets hospitality industry skill shortage 3 January 2018
House Price update 2017 Q3 20 December 2017
£14.35 Million European Regional Development Fund Launched 19 December 2017
Leading the way - Sustainability in Action masterclass 15 December 2017
Brighton is among the best places to start a business due to their strong growth factors 15 December 2017
GTR consultation ends 20th Dec 2017 13 December 2017
Ethical Food StartUp Programme - Idea Generation Workshop 12 December 2017
Utilise Plus launch programme of energy efficiency grants and business support for SMEs