Business plan approval bolsters regeneration momentum

Posted: 16/02/2015 at 1:04pm

The 2015/16 partnership business plan of The Bournemouth Development Company (BDC) has been formally approved.

Cabinet members at Bournemouth Borough Council have given their backing to projects
under way and in the pipeline over the coming year following successful delivery of three initial schemes.

BDC is a 50:50 partnership between the Council and Morgan Sindall Investments working as the delivery mechanism of the long-term Town Centre Vision regeneration initiative.

Councillors heard that the three projects achieved in the past year are the Madeira Road
multi-storey car park opened in March 2014; three blocks of student accommodation for Arts University Bournemouth opened in October 2014; and The Citrus Building residential development, pictured above, overlooking Horseshoe Common. The first occupiers there moved in during early February 2015.

Live BDC projects include a residential development of between 50 and 80 flats at Durley Road. The site development plan gained Council approval in October 2014 ahead of a
public consultation and planning application expected by summer 2015.

A development plan was also adopted in October 2014 for Berry Court involving around 100 flats for the private rental market together with a multi-storey car park. This project will also undergo public consultation by summer 2015.

BDC is also to consult on plans for a further residential development at St Stephen’s Road. This project involves 56 homes made up of a mix of flats and townhouses. The site development plan for St Stephen’s Road gained approval in January 2015.

Cabinet heard that BDC’s overriding aim is to bring forward a broad spectrum of benefits to the town under the Town Centre Vision, including being a catalyst for additional investment and wider regeneration.