UPDATED: St Modwen Statement Now Online!
By Tony Walley.
Stoke-on-Trent City Council and developers St Modwen are to end their long standing partnership.
Stoke-on-Trent Regeneration Ltd was established in 1993 and was the first business joint venture agreement of it’s kind in this city.
The company’s mission was “Ëœto stimulate new development, investment and employment in Stoke-on-Trent with particular reference to
The brownfield sites in question are primarily former steel, coal and ceramic works.
The cessation of the partnership will mean that the company will also be dissolved.
Deputy Council Leader - Brian Ward
Speaking to Pits’n'Pots today, the deputy leader of Stoke-on-Trent City Council Brian ward, who is also the portfolio holder for regeneration said: “The partnership between the city council and St Modwen has been a tremendous success”
” St Modwen took an interest in Stoke-on-Trent when other companies did not. The partnership has been mutually beneficial to both parties”
” It has been a joint agreement to end our venture and the details have yet to be finalised. We as a city council want to broaden our horizons now that more and more companies are interested in working in our city. It will benefit the city and it’s residents to have more partnership arrangements in the city’s portfolio.”
“St Modwen are still major land owners within the city and developments like Trentham Lakes will continue as before. The company have been very success in bringing companies into new development such as this”
St Modwens involvement goes as far back as 1988, when they were chosen following open competition, to be the development partner for the Festival Park development.
Former council leader Ted Smith was the driving force behind this partnership which has lasted some twenty years and seen the major regeneration of former industrial land within the city.
Councillor Mick Salih, a former Director of Stoke-on-Trent Regeneration Ltd, said: “When this partnership was first set up there is a no doubt that it was a good idea.”
” You only have to look at the number of jobs that have been created by the developments in the city. Brownfield site such as the Festival Park, the old Shelton Bar site, The Britannia Stadium have been transformed”
” Partnerships have a time span and I know at times there has been the odd St Modwen-on-Trent jibe, but by an large this venture has been a great success for our city. We must not forget that this company showed an interest where there was none from else where.”
Mike Herbert, North Staffordshire regional director, St. Modwen says:
Established 16 years ago,Ã‚ the partnership – like any other – has always had a finite life andÃ‚ althoughÃ‚ nothing has yet been finalised with the Council, should bothÃ‚ sides agree to draw it to a close, we would simply buy out the Council’s 19% holding and Stoke-on-Trent Regeneration would become a wholly owned subsidiary of St. Modwen.
In no way would this diminishÃ‚ St. Modwen’s commitment to Stoke-on-Trent and the North Staffordshire regionÃ‚ where, for the last 21 years, we have progressed many successful regeneration projects.Ã‚ We will continue toÃ‚ advance many more opportunities in the region, the latest being the development of a 80,000 sq ft call centre for Vodafone at Etruria Valley.
|Over the last 21 years, St. Modwen’s North Staffordshire office has achieved the following in the region:
-Ã‚ Ã‚ Ã‚ Ã‚ Ã‚ Ã‚ Ã‚ Ã‚ Ã‚ Ã‚ Ã‚ Ã‚ Ã‚ Ã‚ Ã‚ Ã‚ Ã‚ Ã‚ Reclaimed/ developed over 900 acres of land
-Ã‚ Ã‚ Ã‚ Ã‚ Ã‚ Ã‚ Ã‚ Ã‚ Ã‚ Ã‚ Ã‚ Ã‚ Ã‚ Ã‚ Ã‚ Ã‚ Ã‚ Ã‚ Created over £650 million of value for the region via commercial and residential development
-Ã‚ Ã‚ Ã‚ Ã‚ Ã‚ Ã‚ Ã‚ Ã‚ Ã‚ Ã‚ Ã‚ Ã‚ Ã‚ Ã‚ Ã‚ Ã‚ Ã‚ Ã‚ Provided opportunities for over 11,000 jobs
-Ã‚ Ã‚ Ã‚ Ã‚ Ã‚ Ã‚ Ã‚ Ã‚ Ã‚ Ã‚ Ã‚ Ã‚ Ã‚ Ã‚ Ã‚ Ã‚ Ã‚ Ã‚ Prepared, reclaimed and serviced land for 1,650 new homes.