Date: October 2018 Version 1.0 Approved by KB 1
ECONOMY AND REGENERATION PORTFOLIO OVERVIEW Portfolio Summary I am pleased to present the 2018/19 Quarter 2 Performance and Resources Report for the Economy and Regeneration Portfolio.
Firstly, though the actual opening happened just after the end of Quarter 2, I am particularly pleased to report that after many years of hard work, the A6 to Manchester Airport Relief Road opened on October 15th, providing a vital road link across Stockport, Manchester and East Cheshire. As the Leader of the Council recently stated, the benefits this will bring to residents, businesses and our local road networks are significant. Not only will congestion on many local roads be reduced, but pedestrians, cyclists and public transport users will benefit from more convenient journeys.
Over 500 people attended the annual Jobs Fair. Within two weeks of the event, we were aware of at least 13 individuals who had secured new employment from the contacts they made at the Fair. We will be working with Jobcentre Plus to track longer-term outcomes.
Following the Council-led Work and Skills Commission for Stockport earlier this year, the new Stockport Work and Skills Board will have its first meeting on 31st October. A senior business leader from Stockport will chair the new Board and it will oversee the delivery of the work and skills priorities for Stockport that the Work and Skills Commission identified.
The Stockport Cultural Network continues to strengthen, attracting new participants. The initial focus of the network was to co-ordinate activity relating to the centenary of the end of World War 1. The network is now moving to develop a strategic cultural framework for Stockport that will provide a vision and context for future planned activity and assist a range of organisations to lever arts investment into Stockport.
The Council’s Growth Team hosted the Business Growth Hub networking event at Vernon Park in July and the Finance and Professional Network event in September, which featured a keynote presentation from the Bank of England.
The Start Smart programme continues to deliver drop-ins at local libraries and workshops for anyone interested in starting their own business. Over 125 people have engaged so far and 40 businesses have been created.
After a tender process, Market Place Management won the contract to operate Stockport Market. Following a handover period, the new service model will take full effect from 1st January 2019.
And last, but not least, the Council has identified the long-term development of the Town Centre West area as one of its main regeneration priorities, with capacity to support delivery of 3,000 new homes and additional social infrastructure, open space and amenity. To achieve this the Council is exploring the creation of a Mayoral Development Corporation with the GM Mayor, Andy Burnham. Greater Manchester Combined Authority agreed this, in principle, in September, and it expects to make a final decision in December. I will continue to provide updates on this through these quarterly reports.
Cllr Kate Butler, Portfolio Holder for Economy and Regeneration
2
Revenue Budget (Forecast) Capital Programme
£000 Cash Limit 2,668 Forecast 2,668 £000 (Surplus)/Deficit 0 2018/19 Capital Budget 69,953 2019/20 Capital Budget 56,032 Approved use of reserves 1,051 2020/21 Capital Budget 29,297 Utilisation of approved use of reserves 616 Balance remaining of approved use of 435 reserves
National and Regional Policy Drivers
Brexit The latest available (September) edition of GMCA’s regular “Brexit Monitor”1 reported that September saw Brexit preparations accelerate as negotiation deadlines approach, with recent months marked in particular by increasing discussion across the nation of the risk and impact of leaving the EU without a deal in place. Despite this, there are some reasons for optimism with the UK Government maintaining that they are confident that a deal will be reached, and overall positive (if variable) trends in recent months in construction, services and retail. Local business surveys highlight that recruitment intentions remain positive, though there has been rising uncertainty about future investment plans. Consumer spending growth ticked up, boosted by the warmer weather. For most households however, the outlook is still mixed, with falls in unemployment and rising wages unable to counter the effect of rising living costs, leaving most still feeling the squeeze.
At its meeting on 28th September, GMCA approved a report (with contributions for all 10 GM local authorities) that set out implications of two scenarios and potential actions for grasping the opportunities and meeting the challenges these raise:
A deal based on the Government’s White Paper. The UK leaving the EU without any deal agreed and no transitional period.
The report set out an updated set of principles that GMCA believes should be followed in the negotiation of a new relationship between the UK and EU. GMCA also agreed on actions required, both of Government and GMCA, aimed at ensuring that GM is as ready as possible for the transition out of the EU, whatever deal is agreed with the EU (including a ‘no deal’ scenario).
Greater Manchester Strategy (GMS) GMCA will consider a report on GMS performance between 1st April and 30th September 2018 during Quarter 3. This will be summarised in future reports.
1 The September 2018 Brexit Monitor is available via the link below. The October edition will be available towards the end of the month. https://www.greatermanchester-ca.gov.uk/downloads/file/875/gm_brexit_monitor_september_2018
3
Greater Manchester Spatial Framework (GMSF) Following the publication in September 2018 of household projections and the subsequent Local Housing Need figures, government has announced that it will be reviewing and consulting on a methodology for deriving housing numbers. This has therefore further delayed the GMSF process, as GM authorities assess the potential impact of a revised methodology. There is not yet a definite timeframe for the next stage of GMSF consultation, although this should be clarified in Quarter 3.
Bus Reform GMCA considered a report on July 27th 2018 that set out a process for developing an assessment of a proposed bus-franchising scheme for GM. It also proposed next steps regarding carrying out that assessment and undertaking associated consultation.
Rail Performance On 20 May, 2018, new timetables were introduced across the country to provide enhanced capacity and more frequent rail services. These timetables were produced very late however due to uncertainty around the infrastructure improvements necessary to accommodate them. In addition, a combination of other factors contributed to substantial declines in performance and significant increases in the number of delays and cancellations over the summer. Whilst measures have been introduced that have led to some performance improvements, performance continues to be of concern locally and Stockport Council officers and members have met with Northern to discuss these concerns. For example, contractual issues with staff meaning that improving Sunday timetables continues to be problematic. This, and the wider issue about the extent to which regional and national services are prioritised over local services, is of great concern to the Council as rail is such a vital asset for commuters and residents in Stockport in accessing jobs and local services.
GM Industrial Strategy In the 2017 Autumn Budget it was announced that the GMCA and Government would work together to develop a GM Local Industrial Strategy (‘the GM LIS’) by March 2019. This will reflect the key themes of the National Industrial Strategy, incorporating a place-based approach. Working in collaboration with the Cities & Local Growth Unit, the initial tranche of work focused on agreeing the approach to developing the LIS and initiating work to develop the evidence base. The Strategy is intended to be long-term (to 2030) and be reviewed regularly, providing the opportunity to set out what will be required to grow the economy and how that growth will be achieved.
