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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