The South and South West Executive Director at the HCA, Colin Molton, gave a presentation which covered where we are now as an agency and the importance of the Local Investment Planning to our future work.

1. Local Investment Planning –
where we are now
Colin Molton, Executive Director, HCA
10 November 2011

2. HCA purpose and programmes
Purpose from government:
“The purpose of the HCA is to contribute to economic and
housing growth by helping communities to realise their
aspirations for prosperity and to deliver quality housing that
people can afford.”
Programmes:
– Investment
– Enabling
– Land and Economic Assets
– Regulation (from 2012)
Thriving communities, affordable homes

3. Key policy drivers
Public funding
The localism agenda
A focus on growth
The new National Planning
Policy Framework
New priorities and approaches:
– Local incentive led approach to
housing supply
– Community led regeneration
– Locally driven economic and jobs
growth
Thriving communities, affordable homes

4. Excellent achievements,
strategy and delivery
2010/11 year end targets
Affordable housing
FirstBuy programme
Development and
disposal strategy
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5. HCA delivery
Despite the downturn, in
2010/11 we have delivered:
– More than 57,000 housing
starts
– Including more than 8,900 in
the South and South West
– Around 64,000 housing
completions
– Including 11,746 in the South
and South West
Thriving communities, affordable homes

6. HCA delivery
Since April 2011, we have:
– Developed the new Affordable
Homes Programme, with
around 80,000 homes due to
be delivered by 2015
– This includes 12,700 homes in
the South and South West
– Taken responsibility for around
£300m of former RDA assets
which form the new Economic
Assets Programme
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7. Our investment role:
Affordable Homes Programme
Funding of £4.5bn to deliver
up to 170,000 new affordable
homes
A more flexible offer for
housing providers and tenants
meeting locally identified
needs
Maximising delivery of new
affordable housing supply
Significant contracts approved
in South and South West
Thriving communities, affordable homes

8. Our investment role: land
and regeneration
HCA assets
Unlocking of public land
Former RDA land
Mixed use development,
with an economic growth
and jobs focus
Productive partnerships
with LEPs and Enterprise
Zones
Availability of investment is
receipt-led
Thriving communities, affordable homes

9. Our investment role:
land and regeneration
HCA development and disposal
strategy will deliver 3,000 new
homes by 2015
Pioneering ‘Build Now, Pay Later’
approach of deferred payment
Managing economic assets
working with partners to secure
local economic development
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10. Our role in land
HCA land
– Existing P&R commitments
– Accelerated disposal of land
Other government land
– Technical support to government
departments
Economic assets (RDA land)
– More than 300 sites transferred with
a value of £300m
– Local stewardship arrangements
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11. RDA assets transfer to HCA
Transfer order – Effective 19 September. Staff transferring – 14
in SSW
National Economic Assets portfolio – HCA reports to DCLG
and new Land and Regeneration Board, on which BIS will also sit
Scale – 343 land and property assets, 1,989 contracts relating to
the assets, 156 live funding agreements, 24 companies, 3,029
contingent assets with overage/clawback, 84 contingent liabilities,
30 past ERDF payments to monitor and 742
tenancies/development agreements
Objective of transfer – to realise the economic outcomes of the
projects but also focus on de-commitment and exit
Obligation – to raise receipts to fund development, because only
legal commitments have been funded
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12. Principles of Stewardship
Supports localism and growth agendas
Local partners get strategic influence in
delivery/outcomes
Maximises potential to align with other public assets
Self-financing model – opportunities to cross
subsidise liabilities
Avoids fire sales and maximises long-term value – 10
year programme, although main delivery by year 3
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13. How Stewardship works
Packages – income from one asset offsets funding
requirements on another. Income from companies
used (clawback/overage income accounted for
separately)
Alignment – other public and private partners can
align existing projects with RDA projects
Receipts – go directly to HCA to be recycled back
within the programme: a major innovation (our core
land programme receipts all go back to the
Exchequer)
Thriving communities, affordable homes

14. Supporting growth
The Plan for Growth highlights importance of construction
to economic growth and housing supply to labour markets
HCA investment and enabling of housing supply and
regeneration supports growth at local level
Working with Local Enterprise Partnerships that identify
housing, land and regeneration as growth priorities
Supporting local partners bidding for the Regional Growth
Fund and Enterprise Zones
Accelerating disposal of HCA and other public land
Growing Places Fund
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15. Our enabling role
Housing supply, economic
growth and jobs are all high
priorities for Government but
delivery will happen locally
HCA working with areas to
realise their ambitions to
increase housing supply
Using Local Investment Plans
to align our work with local
growth strategies
Thriving communities, affordable homes

16. Enabling local partners
Prioritisation Supporting partners to prioritise, including phasing of
developments over time
Project
Supporting delivery of projects:
solutions – Structuring commercial propositions
– Developing innovation solutions
Access a range of tools, information and advice:
Hands on –Viability assessment, Delivery Partner Panel, providing data
and information (eg SIGnet)
–Equity investment
Our offer to local partners is focused on:
Strategic and commercial advice on land disposal
Supporting delivery of market and affordable housing
Fostering local partnerships and enabling local authorities to take full
advantage of new incentives
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17. Viability
DCLG Chief Planner advice
refers to HCA Good
Practice Note as tool for re-
negotiation
HCA has developed two
new tools to help us
support Local authorities:
– Area wide viability model
– Individual site viability model
Thriving communities, affordable homes

18. Supporting a local approach
Helping local authorities and
their communities define
Regeneration and
objectives and test solutions to Land affordable
complex schemes housing
Assembling a cocktail of
investment – public and private
– and link to phased delivery;
pump priming for project Delivery of
local priorities
development
Designing appropriate and
innovative delivery
mechanisms Specialist Aligning
Brokering relationships with support public funding
and tools
other public land owners
Thriving communities, affordable homes

19. Conclusions
Our work with local partners is
key to delivering Government’s
objectives on localism, growth
and regulation
Significant current opportunities:
– Affordable homes
– Public land disposal
– Economic assets
– Enterprise Zones
We can help deliver your
communities’ local priorities
Thriving communities, affordable homes

20. homesandcommunities.co.uk
Thriving communities, affordable homes