Published on July 23, 2014
Ellesmere Port Development Update 15 July
Andy Duxbury Aaron & Partners LLP
Cllr Mike Jones Cheshire West & Chester Council
Chester Development Update 15 May 2014
> Up to 10 buildings > Up to 500,000 square feet of space > Circa 200 canal side residential units > c.£120m development value > Enhanced gateway > CW&C delivered public realm and relocated car park Masterplan summary
> New station car park > New gateway and pedestrian access > Relocated police station > New public realm Making the place
New station car park
Work has started!
> Up to seven storey, Grade A office building > 70,000 square feet > Minimum BREEAM Excellent > Potential ground floor active use > £16.5m value > £19.50 - £21.00 psf rent (including parking) > Evergreen and ERDF funding Delivering the development – Phase 1
First phase office building c.70,000 sq ft
View from the station
> Complete new station car park – May 2014 > Commence phase 1 building – June 2014 > Commence public realm works – August 2014 > Complete phase 1 building and public realm – September 2015 > Commence residential development – August 2015 Programme – Phase 1
A business location
Chester Development Update 15 May 2014
I support the Business Improvement District initiative because I believe it will improve economic performance of our local marketplace and help local businesses maximise their potential. Paul Daniels CH1 Chester BID Board Chairman ch1chesterbid.co.uk
WHAT IS A BID? A BID IS A BUSINESS-LED AND BUSINESS-FUNDED COMPANY, FORMED TO IMPROVE THE ECONOMIC PERFORMANCE OF A DEFINED COMMERCIAL AREA.
WHY A BID?
ch1chesterbid.co.uk • Improve our economic performance • Response to business opinion • Collaboration of intellect, knowledge and resources • Business model that delivers sustainable growth WHY A BID? • Reverse the current decline from it’s current position of 59th
UK TOWNS AND CITIES HAVE BIDs. 170
BUSINESSES CONTRIBUTE TO BID LEVY. 55,000
PRIVATE SECTOR INVESTMENT RAISED THROUGH BIDs. £91m
BID funding reinvested directly and exclusively into City Centre.
HOW DOES A BID WORK?
ch1chesterbid.co.uk • BID ballot • BID levy • BID levy set at one of the lowest in the UK • Nil charge for businesses RV < 18,000 • BID levy will generate > £2.5m over 5 years • BID levy does not replace CWaC statutory services • Investment decisions are made by businesses in BID area. HOW DOES A BID WORK?
WHAT WILL A BID DELIVER FOR US?
ch1chesterbid.co.uk • Single Independent Private Sector Company • Delivering dedicated marketing campaigns • Adding new and quality events to our calendar • Making our city centre cleaner and safer • Delivering a greener and more attractive city centre • Delivering real cost savings for businesses • Increasing footfall, average spend and profitability WHAT WILL A BID DELIVER FOR US?
WHO IS SUPPORTING THE BID?
ch1chesterbid.co.uk WHO IS SUPPORTING THE BID?
WHAT HAPPENS NEXT?
ch1chesterbid.co.uk WHAT HAPPENS NEXT? PHASE 1 Funding PHASE 2 BID Board, Team and CCM PHASE 3 Commercial initiatives PHASE 4 Communication: events, website, social media PHASE 5 BID ballot PHASE 6 Deliver business plan
OUR CITY OUR FUTURE
JUNE 2014 VOTE YES
SUPPORT THE BID CH1ChesterBID.co.uk
Panel Discussion Chester Development
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