In June, the Government opened the formal competitive bidding round for the “Strength in Places” fund, which seeks to support innovation-led relative regional growth by identifying and supporting areas of research and development strengths in order to make these clusters nationally and internationally competitive. Though neither the Local Enterprise Partnership nor GMCA are eligible to bid, they have endorsed a bid by the University of Manchester based on health innovation and advanced materials.
Ministerial Local Enterprise Partnership (LEP) Government recently published a document “Strengthened Local Enterprise Partnership” that sets out the conclusions of its review of LEPs. The review aimed to ensure that LEPs continue to support Government in delivering the Industrial Strategy, harnessing each area’s distinctive strengths to meet the Government’s Grand Challenges in the context of the future UK Shared Prosperity Fund. The GM LEP Board considered the review and key implications for GM on 17th September. Whilst GM is already compliant with most of the review’s recommendations, there will be some work to do to address recommendations relating to the delivery of the GM LIS, as well as some more specific recommendations relating to roles & responsibilities, capacity, membership and governance. LEPs are required to develop implementation plans to deliver on these recommendations by the end of October 2018.
4
GM Full Fibre Programme GM has been successful in securing £23.8m capital funding from the Local Full Fibre Network Challenge Fund. The plan is to connect up to 1,500 public sector buildings across GM that should act as a catalyst for other businesses to improve their broadband network. GM’s ambition is to improve coverage from 2% to 25% by 2020, which would see GM moving towards coverage enjoyed by other European cities.
Meetings have taken place in each GM local authority to agree a provisional list of sites for connection. Stockport is on board this on the basis that at this stage, commitment is still “in principle”, with the financial ask coming later in the year. There is also some flexibility on the actual sites as the scheme develops. Stockport Council will need to consider carefully how it minimises the impact on the highway network, using the ‘One Dig’ approach wherever possible.
Town Centre Challenge The GM Town Centre Challenge aims to enhance regeneration across GM’s town centres and progress strategic development projects across GM by using the GM Mayor’s statutory powers, convening powers, and resources with agreement of, and in conjunction with, each of the local authorities in Greater Manchester. Councils have identified nine town centres in the initial phase, including Stockport Town Centre. Initial events have taken place in each centre.
As Stockport has one of the most advanced plans, it is leading the thinking on the options for specialist delivery vehicles to deliver the outcomes required to regenerate a significant area of its town centre. The Town Centre West area in Stockport covers 130 acres of brownfield land and has potential as a new urban village of up to 3,000 new homes with complementary mixed use development and the social infrastructure required to support a significant increase in the residential population.
Analysis suggests that the Mayoral Development Corporation model is the most appropriate way to achieve sustained success and focus. It has the additional benefit of providing an approach from which other GM areas could benefit, particularly in terms of procedure, organisation and the harnessing of partnering funds and energy.
At its meeting on 28th September therefore, GMCA therefore agreed in principle support to the designation of a Mayoral Development Corporation in Stockport subject to further work, with a further report to come back to GMCA in December 2018 for a final decision.
5
1. ECONOMY & REGENERATION PORTFOLIO DELIVERING OUR PRIORITIES 1.1 Priorities and Delivery Plans
Portfolio priorities are set out in the Council Plan, and progress against those relating to the Communities and Housing Portfolio is included below. These include key objectives and milestones for 2018/19, and are cross-referenced with GMS Priorities and delivery plans.
1.2 Measuring Performance and Reporting Progress
The performance indicators which support delivery of these priorities include statutory and locally defined measures and help monitor performance against the Portfolio’s key priorities.
The measures have been chosen to reflect the impact or outcome of activity that is relevant to achieving the Council’s objectives. They will also reflect inputs, outputs or processes which deliver results that contribute to the wider outcome. Where the measure supports a GMS target, this is highlighted, with the GM-wide target referenced.
The measures included under each priority are those considered most appropriate to include in this document and be reported on a quarterly, six-monthly or annual basis. As has been the case in previous years, should scrutiny members wish to examine a particular service or function’s performance in more detail then specific reports would be produced which include a wide range of measures and other means of assessing performance.
PI Status - Key
2018/19 actual / forecast is significantly below target
2018/19 actual / forecast is below target but within acceptable tolerance range
2018/19 actual / forecast is on or above target or within target range
Measures in bold are included within the Corporate Report.
1.3 Portfolio Risks
Risks to delivering each Portfolio Priority are set out below, including those relating to specific delivery projects and programmes. Operational risks to service delivery are identified, monitored and managed at a service level.
A full update on all risks will be included in the Mid-Year and Annual reports, with the First and Final Update reports containing updates by exception. New and emerging risks identified in-year will be added to the register with the approval of the Portfolio Holder and Corporate Director.
6
1.4 Greater Manchester Strategy (GMS) Priorities
The work of the Portfolio supports delivery of the following GMS priorities:
Good jobs, with opportunities to progress and develop. A thriving and productive economy in all parts of Greater Manchester. Young people equipped for life. A green city region and a high quality culture and leisure offer for all. World class connectivity that keeps Greater Manchester moving.
Progress against these priorities is reported on a six-monthly basis through the GMS “Performance Dashboard”, which is considered by Cabinet and Scrutiny Committees. The most recent version was included in the First Update Report. The next “Dashboard” is due in the autumn and it will inform the reporting in January 2019.
In the meantime, key updates at GM level are included in the “Policy Drivers” section on page 3 of this report, along with the Leaders Report, which will be considered by Cabinet on 13th November, and CRMG Scrutiny on 4th December.
1.5 Medium Term Financial Plan proposals
A range of proposals that will affect the Portfolio from 2019 were included in the paper on “Our Medium Term Strategy and Budget Choices for 2019/20” that was considered by Cabinet at the beginning of October. Draft Implementation Plans were approved for consultation and Scrutiny Committee will consider these (alongside this report) at the meeting on 1st November.
The implementation plans (and the proposals within them) that will have the most significant impact on this portfolio are:
Strategic commissioning: getting more out of our spending
Value for money procurement. Stockport local transport
Improving citizen experience (Digital by Design)
Balancing the cost of services. Modernising citizen journeys.
The enabling themes of “Collaborative Service Delivery” and “Making the Organisation Fit for the Future” will also affect the portfolio.
As these proposals develop, they will be integrated into Portfolio priorities, delivery plans and budgets from 2019/20. Updates will appear in future portfolio reports.
7
1.6 Updates on delivery of Portfolio Priorities
1.6.1 Inclusive growth
Delivery Updates
Managed workspace and incubator floor space for start-up/micro businesses Building work started in September 2018 to divide the remaining large unit at Stockport Business & Innovation Centre (SBIC) into four smaller units with co-working space. Completion is due mid-November and 50% of the space will be occupied by the end of November, with the remaining units expected to be fully occupied by the end of January.
