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Positive outlook for Central Salford Regeneration

27 September 2010

Central Salford has surpassed all of its original investment targets and the key projects and investment levels promised by 2020 remain on track.

That was the message from Central Salford Urban Regeneration Company’s Chief Executive Chris Farrow at its 'Investing in Regeneration' conference on 23 September, sponsored by Urban Vision, Capita Symonds joint venture with Salford City Council.

Over 200 high profile property and regeneration delegates from across the region joined the Central Salford team and sponsors, Urban Vision and Roland Dransfield PR to consider the next steps in realising Salford’s ambition to become a beautiful, vibrant, prosperous City.

Richard Wynne, Director, Urban Vision (left) opened the event before handing over to Chris Farrow, together with the URC’s Development Director Karen Hirst, spoke about the importance of public/private sector partnerships to deliver and fulfill Salford’s ambitions. Other topics included the importance of the Joint European Support for Sustainable Investment in City Areas (JESSICA) and the North West Evergreen Fund (Evergreen) in helping new projects to find investment.

Guests including Barbara Spicer, Chief Executive of Salford City Council, Nick Payne MD of Nikal and Rowena Burns, Chief Operating Officer of Bruntwood took part in a panel debate chaired by North West Business Insider’s Neil Tague.

Questions from the audience focused strongly on the likely impact to projects of potential funding cuts. Karen Hirst emphasised that all of Central Salford’s key projects including Chapel Street, Irwell River Park and Greengate already have the required funding in place.

As she explained: “Existing projects are secure because we made sure the investments were in place some time ago. The real challenge is going to be on maintaining momentum and continuing to find new ways to finance future works. That is where the public/private partnerships we have seen to date will really come into force and it is vital that we continue to foster relationships in this area.

Chris Farrow added: “As highlighted this evening, with the strong support of our public and private sector partners, our local community and businesses, we have achieved great things interesting times.”

About Central Salford Urban Regeneration Company

Central Salford Urban Regeneration Company was established by Salford City Council, the Northwest Regional Development Agency and the national regeneration agency, English Partnerships (now the Homes and Communities Agency) in 2005 and is responsible for bringing about the transformation of Central Salford.

An Urban Regeneration Company (URC) is a not-for-profit company set-up to attract investment and create prosperity in less wealthy areas. Different URCs across the country may achieve this in different ways. In Central Salford, the main job for the URC is to transform the local economy and opportunities for local people, make the area more attractive, radically improve its image and enhance Salford’s many public spaces and waterways.

For more information regarding the Vision and Regeneration Framework for Central Salford visit: http://www.centralsalford.com/