FuturePlaces business plans for multiple sites pushed back

0

THE publication of the first business plans for the major projects of the municipal urban regeneration company has been postponed.

BCP FuturePlaces officials were due to present documents to BCP Council leaders at a cabinet meeting on Wednesday, October 26.

The company, which is a long-standing local authority-owned organisation, was to make recommendations for residential redevelopments in Poole for the Chapel Lane, Constitution Hill and Poole Civic Center car parks.

The cabinet’s forward plan, released in late September, also contained business case elements for the Christchurch and Poole Civic Center buildings listed for this week’s meeting.

However, when the agenda was released last week, nothing related to FuturePlaces was listed.

Bournemouth Echo: Chapel Lane car park in Poole.  Photo: Google Maps/Street ViewChapel Lane car park in Poole. Photo: Google Maps/Street View (Picture: Google Maps/Street View)

This was the second delay to some of the plans, as the Christchurch Civic Offices and Christchurch Civic Center projects were first booked to cabinet in September.

A spokesman for the BCP Council told the Daily Echo: ‘The reports were deferred to Cabinet on 14 December to allow sufficient time for FuturePlaces to brief Lord Kerslake, the new independent chairman, on the activity of the firm. and pending business cases.”

As reported, former Civil Service leader Lord Bob Kerslake was appointed chairman of FuturePlaces by the council’s chief executive, Graham Farrant, using his powers to make an urgent decision after the council’s full meeting last month did not take place out of respect for Her Majesty the Queen. Elizabeth II.

The company said Lord Kerslake’s appointment marked the end of its “start-up” phase.

Echo of Bournemouth: Lord Bob KerslakeLord Bob Kerslake (Picture: PA)

Profitability plans agree to state the recommendations for site development and propose a delivery route.

FuturePlaces needs board approval before it can proceed with producing a full business case.

In the new year, business cases are expected for projects at Holes Pay, Poole Quay, Poole North, Wessex Fields, Westover Road and Bscombe.

BCP Council loaned the urban regeneration company £8m to fund its initial activity. This working capital loan, which will be repaid as the projects progress, represents approximately 50% of the community’s current unrestricted reserves.

Discussing the outline of business plans this summer, FuturePlaces Managing Director Gail Mayhew said: “We are committed to making the most of a place and improving it and to do this we will ensure that residents, local businesses and key stakeholders are at the center of all the plans we pursue.

“Following the business case, we will undertake wide-scale engagement and consultation with local communities to give people the opportunity to influence and shape any future development before presenting a full business case to council at the fall 2023.”

Share.

Comments are closed.