1NG NewcastleGatesheads city development company

1
1NG - NewcastleGatesheads city development
company
Jim McIntyre, Chief Executive
06 November 2009
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Introduction

• 1NG - its role plans
• Economic Masterplan
• Challenges
• Indicative early projects
• Timescales next steps

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About 1NG

• A private sector led economic development and
  regeneration company specialising in delivery of
  major projects

• Partnership between One North East, Newcastle
  City Council and Gateshead Council
• Chair, CEO and Board appointed
• Incorporated March 2009
• Key staff being recruited
• Indicative early projects

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Role of 1NG

• Leadership of a shared strategic vision through
  the Economic Masterplan
• Support improved competitiveness of the
  NewcastleGateshead economy
• Delivery of priority spatial projects in urban
  core that improve competitiveness
• Engagement with private sector in securing
  investment in key spatial projects

5
Guiding Principles

• Two cities, one place
• Newcastle and Gateshead combined
• A critical mass
• One destination, one market
• Cities as drivers for economic growth
• Less is more
• Planning for success

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Changing Environment

• 1NG conceived in the boom, born in the recession
• Long term vision unchanged
• Improved economic competiveness through project
  delivery
• Short term shift
• De-risking key sites
• Providing infrastructure
• Pump priming and preparing key projects
• Building market engagement

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Economic Challenges

• Urban areas underperforming
• Post-industrial legacy to overcome
• Economy reliant on public sector jobs several
  large employers
• Below average entrepreneurship/start ups
• Skill base needs improvement
• Lack of strong specialisms or business clusters

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Spatial Challenges

• Core and non core
• Connectivity, Urban motorways and major roads
• Poor quality public realm
• Creating a sustainable city
• The river

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Economic Masterplan
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OverviewAims

• Define vision priorities to increase economic
  competiveness in NewcastleGateshead
• Recommend key developments as a focus for public
  private investment
• Set spatial and non spatial priorities for
  delivery by all partners
• Provide a framework to support future growth
  development
• Provided the physical focus for 1NG business plans

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Progress to Date

• Consultants appointed - led by Shared
  Intelligence Urban Initiatives
• Consultation underway - Vision1ng event in April
• Target completion summer 2009
• 1NG business plan in place Autumn 2009

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Indicative Early Projects
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Conference Exhibition Centre

• A catalyst for transformational change
• Consultants appointed by 1NG for feasibility
  study
• The Right Solution, KPMG DTZ
• Results due summer 2009

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Science Central

• Largest city centre development opportunity for
  the last ten years
• 1NG role to lead delivery of projects
• Likely to be a phased approach

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Gateshead Quays

• Significant waterside development site -
  potential driver for the growth of Gateshead
• Lead role in masterplanning and delivery of Quays
  development

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East Quayside / Ouseburn

• Exciting waterfront development - cultural
  quarter potential
• Exploration of development options
• Lead role in delivering the project

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Gateshead Town Centre

• Major regeneration strategy with investor in situ
  -Spenhill
• 1NG supporting role with Gateshead Council

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East Pilgrim Street

• Developing a regeneration strategy for East
  Pilgrim Street with NCC and private sector
• Delivering key projects within that strategy

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Next Steps Timescales

• Economic Masterplan reports end summer 2009
• 1NG business plan late autumn 2009
• Priority projects identified
• Work in hand refined
• Commence work on emerging priorities late 2009 /
  early 2010

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Summary

• Time of opportunity for NewcastleGateshead
• Long-term single vision and leadership
• Engagement with private sector
• Focus on delivery
• NewcastleGateshead well placed to maximise
  opportunities when market recovers

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Thank you