Mark Camley

London Legacy Development

Corporation
October 2015

Outline
Queen Elizabeth Olympic Park the
journey, funding model and making the
Park financially sustainable
Funding models more generally
Skills
Design
Green infra-structure
Hopes and Fears

Queen Elizabeth Olympic Park Park, Place, People

Creating 20,000
jobs, with a
focus on
emerging
industries/
start-ups

At heart of
Londons most
diverse
community

Four schools,
4,000 pupils,
UKs largest
outdoor
classroom

Over 8 million
visitors

Natural home for

arts and culture
part of the
fabric and
surroundings of
the Park

Sustainability
at the heart of
Park
development

London Legacy Development

Corporation

Before

After

The International Quarter

Four million square feet of workspace

330 new homes, a new hotel and
over 50,000 square feet of shops and
restaurants
25,000 jobs on site
Tenants including Financial Conduct
Authority and Transport for London,
with more to follow
London Legacy Development
Corporation

Here East

(Former press and broadcast centres)

Former press and broadcast

centres

1.2 million square feet of space in

a campus that combines
business, technology, media,
education and data in the pursuit
of innovation

Partnership of Delancey and

Infinity SDC

5,300 jobs on site, plus 2,000

more in surrounding areas

Programme:

BT Sport broadcasting from last

year

Works underway this summer

Other tenants, including

Loughborough University,
Hackney Community College,
Infinity SDC, Wayne McGregors
Random Dance moving in from

London Legacy Development

Corporation

Olympicopolis: Education and cultural quarter

Working with University College London and Victoria and Albert

Museum
Fully supported by Mayor of London and Government
Developing concepts and commercial proposals during 2014
Indicative programme of planning and procurement in 2015,
construction from 2016
London Legacy Development
Corporation

10

Just the beginning of journey

2015: key
tenants move
into Here East

Oct 2015:
Rugby World
Cup

Dec 2015:
First
neighbourhoo
d welcomes
residents

Aug 2016:
Stadium
opens
permanently

2017: First
commercial
spaces in
The
Internation
al Quarter

Summer
2017: IAAF/IPC
World
Championship
s

2018:
Crossrail
comes to
Stratford

2019: Opening of
Olympicopolis
starts

11

Queen Elizabeth Olympic Park - funding

Government
GLA
Fixed Estate Charge
BIG capital injection
Early reactive funding
Steady state focus on
efficiencies to reduce costs
12

Funding for Parks

Will remain challenging
No silver bullet
Stimuli - NESTA, Policy Exchange, and
National Trust
Opportunity to learn from test areas, look to
adapt and adopt for own local circumstances
Adversity has helped breakdown some of the
traditional barriers between local authority
staff and contractors and resulted in more
collaborative working in a number of areas
Parkies Can do
British Cycling - incremental improvements
13

CABE Space Paying for Parks

Traditional LA funding
Majority of UK
Parks
Multi-agency
UK Sport, FA, Health
Tax incentives
Parks Victoria, Parks
charge
Planning opportunities
QEOP, s106, CIL
Bonds and commercial finance St. Louis Forest
Park
Income generation
Hyde Park
Endowments
Milton Keynes Park
Trust
Voluntary and community sector
Central Park
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Other options

Free Goods
Grants, Philanthropy, Volunteering, VIK
Sponsorship
Advertising, Naming rights, Pouring rights
Asset management
Better Buildings, Event space
People power
Birmingham Parks

15

Selling opportunities

16

Skills

Myth bursting
Age profile
Training
Apprenticeships
Beyond the obvious

17

Better by design

18

19

Green Infra-structure

Parks Victoria water catchment

iTree
Surface Water Drainage
Transport

21

Makes my heart sink

Gardeners Question Time

Chelsea Flower Show
Swans

22

Makes my heart soar

Garden Bridge
Greater London National Park
Bees
HLF
Policy Exchange/National Trust/UK
Sport
The Parks Alliance
Rethinking Parks mould
breaking/innovation
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Thank you

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