Every year BDC updates its five-year Partnership Business Plan (PBP), which sets out a programme of development activity. The PBP is approved by the BDC board, before it’s adopted by the council. BDC then submits a more detailed Stage one site development plan for each project, which recommends how the site should be developed. Once approved by the council, the team works through the phases from concept design, right through to the end of a project.
BDC is a highly-motivated delivery company and so it is highly motivated to get to site and start construction. Once construction has completed, the development is sold.
Both the council and Muse invest equally in the place and share in the profits arising on an equal 50/50 basis.