Network Village

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CREATING SUSTAINABLE MIXED-USE COMMUNITY DEVELOPMENTS

NETWORKVILLAGECOMMENCEMENTBUSINESS PLAN

A jointventure between


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Many towns and villages were suffering from fallingpopulations and lack of jobs,high levels of crime andproblems with long-term illness.

As part of the National Coalfields Programme, whichreached its eleventh year in March 2008, EnglishPartnerships in 1999 established Network Space Ltd,a joint venture company with Langtree Group plc, toaddress the shortage of good quality small businesspremises in the coalfield areas.The joint venturecompany has far exceeded expectations and its initialtarget of 500,000 sq ft,and has now delivered over700,000 sq ft of employment floor space.The latestinitiative,Network Village,is set to deliver a further

300,000 sq ftof business space that will take uspast the one million square feetmilestone. This willbe achieved within a 7 year timeframe through thedevelopment of 6 sustainable mixed use schemeswhere the additional funding required for thedelivery of the business space will be funded byresidential development.

Successful,sustainable and cohesive communitiesrequire notonly good housing,but also an attractiveenvironment and a thriving economy.Network Villagewill deliver mixed-use developmentwhere the provisionof high quality business premises will be at the forefrontand carefully integrated into the existing communityalongside exemplar, energy-efficient housing andattractive parks and open space.

Network Space will consult with local communitiesand work closely with key stakeholders and localauthorities to prepare detailed masterplans for theNetwork Village proposals.

Thriving business centres will act as a catalyst to enablelocal businesses to grow, attractinward investmentand generate better job opportunities.The benefits ofwell-designed, good quality mixed-use developmentcreate more cohesive communities and better placesto live, reducing crime and anti-social behaviour.

We need to ensure that we continue to achievesustained regeneration of coalfield communitiesand mixed-use redevelopment.The provision ofattractive business premises is key to the delivery oflong-term benefits and the creation of economicallyand socially sustainable communities.EnglishPartnerships has an on-going commitment to thecoalfield communities and we see Network Villagesas an importantinitiative to the plans for the newHomes and Communities Agency.

John WalkerChief Executive,English Partnerships

IN 1997 THE COALFIELDS TASK FORCE WAS SET UP BY THE DEPUTY

PRIME MINISTER JOHN PRESCOTT MP TO DEVELOP A PROGRAMME

OF ACTION TO ASSIST COALFIELD COMMUNITIES.

FOREWORD BY JOHN WALKER


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PAGE04/05 EXECUTIVE SUMMARY

THE CORE BUSINESS MODEL

The business plan sets out a generic Network Villagescheme (based upon the Murton pilot) in order to

develop the financial model and demonstrate thesize of site required to fund the delivery of thenetwork village concept. Sensitivity analysis has beencarried out on key variables including residual landprice, residential values, and remediation costs.

It is anticipated that Network Space will enter intodevelopment agreements with landowners for thedelivery of the proposed Network Village schemes.

Community participation is one of the key objectivesin the Governments reform of the planning system.Network Space will undertake pre-applicationdiscussions at an early stage with the local authority,community groups and local stakeholders. Thecompany recognises the importance of maintainingongoing engagement as proposals are developedand this will be achieved through public exhibitions

and inviting feedback and comments from local people.The intention is to secure the fullest possible localcommunity supportfor the Network Village proposals.

The offices and workspace will be developed toBRE Environmental Assessment Method (BREEAM)standard of Excellent.Network Space has alreadyachieved the Excellent rating for the developmentsat Allerton Bywater Millennium Community and i2in Mansfield.The housing will aim to achieve currentEnglish Partnerships standards including Code forSustainable Homes Level 4 and will be developed inaccordance with a strictdes ign code prepared byNetwork Space.

The business space will be maintained and managedby Network Space and the accommodation will beavailable to let on flexible lease terms.The residentialland will be prepared for development and marketed

for sale on an unconditional basis with the benefit ofoutline planning permission to attract experiencedhouse builders.

The parks and open space within the Network Villagedevelopments are assets of the local community andtherefore long term ownership and stewardship ofthe open space will be carefully considered in eachcase.This may be through adoption by the localauthority or transfer to another body such as theLand Restoration Trust or local community trust.

FUNDING

This business plan has been prepared for the periodto June 2015. The delivery of Network Villages will befunded by increased bank facilities from the currentlevel of 27m up to 50m.The increase can be

provided with a Loan to Value ratio below 55% andwith minimum interestcover of 1.5%.The net assetsare projected to grow in the period from 18m to 29m.