Despite lower than expected occupancy at SBIC (due to delays in refurbishment works, as reported in Quarter 1) the centre is performing well against budget and is balanced against a higher-than-expected modest profit generated at Merchants House. Combined loss to date for the centres is £9,264 as opposed to a budgeted loss of £17,921 and a comparative loss this time last year of £28,119.
The provision of onsite business support for tenants and businesses associated with the SBIC’s activities continues to contribute to improved performance of the centre and its businesses. Six events have been held to date, and 56 businesses have received support between April and September, some of which are involved in the Pioneer 10 business competition, which will culminate in a Dragons Den style pitching event on 15th November. The impact of support (jobs created, increased turnover etc.) will be reported in Quarter 4. Further activity will be generated from proactive engagement with Stockport College.
Events As well as the Jobs Fair (reported in the 1.6.2 below), the Council hosted the Business Growth Hub networking event at Vernon Park on 19th July and the Finance and Professional Network event on 26th September which featured a keynote presentation from the Bank of England. In all, 55 representatives from the finance and professional sector attended this event.
Preparation is in place to deliver a joint Meet the Buyer event with STAR Procurement, Rochdale, Trafford and Tameside Councils in November. The event will take place in Rochdale Town Hall and has been actively promoted across all four boroughs. The event will provide an opportunity for local businesses to pitch to 9 procurement teams and improve their understanding of future tender opportunities.
Engagement with Employers Stockport Economic Alliance met in July, and separate meetings have been held with business leaders in relation to key projects and investment prospects, for example, supporting Edina with celebrating its second Queens Award for Enterprise. During the quarter, members of the Growth team engaged with approximately 100 businesses through events and meetings organised or supported by the team. The team also continued to support local businesses with their development and growth, supporting telephone and email enquiries across a range of issues and referring to internal and external partners as appropriate.
8
Digital engagement Two editions of the Stockport Business Bulletin were issued during the quarter, and were each read by approximately 660 recipients. Bulletins promoted investment news, business events and new business openings. Business web pages continue to be improved and maintained. Additional information added regarding Meet the Buyer and Stockport Economic Assessment was added.
New business start-ups The Start Smart programme continues to deliver drop-ins at local libraries and workshops for anyone interested in starting their own business. The programme is fully funded (by ERDF, Stockport Council and Stockport Homes) and delivered by People Plus via the Business Growth Hub. Over 125 people have engaged with the service and 40 businesses have been created to date, against a target of 41 by March 2019.
Social Value A review of Social Value commitments and outcomes from Council purchasing to understand impact has also been developed as a project brief. This will be undertaken during Quarter 3.
Progress has started on the construction element of the Employment & Skills Agreement for the Brighton Road LSH development, following a meeting with the lead contractor and some of the sub-contractors. Work to ensure employment and skills agreements are developed for all major commercial developments that generate new employment, whether public or private sector led is ongoing, including developing briefing support for Planning colleagues that will take place in Quarter 3.
Employment and skills outcomes for Stockport Exchange Phase 3 have also been highlighted to Muse (as the Council's development partner) and GMI who are the lead contractor. A further meeting to confirm commitment with GMI is planned for early Quarter 3.
A proposed Social Value question (including employment and skills commitments) has been provided to TfGM to facilitate drawing up the tender for the Transport Interchange development.
Economic Information A review of Stockport's former Economic Development Strategy has been undertaken and work to understand economic trends and future economic growth potential is underway. The study will help to identify how Stockport can benefit from, and support, growth in key sectors that are important to the local economy. This work will sit within the context of the Stockport Work and Skills Board.
Stockport Local Plan Work to progress the new local plan continues, with the intention to be out to consultation with a draft plan in Early Summer 2019. The revised Strategic Housing Land Availability Assessment (SHLAA) was published this quarter and the service is currently working to produce an up-to date position for 2018.
Employment and skills Inclusive growth work relating specifically to employment and skills appears in 1.5.2 below.
GMS Priorities
Good jobs, with opportunities to progress and develop. A thriving and productive economy in all parts of Greater Manchester.
9
Measuring Performance and Reporting Progress
Good 2017/18 2018/19 PI Code PI Name perform- Q2 Status Actual Forecast Target ance Actual Council Measures Number of breaches of planning 40% 44% 44% E&R1.1 control discovered as a % of Low 603 C 151C 670C 40% complaints received. 239 B 66B 294B Cumulative totals in Quarters 1 and 2 are 335 complaints and 147 breaches. Compared with Quarter 1, the number of complaints has reduced. The proportion of breaches however, and the forecast annual outturn, remain at 44% - above the 40% target. Number of breaches resolved 64 276 E&R1.2 by negotiation, and % of total High 90% (217) 80% (97%) (94%) breaches. Percentage of complaints resolved by negotiation remains well above the targeted 80%. Number of breaches where formal action was taken (including notices except for a E&R1.3 Planning Contravention Notice Low N/A 2 (3%) 12 (4%) 20% and prosecutions that have not resulted from a notice – i.e. trees, listed buildings etc.) Whilst number of breaches has increased, the number resolved through negotiation has also increased, with the result that percentage requiring formal action is still well within the target level. Partnership Measures % occupied managed workspace and incubator E&R1.4 High 83.0% 85.0% 90.0% 91.0% floor space actively managed for start-up/micro-businesses Occupancy at Merchants House has remained at 100% throughout the quarter. Occupancy at SBIC is currently 83% due to work underway to convert the large unit at the centre into a number of smaller units. When that work is complete, occupancy at SBIC is expected increase to over 95%.
% Occupied managed workspace and incubator floorspace actively managed for start-up/micro businesses 100.0% 90.0% 80.0% 70.0% 60.0% 50.0% 2010/11 2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 (Forecast)
10
Good 2017/18 2018/19 PI Code PI Name perform- Q2 Status Actual Forecast Target ance Actual
Square feet of office, retail and
E&R1.7 industrial space let or sold to High 1,034,994 222,046 600,000 800,000 new occupiers (year to date). In the year to date, 222,048 square feet of space were let or sold (96,590 in Quarter 2). The most significant investments during the quarter included Satixfy, an Israeli owned satellite communications business, which secured 22,000 square feet of office premises at Cheadle Royal Business Park. Debut Arts Academy moved in to 7,300 square feet on Chestergate, and Floreeda, bespoke acrylic specialists occupied 18,800 square feet at Crossley Park.
