Implementing the Chesham Masterplan will require substantial investment from both private and public sources.
A recent article in the Mail Online highlights examples of councils working alongside City investment firms on ambitious plans to turn around the fortunes of high streets.
The Bracknell Regeneration Partnership, a 50:50 joint venture partnership between Legal & General Capital and Schroder UK Real Estate Fund, together with Bracknell Forest Council, is redeveloping the first former post-war New Town. Over £240 million is being spent to transform Bracknell Town Centre into a shopping and leisure destination. This is part of a wider £768 million regeneration of the borough.
The UK has experienced decades of underinvestment in the built environment. Alongside that there has been a disjointed, silo mentality towards redevelopment which only considers projects sector-by-sector – commercial, residential, industrial – rather than as a whole.
This is about joined-up thinking. If we find the right places, we can invest significant volumes of capital and we can think about how retail, offices, industrial, residential, hospitals, prisons, schools, transport and renewable energy all come together rather than thinking about one or two sectors at a time.”Bill Hughes, head of real assets at L&G