MARKETING & PR

A marketing and PR action plan has been preparedto raise the profile of Network Space at both regionaland national levels in order to promote the NetworkVillage proposals.

CONCLUSION

Network Village will continue to deliver theregeneration of Coalfield communities throughmixed-use development.The provision of attractivequality business premises will lead to the creation ofeconomically and socially sustainable communities.

NETWORK VILLAGE -

A NEW APPROACH TO SUSTAINABLE SPACE

Network Village is a bold programme to deliver

vibrant, exemplar and sustainable employment ledmixed-use developments in the former EnglishCoalfield areas.The primary objective is the deliveryof high quality business space providing attractiveaccommodation for small and medium size businessand increasing the availability of wider and betterlocal employment opportunities. This will bedeveloped alongside a range of high quality housingincluding affordable housing,to provide crosssubsidy where necessary,all carefully integratedinto existing communities.

INTEGRATION OF NEW BUILD USES

AND CROSS-SUBSIDY

The Network Village concept is entirely consistentwith the Governments intentions for the delivery of

urban renaissance and the creation of sustainablecommunities. Network Village is about sustainableeconomic diversification and high quality jobcreation in former coalfield communities.Its aimis to provide high quality employment space thatwill retain and attract higher quality companies andencourage and support local startup ventures.Thedevelopment of of high quality housing will fundthe delivery of the employmentspace where crosssubsidy is necessary and also create a truly sustainablemixed-use addition to the existing community.

The developments will deliver fully integrated,sustainable mixed-use employment and residentialschemes which will include high quality managedbusiness centres offering Grade A quality servicedoffice accommodation; flexible high quality workspaceunits designed for a mixed use environment; self

contained offices; high quality housing providing amix of housing choice and tenure; and attractiveopen space designed to provide opportunities forcommunity use and residential amenity.

WHO AND WHAT IS NETWORK SPACE?

Network Space Limited is a joint venture betweenEnglish Partnerships and Langtree Group plc set up

in 1999 with a specific remit to deliver high qualityemployment space in the former English Coalfieldsregions. Langtree provides both development andmanagement services. Langtree is a developer thatspecialises in mixed-use regeneration and thedevelopment of high quality employment spacessuitable for SMEs in regeneration areas. Networkspace has now delivered over 700,000 sq ft ofworkspace, offices and serviced offices. NetworkVillage is the nextphase of Network Spacedevelopment and the target is to secure the deliveryof 300,000 sq ft of employment space throughthe development of six Network Villages within aseven-year time frame.Network Space is primarilya commercial developer and therefore the deliveryof the high quality employment accommodation willbe at the forefront of each scheme.

SCOPE AND RANGE OF THE NETWORK

VILLAGE CONCEPT

The regeneration benefits of the Network Villageproposals include re-use of brownfield sites insustainable locations with a strong employmentled justification.This coupled with the commitmentto deliver high quality development provides acogent regeneration case.

The areas of operation cover the former EnglishCoalfields regions.The first site has been identifiedat Murton, Easington and the business plan proposesthe identification of a further five sites over the nextthree years.The initial site search programme willfocus on the North East, Yorkshire and East Midlands.It is anticipated that identification of sites will be

through directcontact with senior executives anddecision makers involved in regeneration and aprogramme of presentations and meetings withEnglish Partnerships, RDAs and local authoritieshas been prepared.