Stockport currently has a limited supply of suitable vacant space that may reduce the scope to achieve 800,000 square feet in 2018/19. By comparison, in 2017/18, Redrock, Stockport Exchange, Stockport Homes and Aurora were all influential in creating new, vacant spaces that were quickly occupied. There will not be an equivalent level of development in 2018/19, and although demand for business space remains high, limited availability of high quality light industrial and office premises is, in some cases, delaying decision-making and preventing inward investment. Current estimates suggest that 600,000 square feet would be a more realistic forecast. Monitoring of the market will continue and any changes will be reported in Quarter 3.
2019/20, however, will see an additional 61,500 square feet of Grade A office space become available for occupation at Stockport Exchange. Number of FTE jobs created in relation to floor space let or E&R1.8 High 2060 449 1200 1500 sold to new occupiers (year to date). The summer months are typically quiet for new investments reported or deals completed. In 2018/19 to date, 449 jobs (175 in Quarter 2) are estimated to have been created across the borough from business investment. Most significant during this quarter is the creation of 50 new jobs by Satixfy (Israeli owned Satellite communications company) at Cheadle Royal.
As stated above, lettings of additional floor space (and therefore numbers of associated jobs) tend to pick up in the second half of the year. Whilst it is still possible that the target of 1,500 jobs will be reached, 1,200 is perhaps more realistic.
11
Risk Description (and potential Update on Controls impact on outcome) The UK Shared Prosperity Fund (SPF) will replace the European Social Fund (ESF). Government has undertaken to ensure it is simpler to administer than ESF and the forthcoming Local Industrial Strategies will be a Loss or reduction in funding via EU key mechanism for identifying and prioritising funding (e.g. European Social Fund (ESF) needs. Government has yet to provide any detail relating due to impending Brexit. to the scale or organisation of the SPF but they have a commitment to provide this 2019’s Spending Review. Before then, a consultation on the SPF will take place later this year. Division of the remaining large unit at SBIC into 4 smaller units with co-working space (due to be completed in November 2018).
Managed workspaces and The provision of onsite business support for tenants business incubator facilities are and businesses associated with the centre's activities financially unsustainable. continues to contribute to improved performance of the centre and its businesses.
(See above for further details - “Delivery Update” in 1.6.1, and commentary on E&R1.4). Applications continue to be monitored and work is Insufficient brownfield land ongoing to understand constraints of sites. identified for development, unviable for development or not attractive to Viability of sites is a material planning consideration and the market. we continue to seek advice / consider a relaxation of planning requirements where this can be justified with robust viability evidence. We continue to monitor delivery and in the future will look Planned developments not to make some structural changes to increase the speed delivered on time. of discharge of conditions, through the adoption of a more proactive end-to-end approach. ‘Live’ performance management of Planning Officers is Delays occur in the planning used and this is being extended to consultees as the process. Council continues to look to improve the speed and efficiency of its planning processes.
12
1.6.2 Tackling youth unemployment
Delivery Updates
Working Well Working Well is the Greater Manchester branded employment support scheme that includes the devolved commissioned and managed Work & Health Programme. Local integration of services with the Work & Health Programme continues to evolve through ongoing meetings with local partners and the provider (InWork GM). A series of thematic sessions have now been planned to cover each of the monthly Local Integration Board meetings that are chaired and organised by the Economy, Work & Skills Team. The intention of the themed sessions is to share knowledge of that service area among Board attendees, and also to ensure that Working Well customer scenarios can be explored to consider the role that various services could offer to support customers. A first themed session covering Stockport Family was held in Quarter 2 and additional themes have been planned for the rest of the year. Stockport is recognised within GM as having one of the strongest referral to attachment rates in Greater Manchester.
Starts on the Work & Health Programme however are currently significantly down on forecast, both in Greater Manchester and nationally. In Stockport, starts on the programme are less than half that were forecast, hence this has affected numbers of job starts, and consequently, the earnings outcome associated with this indicator. Jobcentre Plus and the GM Work & Health Programme provider both understand that commissioners need to see increases in numbers of referrals and job starts. Falling claimant numbers overall are also impacting on referrals. However, given the length of time needed to support individuals into work, and for them to sustain that employment, it is still unlikely many earnings outcomes would have been achieved by this point, even without the lower starts on programme.
The commissioning of the Working Well Early Help Programme continued in Quarter 2, with Stockport involved in the evaluation of potential providers submissions. This programme will support individuals falling ill and at risk of leaving the labour market and becoming unemployed. The procurement of this programme will continue in various stages until early November 2018. Work has been ongoing in Quarter 2 to support GPs in the Tame Valley Neighbourhood cluster with managing data sharing ahead of the programme starting next year.
Apprenticeships The Economy, Work & Skills Team have provided GMCA with views on preferred format for using the GM AGE grant underspend to provide Apprenticeship wage incentives. The resource for Stockport will be managed locally.
Youth Contract Proposals for using the underspend of Stockport's allocation of the Youth Contract underspend have also been submitted to GMCA, to seek to develop pre-employment skills opportunities for young people related to new employers in the Borough (e.g. in the Town Centre). The Borough’s priority areas will be a particular focus for this.
Work and Skills Board Work continues to develop the Work & Skills Board established following the Work & Skills Commission, and a local employer has been identified to chair the Board. The Apprenticeship Store is being actively promoted as a recruitment source to employers and contractors involved in new developments.
13
Stockport Jobs Fair The Stockport Jobs Fair took place on September 25th. The target number of 40 employers was met, with all stands occupied on the day. As expected, fewer jobseekers attended than did in 2017 (due the boost from Redrock recruitment last year, as well as lower numbers of jobseeker claimants). Overall, employers and jobseekers both provided very positive feedback about the event in terms of the opportunities from the jobseeker perspective, and the quality of jobseekers from the employer perspective. Some helpful ideas for next year will be followed up. Follow up work with Jobcentre Plus to try to understand the numbers of vacancies of the recruiting employers that are filled by individuals that attended the Jobs Fair will be undertaken in Quarter 3 (though within two weeks of the event, 13 individuals were known to have secured employment through the Fair).
Guidance for frontline workers The Council has taken a lead in starting to do joint work with Jobcentre Plus and Stockport Homes to provide clear information to frontline workers e.g. in Stockport Family regarding the range of employability support. Further integration of employment and skills within First House to also be considered.
Landis and Gyr The Work Clubs staff, along with Jobcentre Plus and the National Careers Service have supported individuals at risk of redundancy at Landis & Gyr, through on-site information sessions and workshops. In addition, 15 new clients started with the Work Clubs in Quarter 2.
