Projects

  • Homes for Lambeth

    We developed a governance structure, financial options, and a business plan for Homes for Lambeth

    Project overview

    The London Borough of Lambeth sought to establish a council-owned housing company to reach ambitious targets for building new social rented housing. PRD initially advised on organisational structuring, delivery strategy and programme management options; undertook extensive engagement and education with councillors, officers, and other stakeholders; liaised with tax, accounting, and legal advisors to test the robustness of the proposed structure against Homes for Lambeth’s (HfL) development goals; helped establish a company Board; and supported the Board to consider messaging and opportunities to meet wider council objectives.

    Since Cabinet approved PRD’s recommendation to establish HfL as a wholly-owned company with a group structure and the detailed governance proposals, we have continued to support HfL at the Board, executive and wider stakeholder levels. With partners , PRD has carried out business and resource planning, co-ordinated legal advice on loans and financing, prepared documents for the Regulator of Social Housing, and developed agreements between the council and HfL.

    Project details

    • Client
      LB Lambeth
    • Project Lead
      Daniel Partridge
    • Type
      Delivery Strategy, Partnership Structure
  • LB Newham Covid-19 Support

    We are providing ongoing support for LB Newham to recover from Covid-19 by focusing on community wealth building

    Project overview

    PRD has an ongoing relationship with LB Newham across several workstreams. For example, we developed a comprehensive evidence base for the council’s inclusive economy strategy, which is formed around community wealth building principles. Community wealth building is an economic development approach that redirects wealth and the gains of economic growth back to local neighbourhoods and people.

    In response to Covid-19, throughout which Newham’s residents were among the hardest-hit in the country, the council commissioned PRD to expand the strategy to a wider recovery and reorientation plan, which has formed the basis of the borough’s new Corporate Plan.

    We have also undertaken research on the impacts of Covid-19 throughout Newham, supported development of a new affordable workspace programme, delivered data training for officers, established a measurement framework for the Corporate Plan and other strategies, and provided socioeconomic data to support masterplanning in areas including Stratford, Canning Town, and Custom House.

    Project details

    • Client
      LB Newham
    • Project Lead
      Barney Cringle
    • Type
      Asset Strategy, Monitoring & Evaluation, Socioeconomic Evidence
  • Old Oak & Park Royal Regeneration & Funding Advice

    We advised Old Oak & Park Royal Development Corporation on funding and delivery strategies for directing investment into the regeneration of London’s largest industrial area

    Project overview

    The OPDC development area spans the boroughs of Hammersmith & Fulham, Brent and Ealing and is responsible for regenerating 950 hectares around Old Oak Common and the industrial Park Royal site. The project will bring 24,000 homes, 55,000 jobs, and a new HS2 station. Within Park Royal is a substantial element of the site. Covering around 500 hectares, it is London’s largest areas of designated Strategic Industrial Land (SIL). Its economy comprises over 35,000 jobs spread across around 2,000 businesses and contributes circa £2 billion economic output (GVA) per annum.

    PRD has been involved in several studies and strategies for this area:

    • We produced the What Works: Park Royal study to develop clear plans for industrial regeneration in Park Royal. The study advises how the economy can grow and evolve in response to Covid-19 and nearby non-industrial regeneration, with an explicit focus on providing new affordable workspace.
    • We built a bespoke Industrial Funding Strategy to support the OPDC’s ambitions for industrial growth in Park Royal and Old Oak North, along with partners Newbridge Advisors and Gerald Eve. The IFS identifies spaces requiring investment and intensification, investment gaps, funding sources to meet needs/fill the gaps, and how OPDC and its partners can access the funding sources. Our team consulted with cross-sector stakeholders (including the core investor, developer and occupier market) to inform the strategy, which will directly drive how OPDC delivers regeneration.
    • We developed a Socioeconomic Funding Strategy with Regeneris Consulting to identify sources such as the Apprenticeships Levy, domestic and European funding, business rate retention, and private investment that can be used for local social and economic initiatives.
    • PRD team members have also worked on the OPDC’s Future Sectors Study, Food Sector Study, Regeneration Funding Study, and the Park Royal Intensification Study.

    Project details

    • Client
      Old Oak & Park Royal Development Corporation
    • Project Lead
      Dan Partridge
    • Type
      Delivery Strategy, Funding & Investment Plan
  • Oxford Station Masterplan

    We are ensuring that the new Oxford Station masterplan focuses on placemaking impact, creating public value and wider benefit capture

    Project overview

    Working alongside and Atkins, Oxford City Council, Oxford County Council, Network Rail, and the Oxfordshire LEP, PRD is providing strategic property development, value capture, viability and delivery advice to inform and guide the updated masterplan for this globally important city gateway.

    Drawing on our experience of harnessing infrastructure investment to drive wider benefits, our economic work in Oxford and our strong background in formulating delivery options and viability assessments, we are establishing a business case for adjacent station redevelopment and bringing delivery certainty to the project.

    Project details

    • Client
      Oxford City Council, Oxford County Council, Network Rail and the Oxfordshire LEP
    • Project Lead
      Martin Woodhouse
    • Type
      Delivery Strategy, Viability & Options Appraisal
  • Royal Docks Regeneration Framework

    We are helping the Royal Docks team track the evolution of the Royal Docks during the next two decades of its large-scale regeneration

    Project overview

    London’s Royal Docks is one of the city’s most substantial regeneration sites, with 15,000 homes and 40,000 jobs arriving in the next two decades. PRD team members have been involved with the Royal Docks for several years, helping establish an economic vision for the area and indicators of successful regeneration.

    We are currently working with the Royal Docks Team—a partnership between the Greater London Authority and LB Newham—to create the Royal Docks Success Framework, which sets out a Theory of Change for regeneration. The Framework details practical monitoring and evaluation criteria for tracking the evolution of the area and understanding progress towards the success indicators/outcomes.

    Establishing the foundations for a partnership approach to data collection has been an important element of the work. This has involved in-depth engagement with stakeholders across the area (including developers, anchors businesses and institutions, workspaces, public sector partners, and the community) to map the types of data and information that they hold which could contribute to the partnership, their appetite to share information, and their willingness to collaborate on new forms of social and economic research to respond to evidence gaps.

    We also carried out a review of the Royal Docks Team’s delivery progress during its first two years, which has helped refine feasible delivery timescales and influenced decisions about how the Team will operate throughout the rest of the development process.

    Project details

    • Client
      Royal Docks Team (LB Newham & GLA joint venture)
    • Project Lead
      Barney Cringle
    • Type
      Monitoring & Evaluation