CRITERIA FOR SUCCESS
CRITERIA FOR SUCCESS
CRITERIA FOR SUCCESS
PUBLIC PRIVATE PARTNERSHIP
PARTNERSHIPS ARE ESSENTIAL FOR A SUSTAINABLE DEVELOPMENT, THEREFORE WE WANT TO ESTABLISH A PUBLIC- PRIVATE PARTNERSHIP TO SECURE THE PLANS AND SET UP GUIDELINES FOR THE FUTURE - TOGETHER.
WHAT IS
A
PUBLIC
PRIVATE
PARTNERSHIP?
Public-Private Partnerships (PPP) are cooperations between the public sector, in our case the local authorities and the private sector which is the developer and potential businesses.
KEY ASPECTS
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PLANNING HORIZON
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OUR ESTABLISHED PARTNERSHIP IS
SUPPOSED TO LAST THE ENTIRE REGENERATION PROCESS LENGTH WITH DIFFERENT TASKS FROM VISON DEVELOPMENT TO DELIVERY AND FINANCE TO MONITORING IN THE YEARS AFTER COMPLETION. THEREFORE WE CONSIDER A PLANNING HORIZON FROM 10 YEARS ON TO GUARANTEE A FUTURE PROOF REGENERATION.
GUIDELINES
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WE WANT TO SET UP A SO CALLED "PARTNERSHIP FRAMEWORK" THAT FOCUSES ON THE FOLLOWING ASPECTS:
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1. COMMON AGENDA BUILDING WITH THE LPA
2. VISIONING PROCESS
3. GOOD LOCAL GOVERNANCE
4. GOOD CONSENSUS BUILDING
5. FINANCIAL PLAN AND FLEXIBILITY
6. ROLE OF HUMAN RESOURCES
7. SETTING UP AN ORGANIZATIONAL CULTURE
​8. CREATING WORKABLE AND VISIONABLE OBJECTIVES THAT CAN BE MONITORED
9. ESTABLISH A STRONG SHARE OF POWER BETWEEN ALL PARTIES
10. DRAW POTENTIAL BUSINESSES (BIOTECH) INTO PARTNERSHIP
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WHO WILL BE OUR PARTNERS?
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WE WILL WORK CLOSELY WITH THE GREATER LONDON AUTHORITY AND THE LONDON BOROUGH OF NEWHAM, NOT ONLY BECAUSE OUR SITE IS IN PUBLIC HANDS BUT ALSO BECAUSE WE BELIEVE THAT WORKING CLOSELY WITH THE LOCAL GOVERNMENT WILL LET US INCLUDE THE LOCAL NEEDS IN THE DEVELOPMENT PLAN.
WE ALSO WANT TO COOPERATE WITH BUSINESSES THAT ARE SETTLED IN THE BIOTECH SECTOR TO DEVELOP LABS AND WORKSPACE - INTERESTED?
FILL IN THE CONTACT FORM TO GET IN TOUCH.
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COMPARISON TO A PRIVATE PARTNERSHIP - SILVERTOWN PARTNERSHIP
COMPARED TO OTHER PROPOSALS TO DEVELOP MILLENNIUM MILLS WE BELIEVE THAT PARTNERSHIP ESTABLISHES VIABILITY AND TRUST.
SILVERTOWN PARTNERSHIP A PRIVATE PARTNERSHIP CURRENTLY FAILED - DUE TO A LACK OF FINANCE. WE WANT TO LEARN FROM THE RISKS THIS APPROACH FACED AND DEVELOP A FUTURE PROOF PLAN THAT IS VIABLE AND FINANCIAL APPROVED. WORKING CLOSELY WITH THE GOVERNMENT ALLOWS US TO FINANCE THE DEVELOPMENT WITH PUBLIC AND PRIVATE MONEY.
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IF YOU WANT TO KNOW MORE ABOUT FUNDING,
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POTENTIAL RISKS
THOUGH WE BELIEVE THAT OUR APPROACH FOR REGENERATION OF MILLENNIUM MILLS IS CONSIDERED TO BE MORE VIABLE THAN THOSE BEFORE US, WE ARE AWARE WE'RE STILL FACTING POTENTIAL RISKS SUCH AS:
DISAGREEMENT BETWEEN PARTIES
FUNDING
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NOT ENOUGH INVESTMENT INTO AREA AS EXPECTED
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CLOSURE OF LONDON CITY AIRPORT
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EXTERNAL ECONOMICAL FACTORS