Adult Education Budget (AEB) devolution The Council continued to provide Local Authority input into the development of the strategy for the emerging AEB for Greater Manchester. The Economy, Work & Skills team will also support evaluation of procured AEB provision from Quarter 3 onwards.
Supporting other Council priorities The Economy, Work & Skills Team has also been contributing key support from an employment and skills perspective to Council priorities including the All Age Strategy, Local Delivery Pilot (getting more people active), Stockport Family and support for those with Special Educational Needs and Disabilities (SEND).
GMS Priorities
Good jobs, with opportunities to progress and develop. A thriving and productive economy in all parts of Greater Manchester. Young people equipped for life.
14
Measuring Performance and Reporting Progress
Good 2017/18 2018/19 PI Code PI Name perform- Q2 Status Actual Forecast Target ance Actual Council Measures Numbers of new clients supported E&R2.1 High 70 43 70 70 by Council-run Work Clubs. This indicator relates to a cumulative figure at each quarter in the year for the number of new clients supported by the Council-run Work Clubs. A further 15 new clients were supported during Quarter 2, bringing the total cumulative number of new clients to 43 during the year to date.
The Council continues to run the Work Club in Bredbury, as the organisation that had intended to take this on, was not yet able to do so. The Council is still in discussion with RE:DISH regarding supporting them to offer a Work Club in the longer-term. Work Clubs provided support for jobseekers at the Jobs Fair. Jobs Fair: (a) Number of employers (a) 40 (a) 40 (a) 40 (a) 40 E&R2.2 High attending. (b) 720 (b) 500 (b) 500 (b) 600 (b) Number of attendees. The Jobs Fair was held on September 25th. The target number of employers was met, with all stands occupied on the day. This year, 500 jobseekers attended. Though this was fewer than, this was expected given lower jobseeker claimant numbers and the high-profile recruitment to the Redrock development. More detail on the Jobs Fair is given in the delivery update above. Working Well (Work & Health Programme) – E&R2.3 % of forecasted work related High N/A N/A - 100% - outcomes in Stockport to date achieved The progress report for the period covering September is not yet available. By the end of August there had only been one earnings outcome approved in Greater Manchester (not in Stockport), however some others have been claimed and are awaiting approval.
Partnership Measures Number of customers supported E&R2.5 by Troubled Families Employment High 14 8 15 15 Advisers starting employment During Quarter 2, four people have been supported into employment by the Troubled Families Employment Advisers (JCP staff), the same number as in Quarter 1, giving a cumulative figure for the year of eight. There have been additional referrals to a range of support services, along with work experience opportunities and pre-employment training. These are positive outcomes, given that people engaged by the Advisors who are keen to move into employment often face significant employment barriers. The JCP Advisers are actively continuing to promote the support to frontline family workers and other partner services.
15
Good 2017/18 2018/19 PI Code PI Name perform- Q2 Status Actual Forecast Target ance Actual Contextual Measures % of unemployed 18-24 year Aim to E&R2.6 Low 3.3% 3.1% 3.1% olds in the Borough. minimise The unemployment rate for 18-24 year olds in the Borough has shown a small decrease from the previous quarter and now stands at 3.1% (600 people). (This is August 2018 data which is the latest available).The comparable rate for the North West is 3.9% (slight increase) and for GB it is 3.0% (no change).The gap between Stockport and national rates has therefore narrowed.
Percentage of unemployed 18-24 year olds 6
5.5
5
4.5
4
3.5
3
2.5
2 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 (Forecast)
Aim to E&R2.7 % unemployed overall (18-64). Low 3.9% 1.9% 1.9% minimise The unemployment claimant rate for the Borough is currently 1.9% (August 2018 is latest data available). This is the same rate for the previous quarter, and equates to 3,280 people. The rates for the NW (2.8%) and GB (2.2%) have also not changed.
Risk Description (and potential Update on Controls impact on outcome) The Local Integration Board that has been set up for Government and GM employment Working Well is doing a good job of targeting services programmes do not effectively and support to reach those most in need. Stockport is reach those in most need of support performing well in these programmes and there is data (e.g. people in priority to show that the Continuing Education Service is neighbourhoods). reaching more people in priority areas.
16
1.6.3 Cultural Improvement Plan
Delivery Update The first draft of the cultural improvement plan has been developed and will be discussed with the cultural network in mid-October. The plan proposes to focus on a series of themes:
Strawberry Studios legacy. Underbanks. Local makers/creators and millinery.
As part of the closing weekend of the Strawberry Studios exhibition, a networking event took place for individuals and organisations in Stockport who want to become directly involved in developing this new cultural offer. Work streams for each of the themes have been set up and initial contact made with the Arts Council, who were receptive to the plans.
Museums During Quarter 2 the total combined visitor numbers to Stockport Museums was 35,237 (compared to 36,482 in Quarter 2 2017/18). This represents a decrease of 1,245 in overall visitors. The prolonged period of warm weather continued to impact negatively on visitor numbers. Combined income from retail, events and admissions across the service was lower for the time of year at £65,817 compared to £71,134 in Quarter 2 2017/18. This represents a drop in income of £5.317. Fewer visitors has meant less income generated through admissions/events and secondary retail spend. Income from school bookings generated a total of £22,915 in income in Quarter 2.
The most notable achievements in Q2 included:
Continued high visitor footfall to the Strawberry Studios Exhibition at Stockport Museum. Staircase House being awarded the prestigious Sandford Award for Heritage Education. A record number of visitors and artwork sales at the Stockport Open Competition at Stockport War Memorial Art Gallery. TV and radio coverage for Hat Works and Stockport Museum on BBC1s Antiques Road Trip and on BBC Radio 4. Three sold out events at Bramall Hall. A successful bid for £4K funding from Museum Development North West to digitally upskill the workforce at Hat Works.
GMS Priorities
A green city region and a high quality culture and leisure offer for all.
17
Measuring Performance and Reporting Progress
Good 2017/18 2018/19 PI Code PI Name perform- Q2 Status Actual Forecast Target ance Actual Council Measures Number of visits to Stockport E&R3.1 High 131,379 69,145 134,000 130,000 museums (cumulative). Combined visitor numbers to Stockport Museums in Quarter 2 were 35,237 (69,145 in the year to date). This represents a decrease in overall visitors of 1,245 compared to the same quarter last year. Plans are now confirmed for a number of events, activities, talks and exhibitions to commemorate the centenary of WWI and a substantial increase in visitor numbers is expected in Quarter 3.
