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News Release

London

UK Regeneration aims for 20000 new homes by 2020


UK Regeneration today launched its programme of collaboration on new regeneration projects across the UK aiming to deliver 20000 new homes by 2020.

Supported by investment being raised by Barclays Capital and working with a team of strategic partners - including Jones Lang Lasalle UK, Eversheds, Workspace, Red Box Design Group, and Willmott Dixon - UK Regeneration is inviting local authorities to come forward with places they want to see transformed.  These projects will be focused on a new approach to private rented homes in mixed use schemes; they will unlock local investment, improve the local economy and kick start regeneration.

Jackie Sadek (UKR CEO) said: “The regeneration business has changed. Government has challenged us to move from a dependency on public funding to growth based on private investment. This is our response.”

“Our aims remain the same: to change places and people’s lives for the better. But we need new methods: simple, quick, based on experience not unnecessary reinvention, locally focused and responsive.”

“We need higher ambition: looking forward to and driving major changes in the housing market. We have set the target of delivering 20000 new homes by 2020.”

“We are developing a new model bringing ideas from outside the traditional development industry. New homes will be high quality and make renting a positive choice. Innovative approaches to commercial and retail space will bring jobs for local people.”

“Our strategic partners are working with us to create this new way forward. Local partners have already identified opportunities for over 500 homes and developments valued at over £150m where we can demonstrate how this is done.”

“We are making an offer of open collaboration. We are setting out clear criteria: framing the right collaboration on the right site, with the right approach and the right way forward.

“We are making a set of clear and firm commitments to how we will deliver: simple and quick decision making; fair and open accounting; full engagement with local people; delivery of local jobs and enhanced skills and a long term commitment to quality of place and transforming perceptions of the locality. If you have a 2 ha site in or near your town centre, have a flexible approach to getting things done, and see the potential to kickstart a new way forward then talk to us about how we can bring investment to your area to support you in delivering your ambitions.”
 
Grant Shapps, Minister for Housing and Local Government, said:  “I am delighted to see UK Regeneration taking a new and innovative approach to helping some of the most vulnerable communities in this country.

"Demand is there for good quality, affordable accommodation in the private sector and I look forward to seeing these plans taking shape, and how they will offer a shot in the arm to those local areas.

"This will sit well alongside Government efforts to taking a new approach to regeneration, which includes making sure communities for the first time see the benefits of growth in their neighbourhoods through the New Homes Bonus, and cutting the red tape that in the past has prevented exciting new projects from getting off the ground.”
 
Brendan Jarvis, Head of Property, EMEA, Barclays Capital said: “We have been working with Jackie Sadek and her team at UKR on this new concept since November of last year.  We have much still to do but we are very excited by the potential that this new model offers to open up new markets and to help unlock value for all stakeholders”.
 
Andrew Ludiman, Director, Strategic Consultancy at Jones Lang LaSalle said:  “We are very proud to be associated with this new initiative. The model presents exciting opportunities across the length and breadth of the UK to promote the growth of our communities. We look forward to providing extensive support as the projects gather momentum with investors, developers, local communities and residents.”
 
Alan J. Smith OBE, Chairman, Red Box Design Group said:
“We started working with UKR on the first three pilots in February and it has been an exhilarating ride.  We believe that open, transparent, partnerships with the public sector are the way forward and we commend the new energy, vision and direction that UKR have brought to fix a broken model”.  
 
Stephen Sorrell, Senior Partner, Real Estate, Eversheds LLP said: “Eversheds have been working in collaboration with numerous stakeholders in recent years to find innovative ways of bringing forward sites in partnership with the public sector.  We are delighted to see this coming together in UKR”.
 
Rick Willmott, Group Chief Executive, Willmott Dixon said:
 “We are delighted to be talking to UKR about potentially becoming a future construction partner, Willmott Dixon Group is actively working with a range of partners to find new innovative ways of delivering homes in this country”
 
Harry Platt, CEO Workspace said: We are delighted to be collaborating with UKR on this new model for regeneration in the UK, one that focuses on the delivery of jobs and support for small businesses. As a leader in supporting and driving regeneration through enterprise and entrepreneurs, we can provide our expertise to support this work.