Braintree, District Council, Colchester Borough Council, Tendring District Council and Essex County Councils have now all agreed to enter into joint arrangements to bring forward three proposed new ‘Garden Communities’ which would deliver 30-40,000 new homes alongside significant new infrastructure, jobs and associated facilities.
Recent papers have been presented to respective Cabinet and Full Council meetings at the Councils in early December 2016 setting out the basis to establish innovative delivery and funding mechanisms to enable the Councils to play a positive and proactive role in shaping the approach to future growth.
An overarching wholly Council owned body to be known as North Essex Garden Communities Limited (NEGC) is to be established to coordinate the development of the sites and the strategic approach to growth, funding and infrastructure delivery.
NEGC will establish further companies (Local Delivery Vehicles – LDVs) for each proposed Garden Community, working with landowners and local communities to bring forward schemes that truly deliver on garden city principles.
The Councils have also given in principle agreement to provide funding to the LDVs to address the challenges of early infrastructure delivery and the long term nature of such schemes. Funding of upto £460m will be used to pay for delivery of infrastructure in a more timely and co-ordinated way than could be achieved via traditional development models.
The project is one of the largest, most ambitious, and innovative to consider and evolve new solutions to delivering strategic sites. Hyas are providing ongoing advice and support in respect of strategic planning, financial modelling and scheme delivery.