Number of visitors to Stockport’s museums 160,000
140,000
120,000
100,000
80,000
60,000
40,000
20,000
0 2012/13 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 (Forecast)
Risk Description (and Update on Controls potential impact on outcome) Income generated Museums income is down on the same period last year. A detailed through charges falls analysis is being undertaken of the cause of this and action will be short of levels required taken to bring the budget in online. Market income continues to to maintain current decline, but the new contract with the operator will transfer this risk service. away from the Council. Provision of services Contract management continues to take place with external providers from third parties does - Life Leisure and Market Place Management. not fulfil expectations.
18
1.6.4 Stockport Town Centre regeneration
Delivery Update
Town Centre West Mayoral Development Corporation The Council has identified the long-term development of the Town Centre West area as one of its main regeneration priorities. The area has the capacity to support delivery of 3,000 new homes along with additional social infrastructure, open space, and amenity that can benefit all residents. To achieve regeneration on this scale the Council is exploring the creation of a Mayoral Development Corporation with the GM Mayor, Andy Burnham. The proposal was agreed in principle at the September meeting of GM Combined Authority with a final decision expected in December following consultation.
Stockport Exchange Work to bring forward Phase 3 of Stockport Exchange progressed during Quarter 2 with the procurement of a contractor for the main construction works. Following the successful demolition of the cinema, start on site is now expected by the end of October in time for completion in spring 2020. The temporary car park received planning consent during Quarter 2 and work will start on site in Quarter 3 ready for completion in the first half of 2019.
Aurora Work to secure lettings on the two remaining units continued throughout Quarter 2. Overall, the scheme is 83% let and has surpassed the rental levels that were anticipated when the scheme was approved.
Merseyway Feasibility and viability works for redevelopment of the shopping centre progressed during Quarter 2 and will be submitted to Cabinet in November for decision. Work to prepare for the Christmas trading period has begun and works to make vacant units in Adlington Walk more suitable for temporary uses is underway.
Redrock Work to secure further lettings at Redrock progressed throughout Quarter 2 in light of the continued success of the cinema and existing food and beverage offer. Mangobean opened in Unit 5 in August and discussions are ongoing with a range of potential operators over future lettings.
Interchange Design works on the Interchange scheme have continued throughout Quarter 2 following Cabinet approval of Council investment in June. A public consultation was undertaken throughout July and the planning application is due to be submitted early in Quarter 3.
Market Place & Underbanks Significant work has been taking place during the quarter to appoint a longer-term operator for Stockport Market. After a tender process, Market Place Management won the contract and operational detail is now being finalised. There will be a transition period between 1st October and 31st December 2018 to allow for a smooth handover and for minimal disruption to trading during the run-up to Christmas. The new service model will take full effect from 1st January 2019.
19
The Council’s strategy of increasing the food and beverage offer in Market Place has resulted in Mobberley Brewhouse opening its Project 53 bar in August while work to fit out the Angel Inn are progressing with opening expected in Quarter 3.
In September Stockport’s expression of interest to the Arts Council’s Cultural Development Fund received Stage 1 approval. The proposal is based around encouraging digital arts in the town centre and further work is underway to develop more detailed proposals as part of the application process.
Stockport Town Centre events The last quarter has seen the delivery of a number of successful events in collaboration with a range of partners (including Dinosaur Day, the Stockport Classic Vehicle Show and Roughleys Bike show) and the progress on a number of safety & security initiatives including Business Watch and Licensing. Contracts were also let on the Christmas Lights & Trees Programme (securing the delivery of the programme to 2020). The Council has also been working with partners on a number of important projects including the introduction of free Wi-Fi, public sculptures and an exciting Christmas 2018 programme.
GMS Priorities
Good jobs, with opportunities to progress and develop. A thriving and productive economy in all parts of Greater Manchester.
Measuring Performance and Reporting Progress
Good 2017/18 2018/19 PI Code PI Name perform- Q2 Status Actual Forecast Target ance Actual Council Measures % of occupied retail, commercial E&R4.1 and business premises within the High 91.0% 91.0% 93.0% 91.0% Merseyway Shopping Centre. The number of vacancies in Merseyway is unchanged from Quarter 1 at ten units which represents a 91% occupancy rate by total number of units and an 86% occupancy rate by total floorspace.
The active interest from food and beverage operators on the former Next unit is linked to redevelopment proposals to be considered by Cabinet in November 2018. The prospective split of the unit in line with market interest should have a positive impact on the overall vacancy rate going forward. Partnership Measures Footfall in Market Area: Change from Previous Year in Footfall High E&R4.2 (quarterly figure will reflect change (and -3.0% -3.1% 2.0% 5.0% compared to the equivalent positive) Quarter in 2017/18). The Market footfall data provides details of people movements through each of the doors in the Covered Market Hall. It is difficult to use this to assess the number of customers visiting the market, as the data will also include traders’, staff and suppliers’ movements in and out of the hall. Consequently, a more accurate figure to use is the percentage change on the same period in the
20
Good 2017/18 2018/19 PI Code PI Name perform- Q2 Status Actual Forecast Target ance Actual previous year. In Quarter 2 2017/18, the number of movements was 414,546 compared with 401,931 representing a decrease of 3%. However, if data on individual aspects of the market is disaggregated, it becomes clear that specialist markets and events are playing a major role in reversing long-term declines in footfall to the market area. Rates of decline in previous have consistently been between 4%-6%, but this is now improving. The Makers Market is boosting regular Saturday footfall by 33%, when it takes place, and Foodie Friday is continuing to contribute 10% of overall market footfall. This new market operator has been tasked with increasing the number of specialist markets and events and it is anticipated that performance will continue to improve. % of occupied retail, commercial E&R4.3 and business premises in High 77.0% 75.3% 78.0% 80.0% Stockport Town Centre. The latest quarterly visual survey (June 2018) identified 170 vacant units (24.7% of the total) in Stockport Town Centre.
