everywhere is different

Facts:
• 2.65 million people out of work & growing;
of which
• 940,000 aged 16-24
• Lowest house building since 1920’s
• 3 million homes needed
• Age of austerity
It’s the economy
 CHINA
2009 =
78,000km high speed
track
2020 =
120,000km high
speed track

China Daily: 29th July 2010

205km taking
UK total to
647km by
2025
 Private Sector need:

• Clarity
• Certainty
• Consistency
PACE
NEWHAM
 GROWTH
CENTRAL LONDON
LONDON THAMES GATEWAY

Slide 14
CONTEXT
 HISTORY
The Royal Docks in 1964
Slide 16
 TODAY
Slide 17
The Royal Docks now
 CHALLENGES
*

Present Day London Poverty

Slide 18 Map
Slide 19

HOUSE PRICES
CONNECTIVITY
Slide 21

OPPORTUNITY
SCALE
 POTENTIAL
£3,000,000,000
Newham’s expected contribution
to UK GDP
 PUBLIC LAND
CENTRAL LONDON LONDON THAMES GATEWAY

LBN & LDA ownership:

83 times bigger than the Olympic Park
Slide 24
MODELS WE KNOW
• PFI
• Tax Increment Financing
• ERDF / JESSICA
• CIL
• New Homes Bonus
• S106 pooling
• Prudential Borrowing
• BID’s
• Supplementary Business Rates
• Direct public sector grant
• Equity Funding
• Regional Growth Fund
• Joint Ventures
• et al
 OTHER PARADIGMS
• FAST INFRASTRUCTURE

• NEO INFRASTRUCTURE

• NEW FORMS OF OLD INFRASTRUCTURE

• ROUTE 1
FAST REGENERATION
 NEO INFRASTRUCTURE

• 22 @ Barcelona
• Broadband
• “Nervous Systems”
• Neo-Enterprise Zones
• Hypothecation
 NEW FORMS OF OLD
INFRASTRUCTURE

STADIUM
SPV
 TOLLS

RIVER CROSSINGS
SPONSORSHIP

CABLE CAR
SWEATING THE PUBLIC ASSET

HOUSE PRICES
 ROUTE 1

SUGAR DADDY