EXECUTIVE SUMMARY


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08 1. Introduction

1 .1 Background to Network Space

1 .2 Netwo rk Vil la ge

1.3 Strategy10 2. Network Village Elements

2.1 Employme nt

2 .2 Re si de nt ia l

2.3 Open Space

2.4 Retail, Commercial and Leisure

12 3 . Sustainabil ity

14 4. Areas of Operation

4.1 Coa lf ie ld Area s

4.2 Suitable locations

16 5. Network Village Model

5 .1 G en er ic s ch em e

5.2 Ap praisal

18 6. Site Identification Process6.1 Site finding proposals

6.2 Site delivery programme

6.3 Initial Site Assessment

20 7. Financial Commentary

22 8. D evelopme nt

8.1 Development Agreement

8.2 Planning

8 .2 .1 Poli cy

8 .3 Ex it s t rat eg y

8.3.1 Employment

8.3.2 Residential

8.3 .3 Open Space

8.3.4 Retail,Commercial and Leisure

24 9. Community Engagement andSocio-Economic Impacts

9.1 Consultat io n

9.2 Planning process

9.3 Economic and social impact

26 10. Marketing and PR

10.1 Introduction

10.2 Aims and Objectives

10.2.1 TargetAudience10.2.2 SMART Objectives

10.3 Communications Tactics

10.3.1 DirectMarketing

10.3.2 Advertising

10.3.3 Events

10.3.4 Public Relations

10.3.5 Advertorials

10.3.6 Literature

10.3.7 E-marketing

10.3.8 Budgetand Timing

30 11. Risk Assessment and Management

1 1. 1 G ove rn an ce

1 1.2 Acqui si ti on

1 1.3 Construct io n

32 12. Monitoring and Evaluation

12.1 Performance ManagementFramework

12.1.1 Introduction

12.1.2 Monitoring

12.1.3 Scheme Monitoring

1 2.2 Eva luat io n

12.2.1 Overview

12.2.2 Interim Evaluation

12.2.3 Full Evaluation

34 13. Way Forward

CONTENTS

PAGE06/07 CONTENTS


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PAGE08/09 INTRODUCTION

300,000 SQ FTOF HIGH QUALITY

BUSINESS SPACE

1 .3 ST RATEG Y

Network Villages are about the delivery of highquality employmentspace as a key element of

sustainable mixed-use regeneration. Network Spaceis a commercial developer therefore the delivery ofthe high quality employment accommodation will beat the forefront of each scheme.

The strategy is to secure the delivery of 300,000 sq ftof employmentsp ace through the developmentofsix Network Villages within a seven year timeframe.

The approach to identifying and securing suitabledevelopment opportunities for Network Villages isas follows:

A programme of meetings and presentationsto key regeneration people in EP,R DAs and localauthorities

Through a carefully considered marketing andPR strategy,highlighting the success of Network

Space and promoting the Network Village vision

A focus on the main former coalfield areas initially North East, Yorkshire and East Midlandsfollowed by Staffordshire

.

The key factors that make Network Villagesdistinctive are as follows:

Network Spaces track record of delivering highquality business space

Its remit is developmentin the former EnglishCoalfields regions

The design and delivery of business spaceis primary not secondary

Highly sustainable developments

Regeneration benefits in towns and villages

The support of English Partnerships and its abilityto highlight potential public sector opportunities

Provision of high quality business space suitablefor local SMEs

Well managed business centres offering flexiblelease terms

Aim to develop to high standards BREEAMrating of Excellent;Code for Sustainable Homeslevel 4

On behalf of Network Space,Langtree providesboth developmentand managementservices.Thisextends from site finding,design and constructionthrough to letting, management and maintenance.Langtree is a developer that specialises in developinghigh quality employment space suitable for SMEs inregeneration areas.

1 .1 BA CKG ROU ND

Network Space Ltd is a joint venture company,between Langtree Group plc and English Partnerships,

launched in October 1999 by the Deputy PrimeMinister the Rt Hon John PrescottMP.Its remit is todevelop high quality employment space in the formerEnglish Coalfields,providing quality employmentaccommodation suitable for new and expandingsmall and medium-size enterprises (SMEs).

The initial remitto deliver a minimum of 500,000 sq ft(46,450 sq m) was achieved within the 6 year targettime frame and as a result of this success,the jointventure partners extended the programme to deliver5 more schemes providing an additional 200,000 sq ft(18,580 sq m),without further funding support fromEnglish Partnerships.The networkcentre producthas evolved,as the company responds to marketneeds, to provide a range of workspace,offices andserviced offices.

Network Space has now entered a further phase ofdevelopment, through a new initiative named NetworkVillages,to deliver a minimum of 300,000 sq ft(27,870 sq m) of high quality business centres,officesand workspace accommodation in the former coalfieldareas over the next 7 years integrated with andfunded by sustainable high quality residentialdevelopment.

1 .2 N ET WO RK V ILLAGE S

The primary objective of Network Village is thedelivery of high quality business space providing

attractive accommodation suitable for SMEs therebyincreasing the availability of wider and better localemployment opportunities generating sustainableeconomic diversification and high quality job creationin former coalfield areas.Developed alongside highquality housing and carefully integrated into existingcommunities,the development of the housing willcross subsidise the delivery of the speculative highquality employment space and also deliver trulysustainable mixed-use regeneration.

English Partnerships is atthe forefront of theGovernments response to climate change and theNetwork Villages programme is entirely consistentwith the Governments intention for the delivery ofurban renaissance and the creation of sustainablecommunities.It accords with the Green Paper (July2007) Homes for the future:more affordable,moresustainablewhich sets out proposals for more homesthat are well designed,greener and more affordableto rentor buy.

Network Village as part of the National CoalfieldsProgramme, will deliver further benefits to coalfieldcommunities through brownfield regeneration and theprovision of high quality housing and business space.