Survey results are based on numbers of units and not floor space and do not take account of the size of the unit (so the opening of a small shop - say 1,000 square metres - coinciding with the closing of a large 50,000 square metre unit, would result in no change). The indicator therefore is, by itself, not an ideal indicator of town centre health. As part of a wider monitoring initiative the Council is currently investigating ways in which reliable floor space data can be captured which, together with E&R4.3 would help provide a more ‘rounded’ statement of health. Number of independent E&R4.4 businesses in Stockport Town High 325 316 317 330 Centre. In general, the Council defines "independent businesses" according to the classification provided by the UK footfall counter, Springboard. That is, "retailers that have 5 or less units under the same fascia". There are however a few exceptions to this, an example being Rhode Island Coffee who now have 6 outlets in the North West but clearly remain an independent high street offer. Such units currently account for 45.9% of all relevant units in the Town Centre. For the purposes of the monitoring of independent shops in Stockport Town Centre, the Council will include the numbers of businesses occupying 27 Market Place (20th Century Stores). Since the beginning of the financial year there have been a number of closures and openings, notably, though not exclusively, the closure of Marks & Spencer and the opening of a small number of independent businesses. Square feet of office, retail and industrial space let or sold to new E&R4.5 High 182,776 41,924 100,000 100,000 occupiers in Stockport Town Centre. 41,924 square feet (35,548 in Quarter 2) is reported to have been occupied in the town centre in the year to date. This figure includes several new food and beverage related openings in the town centre during Quarter 2, such as Mango Bean at Redrock, Project 53 in the Market Place and Laco Café Bistro on Little Underbank. In addition, a new charity furniture shop opened in the former Peacocks premises on Princes Street and SK1 Records opened a new retail unit on Little Underbank and existing office occupier, Volcanic, in Dale House, expanded into an additional 5,000 square feet.
Lettings do tend to pick up in the second half of the year – achieving the 100,000 target however will be challenging
21
1.6.5 Transport priorities to 2040
Delivery Update The priorities identified in the draft SEMMMS Refresh have been the subject of consultation which is now being analysed prior to the final strategy being developed for the Council to consider.
GMS priorities World class connectivity that keeps Greater Manchester moving. A green city region and a high quality culture and leisure offer for all.
Measuring Performance and Reporting Progress
Risk Description (and potential Update on Controls impact on outcome) Financial and reputational damage A6MARR: Ongoing weekly meetings to monitor to the Council resulting from delays programme as it is close to being completed (and the in the delivery of major road opened on 15th October). infrastructure projects. Comments received during the recent consultation on the draft SEMMM Strategy continue to be analysed and Failure to integrate Stockport’s reviewed prior to adopting a final version of the strategy transport priorities (as identified by the end of the year. The strategic priorities identified through SEMMMS Refresh) into in the draft strategy continue to be progressed by both policymaking at the Greater the Council and its partners so as to enable the Council Manchester level, resulting in a to respond to funding opportunities as and when they failure to secure funding and arise. For example, work continues to develop the necessary commitment to deliver business case for the proposed bus rapid transit scheme the priorities. to Manchester Airport as part of the Housing Infrastructure Fund.
22
2. ECONOMY & REGENERATION PORTFOLIO FINANCIAL RESOURCES AND MONITORING
2.1 Revenue – Cash limit
Previously Increase Reported (Reduction) Revised (PPRR) £000’s £000’s £000’s Cash Limit 2,668 0 2,668
2.1.1 The Economy & Regeneration Portfolio contains pressures relating to income generation, but forecast surpluses in other areas of the portfolio means that the portfolio is expected to balance overall.
2.1.2 It was agreed at budget setting that a temporary budget would be made available to the area of Growth of £2m in order to positively affect the Borough. This will be drawn down as expenditure is made against it during this and future years. It is planned that this budget will be spent on areas such as:
SEMMMS Refresh – Feasibility & Design o New Station Study o Bus Rapid Transit o Change Here: The Next Generation of Metrolink o Cycling & Walking o A34 Strategic Corridor Securing Housing Infrastructure Fund Marginal Viability Award Residential Design Guide Town Centre West Legal Capacity District Centres HS2 Growth Review Strategic Property Acquisition
23
2.2 Earmarked Reserves The majority of earmarked reserves are now kept at corporate level. The table below sets out the commitments of this portfolio which have been approved for 2018/19.
Use of Balance of Reserve / Reserves / Reserve / Reserve Approved Use “Approved Reserve Narration To be used for “Approved Category Balance at Q2 Use” Use” £000 2018/19 £000 £000 Directorate Reserves Town Centre Directorate Directorate Flexibility Living 69 69 0 Reserve Reserve - Place Development Framework F&B Sector Directorate Directorate Flexibility Development 23 23 0 Reserve Reserve - Place Support Corporate Reserves Legislative and Development of a Corporate Statutory new Local Plan 228 223 5 Reserves Requirements approved by the Reserve Executive
Reserve Transformation - Markets Linked to Invest to Save 53 53 0 Consultation Budget Reserve
Reserve Transformation - Regeneration Linked to Invest to Save 26 26 0 Projects Budget Reserve
Reserve Transformation - Linked to Invest to Save HLF Bramall Hall 163 79 84 Budget Reserve
Strategic Capital Programme Walking & Cycling Priority 18 18 0 Investment Reserve Projects Reserve
Strategic Stockport Place Capital Programme Priority Marketing and 75 75 0 Investment Reserve Reserve Communications Strategic Capital Programme Interchange and Priority 299 299 Investment Reserve College Feasibility Reserve Strategic Capital Programme Stockport Priority 97 50 47 Investment Reserve Exchange Phase 3 Reserve TOTAL 1,051 616 435 24
2.3 Portfolio Savings Programme The Council’s savings programme was agreed by Council as part of the 2018/19 Budget on 22 February 2018. The Portfolio contributed £0.010m to the Council’s savings for 2018/19.
The portfolio savings within the Council’s overall approved programme are detailed in the table below with a risk assessment on progress to date and a progress commentary.
2018/19 Project Progress at Quarter 2 £m Risk Rating Building Control Fees & Charges 0.010 Green The forecast suggests this will be achieved. Savings TOTAL 0.010
Risk rating Green – good confidence (90% plus) the saving is/will be delivered or minor variances (<£0.050m) that will be contained within the portfolio. Amber – progressing at a reasonable pace, action plan being pursued may be some slippage across years and/or the final position may also be a little unclear. Red – Significant issues arising or further detailed consultation required which may be complex/contentious
2.4 Capital Programme
The table below highlights the key schemes in the programme:
*Expenditure 2018/19 2019/20 2020/21 as at Scheme Programme Programme Programme 30 Sep 2018 £000 £000 £000 £000 Highways Capital Asset Maintenance 295 Street Lighting 582 560 560 5,719 Highways Investment Programme 11,690 12,282 12,551 161 Highways Drainage 294 250 250 180 Pot Hole Programme 1,364 0 0 94 Highways Structures 808 688 788 234 Town Centre Structures A6 Viaduct 702 0 0 358 Town Centre Structures Merseyway 2,017 2,723 0 94 Flood Risk Management 292 300 300 Flood Damage Infrastructure 79 79 0 0 Programme
Asset Development & Improvement
Schemes 8,645 SEMMMS Relief Road 15,442 2,519 5,374 8,730 Town Centre Access Plan 14,119 8,725 3,155 944 Interchange Bridge 2,194 552 0 95 Roscoe Roundabout 878 2,943 0
25
LTP and SEMMMS Integrated 1,350 3,643 30 30 Transport 1 District Centres 430 300 300 52 Road Safety Near Schools 372 100 100 0 Road Safety 50 50 50 5 PROW 119 100 100
Planning-related Schemes 752 Section 278 and Section 106 schemes 2,252 2,000 2,000
Other Highway Programmes 0 Studies and Transport Minor Schemes 54 30 30 5 Air Quality Grant 101 0 0 18 Car Parking 102 0 0 27,811 Highways sub-total 57,584 34,152 25,588
Non-highways 825 Stockport Exchange (Phase 3) 4,000 13,919 0 53 Redrock Development Scheme 3,934 0 0 Aurora Stockport (formerly Gorsey 0 619 0 0 Bank) 61 Markets and Underbanks 1,020 4,076 0 3 Brownfield Site Schemes 10 992 0 0 Merseyway Redevelopment 1,000 3,000 3,000 596 Daw Bank - Stagecoach Building 596 0 0 1,538 Non-highways sub-total 11,179 21,987 3,000
29,349 TOTAL 68,763 56,139 28,588 * This relates to expenditure on SAP and accruals for goods received or work performed up to the period end.
