Stockton-on-Tees Borough Council

Big plans, bright future

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Cabinet Decision: 6th September 2012
Title of Item/Report
NORTHSHORE DEVELOPMENT PROGRESS UPDATE
Record of the Decision
Members received a report that updated Cabinet on the success and positive progress made in the development of Northshore, as well as the additional opportunities being advanced.

It was explained that Phase 1 of the Homezone commenced on site in March 2011 and was scheduled for completion on 4th September 2012. This first phase would see 50 properties delivered on the site offering a range of two, three and four bedroom properties. To date, 12 social/affordable rent properties had been transferred to Fabrick and a further 16 properties had either legally completed or exchanged contracts, which demonstrated positive sales activity despite tough market conditions. To raise the profile of the Homezone scheme and to promote the commercial opportunities at Northshore, a dedicated website and brochure would be launched in the coming weeks.

Due to the ongoing success of Phase 1, a planning application to provide a further 76 properties through Phase 2 of the Homezone has been submitted. As part of this second phase, Muse (developers of the site) had secured Get Britain Building funding which would fund 25 units within the proposed development and this received approval on 6th August.

To bring forward further development on the Northshore site, Stockton Borough Council in partnership with Homes & Communities Agency and Muse were undertaking a study to assess the scale of demand for an Innovation Centre. It was envisaged that the building would extend to approximately 25-30,000 sq ft and be designed to provide flexible incubator and managed workspace accommodation for digital, creative and science based businesses.

To help realise this ambition, there was an opportunity to apply for significant investment through the European Regional Development Fund. To secure this intervention, the first stage of the process was the completion of an outline application, which had been submitted to the ERDF Programme Executive Group Following the submission of the outline funding application, CLG would confirm whether the proposal was acceptable in principle and a more detailed business plan would be required.

Plans for an extension of Queens' Campus and the provision of additional student accommodation at Northshore had been positively received and the University had recently advised that it has internal approval to proceed with a 500 bed residential development and academic facilities on the current option land.

With regards to wider commercial interest, Muse were in advanced discussions with an occupier to create a 55,000 sq ft building on Northshore. Muse would continue to engage with potential occupiers to bring forward potential commercial schemes, which are vital to the viability of the Northshore development.

As part of the Tees Valley Enterprise Zone, Northshore had been successfully identified as an additional Enterprise Zone site for business rates relief to be funded locally.

RESOLVED that the success and positive progress made in developing out Northshore as well as the additional opportunities being advanced.
Reasons for the Decision
To inform members of progress made on the Northshore development site.
Alternative Options Considered and Rejected
None
Declared (Cabinet Member) Conflicts of Interest
Cllr Cook declared a personal interest in the item entitled Northshore Development Progress Update as he served on the European Regional Development Fund Local Management Board.
Details of any Dispensations
None
Date and Time by which Call In must be executed
Midnight on Friday 14 September 2012
Attachment

Date of Publication: 10 September 2012


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