Town Centres Study

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Town Centres Study Nuneaton & Bedworth Borough Council TOWN CENTRES STUDY Final Report June 2011 ROGER TYM & PARTNERS (now part of Peter Brett Associates) 61 Oxford Street Manchester M1 6EQ ttt 0161 245 8900 fff 0161 245 8901 eee [email protected] w www.tymconsult.com This document is formatted for doubledouble----sidedsided printingprinting. CONTENTS 111 INTRODUCTION ................................................................................................................................................................................... ................................................................................... ...... 111 Study Scope & Purpose .................................................................................................... 1 Approach ........................................................................................................................... 1 Report Structure ................................................................................................................ 2 222 ASSESSMENTS OF QUANTQUANTITATIVEITATIVE CAPACITY ............................................................................................................ 555 Introduction ........................................................................................................................ 5 Nuneaton ........................................................................................................................... 5 Data input changes ........................................................................................................... 6 ONS-based comparison goods need forecast .................................................................. 8 Need to 2021 ..................................................................................................................... 8 Need to 2026 ..................................................................................................................... 9 RSS-based comparison goods need forecast .................................................................. 9 Need to 2021 ..................................................................................................................... 9 Need to 2026 ................................................................................................................... 10 Conversion to gross floorspace requirements ................................................................ 10 Bedworth ......................................................................................................................... 11 Implications of New Developments ................................................................................. 17 333 ASSESSMENT OF QUALITQUALITATIVEATIVE NEED ................................................................................................................................ 191919 Introduction ...................................................................................................................... 19 Nuneaton ......................................................................................................................... 19 Presence of national retailers .......................................................................................... 19 The quality of the retail offer ............................................................................................ 22 The quality of the leisure offer ......................................................................................... 23 Bedworth ......................................................................................................................... 24 444 PEFORMANCE ANALYSIS OF NUNEATON AND BEDWBEDWORTHORTH TOWN CENTRES ......... 272727 Introduction ...................................................................................................................... 27 Nuneaton ......................................................................................................................... 27 Prime retail rents ............................................................................................................. 27 Retail yields ..................................................................................................................... 28 Retail representation ....................................................................................................... 28 Retail requirements ......................................................................................................... 29 Vacancy rates .................................................................................................................. 29 Diversity of uses .............................................................................................................. 30 What works well and why ................................................................................................ 31 What does not work well and why ................................................................................... 32 Assets & Opportunities .................................................................................................... 33 Bedworth ......................................................................................................................... 35 Presence of national retailers .......................................................................................... 35 Retail rankings ................................................................................................................. 36 Vacancy rates .................................................................................................................. 37 Diversity of uses .............................................................................................................. 38 Other uses in the centre .................................................................................................. 39 What Does and Does Not work well in Bedworth & Why ................................................ 40 555 SITES WITH DEVELOPMEDEVELOPMENTNT POTENTIAL .......................................................................................................................... 434343 Introduction ...................................................................................................................... 43 Nuneaton ......................................................................................................................... 43 Site Prioritisation ............................................................................................................. 62 Bedworth ......................................................................................................................... 63 666 VISIONS & OBJECTIVES ................................................................................................................................................................................... ........................... 717171 Introduction ...................................................................................................................... 71 Devising the Visions & Identifying Objectives ................................................................. 71 The Vision and Objectives for Nuneaton ........................................................................ 73 The Vision and Objectives for Bedworth ......................................................................... 74 777 SPATIAL FRAMEWORK & PROJECT OPTIONS .......................................................................................................... 757575 Introduction ...................................................................................................................... 75 Nuneaton ......................................................................................................................... 75 Bedworth ......................................................................................................................... 81 888 DELIVERY ................................................................................................................................................................................... .......................................................................................... ............. 858585 Introduction ...................................................................................................................... 85 Development Capacity .................................................................................................... 85 Delivery ............................................................................................................................ 89 Risk Assessment ............................................................................................................. 94 999 CONCLUSIONS & RECOMMRECOMMENDATIONSENDATIONS ............................................................................................................................ 999999 Conclusions ..................................................................................................................... 99 Recommendations ........................................................................................................ 101 Nuneaton Town Centre Boundaries and Frontages ..................................................... 102 Bedworth Town Centre Boundaries .............................................................................. 104 Nuneaton & Bedworth Town Centres Study Final Report
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