2.4.1 Capital Finance Update and Outlook
2018/19 2019/20 2020/21 Resources £000 £000 £000 Capital Grants 42,276 18,720 11,620 Directly Funded Borrowing 11,138 20,995 3,000 Unsupported Borrowing 12,000 11,849 11,968 Capital Receipts 41 992 0 Commuted Sums 2,252 2,000 2,000 Revenue Contributions (RCCO) 1,056 1,583 0 TOTAL 68,763 56,139 28,588
26
2.4.2 Capital Programme Amendments
2018/19 2019/20 2020/21 Funding Scheme Reason £000 £000 £000 Source Allocation of Pot Hole Pot Hole Programme 20 0 0 RCCO Reserve Funding Town Centre Structures A6 Variation to forecast (188) 0 0 USB Viaduct outturn for the scheme Town Centre Structures (561) 561 0 Grant Scheme rephasing Merseyway Additional funding to Flood Damage Infrastructure RCCO/ 3 0 0 balance scheme outturn Programme USB cost Additional Redrock scope Town Centre Access Plan 0 0 (804) DFB delivered through TCAP programme Interchange Bridge 3 (3) 0 Grant Rephasing of programme LTP and SEMMMS Integrated Adjustment to anticipated (345) 0 0 Grant Transport outturn Brownfield Sites (992) 992 0 Receipts Rephased to 2019/20 Daw Bank - Stagecoach 596 0 0 DFB New Scheme Building SEMMMS Relief Road 386 (1,469) (709) Grant Rephasing of programme Markets & Underbanks (1,576) 1,576 0 DFB Rephasing of programme TOTAL (2,654) 1,657 (1,513)
2.4.3 Progress with Individual Schemes
Progress with individual schemes since Quarter 1 is summarised below.
Street Lighting Planned Programme 2018/19 is around 50% complete.
Highway Investment Programme is approximately 50% complete – 2018/19 is year 5 of a 9 year programme.
Drainage Planned Programme: investigatory works are underway on London Road in Hazel Grove between Chester Road and Vine Street.
Highways Structures: 12 Principal Inspections and 43 General Inspections were completed in Quarter 2.
Stockport Town Centre Structures: East footway strengthening work, and parapet protection works to Rock Row retaining wall, have been completed. Refurbishment of the Daw Bank arch will be completed in October 2018.
Flood risk management: Flood mitigation works in Adswood have begun, a scheme is being designed to mitigate flood risk around the University Estate in Romiley and maintenance regimes are being rationalised for the Glossop Road / Devil’s Elbow area.
A6 to Manchester Airport Relief Road opened on 15th October, the package of mitigation measures has been completed and complementary measures for Hawk Green, Hazel Grove, Bramhall and Heald Green have been developed and will be constructed when funding is confirmed.
27
Cycling, Walking and Safety Schemes: Work in Ladybrook Valley is complete and a crossing on Ladybridge Road will become operational in Quarter 3; Funding has been received from the Mayor’s Walking and Cycling Challenge Fund for improvements on Gillbent Road, Brinnington Tunnel links, and in Hazel Grove. Crossing and cycling improvements in Cheadle are being designed following consultation.
Road Safety Near Schools: Three improvement packages were completed in Quarter 2 (seven completed in total), two will start on site shortly, three are about to go out to consultation relating to legal approval, one is at design stage. Work on other schools (there are 40 in total) are at earlier stages.
Public Rights of Way: Detailed design and scheduling the programme of improvements currently underway.
Section 278 Schemes: 3 schemes were developed, work on 1 scheme started and 4 were completed during the quarter. Funding for an additional scheme has been agreed.
Studies and Transport Minor Schemes: 3 studies are underway (SEMMMS Refresh, Stockport Station Growth Strategy and SEMMMS Bus Rapid Transit business case) and the Council is contributing to a number of TfGM-led studies.
Air Quality Grant: the Council is using some of the Air Quality Grant to support pilot projects looking at ways to improve local air quality, e.g. relating to the uptake of electric vehicles in the taxi trade and the impact of green infrastructure on air quality around schools.
Street Lighting Investment Programme (C&H Portfolio): work underway includes island flexi-bollard and LED column work and Phase 1 of the LED lantern retrofit work.
Stockport Exchange (Phase 3): Demolition of the cinema is complete and Phase 3 is expected to start on site in October 2018, with anticipated completion of spring 2020.
Redrock: Discussions with GBK have not progressed and as things stand, it is unlikely that they will fit out their unit. There have been over 700,000 visitors to the site since it opened.
Aurora: Anticipated financial performance is very much in line with prior expectations, albeit two units currently remain unlet.
Market and Underbanks:
o 29-35 Little Underbank - acquisitions secured through negotiations and currently seeking offers from Developers to redevelop. o 1-3 Lower Hillgate - currently on the market seeking offers from developers to redevelop the site. o Winters - discussions ongoing with its potential inclusion in the Cultural Development Fund. o 6-16 Lower Hillgate and land on Churchgate are being marketed for redevelopment.
Merseyway Redevelopment: Cabinet report is expected in late 2018.
Daw Bank – Stagecoach Building: As part of the Stagecoach letting for Stockport Exchange Phase 2, the Council agreed to purchase the old Stagecoach building at Daw Bank. Purchase was completed in July 2018.
28