making sense of place economics

South East England Asset Backed Vehicles

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South East England Development Agency (SEEDA) has built a substantial land and property portfolio across the South East region as one of its key mechanisms for driving regeneration and economic development.  Facing increasingly constrained public sector capital budgets to drive physical regeneration, during 2009 SEEDA and the Homes and Communities Agency (HCA) considered the idea of formalising a joint venture partnership between the two organisations to maximise the economic potential of the portfolio, and to accelerate economic development activity at local level.

In principle, a formalised partnership offered the opportunity to align the two agencies' priorities and available resources within a joint investment strategy to drive regeneration linking housing to employment creation.  GENECON led the process of preparing the business case documents testing the options for bringing SEEDA and the HCA together in a formalised partnership vehicle, working alongside the SEEDA and HCA teams in discussions held with BIS.

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