The new Homes and Communities Agency proposedin the Housing and Regeneration Bill, will haveresponsibility for land and funding to deliver newgreener and more affordable homes and infrastructurethrough sustainable development. (The definition ofinfrastructure includes services;roads and transportfacilities;retail and other business facilities; health,educational,employment and training facilities; andpublic open space).

1. INTRODUCTION


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To enhance the sustainability explore newproposals for live/work zones where units can bebuilt as offices and or homes and occupied partlyor wholly for either use

Residential land disposal strategy NetworkSpace will obtain planning permission, partoutline and part detailed, for the mixed useNetwork Village development then market theland available for residential development withthe benefit of outline planning permission forsale on an unconditional basis. Land remediation,new roads, drainage and services will be deliveredby Network Space as appropriate.The receipt forthe residential land will fund the remediation,abnormal costs and infrastructure and cross-subsidise the speculative development of theemployment accommodation

2 .3 O PE N S PA CE

The open space element of the scheme will include:

The open spaces,parks, play areas and landscapingare important elements thatwill vary significantlywithin each scheme.It is importantto create well-used places that have a good perception of safetyand provide valuable amenity for both existingand new communities

Community involvement will be necessary duringthe detailed design process to foster a senseof ownership,and hopefully minimise risks ofvandalism. The design of play areas will need to betargeted to local need and potential user groups

There are opportunities to involve local peoplewhen developing any art feature,perhapsreflecting the history of the site of the area,and possibly during the implementation phase

in planting trees,shrubs and bulbs

Recycled materials will be utilised whereverpossible in the construction of footpaths andcycle ways.Durable natural materials shouldbe used for benches, boardwalks and fences

Sustainable management practices are intrinsicin the long-term success of parks or open spaceas assets to the local community. Long termownership and stewardship of the open space bythe local authority or community trustor the LandRestoration Trust, will be considered in each case

2.4 RETAIL, COMMERCIAL AND LEISURE

Certain sites may offer additional sustainablecommunity development opportunities and mayrequire suitable provision of retail premises andcommunity facilities.Depending on the size of theproposed Network Village scheme there may beopportunities for the developmentof additionalretail or commercial/leisure premises which willenhance the sustainability and viability of theproposals, to include:

Neighbourhood centres that may include, localsupermarket or general store, and small retailunits for a range of occupiers

Community facilities such as village orcommunity hall,library and crche

Health care facilities including clinic, consultingrooms, dental and doctors surgeries

Other commercial opportunities will dependon the size of the site,location and main

road frontage. Possible uses could include carshowroom, hotel,pub and restaurant,gardencentre, local trade park units, small and mediumsize industrial units

2 .1 EMP LOYM EN T

The basis of a Network Village scheme will includea combination of the following employment space:

Critical mass of 2,322 to 6,503 sq m (25,000 to70,000 sq ft) of high quality business space

High quality managed business centre typically2,322 sq m (25,000 sq ft) providing fully servicedoffices on flexible terms as recently completedat Matrix Business village, Keys Park,Hednesford

Out of hours community use of the meetingrooms and conference facilities within businesscentres will be available to local communitygroups providing

Multi-occupied office building providing highquality offices suites offering grow-on space forSMEs. Mansfield i2 provides up to 18 suites ina high quality 3,252 sq m (35,000 sq ft) officebuilding next door to Mansfields high technologyincubation centre

Networkcentres providing high quality workspaceunits suitable for SMEs and start-up businessestypically 1,858 to 3,716 sq m (25,000 to 40,000 sq ft)providing units ranging from 70 to 325 sq m(750 - 3,500 sq ft). Allerton Bywater and SherwoodEnergyVillage,Ollerton are two recently completedschemes designed to be adjacent to housing

In appropriate locations self-contained own frontdoor offices available for sale or to let, typicalsize 140 to 280 sq m (1,500 - 3,000 sq ft) will beconsidered.The developments at West Moor Park,Armthorpe and Sherwood Energy Village,Ollertonboth offer own front door offices

The offices and workspace will be design withthe aim of achieving BREEAM excellent rating

Where there are suitable existing buildings

refurbishment and subdivision may bean alternative

2 .2 R ES ID EN TI AL

The residential element of the scheme will includethe following:

Network Space to obtain outline planningpermission and prepare land for sufficientnumber of residential units (houses andapartments) to cross subsidise the speculativedevelopment of the proposed employment space.The amount of residential necessary to crosssubsidise the scheme will vary depending on thecost of abnormal works, residential values,Section106 requirements,the supply and demand foremployment space in any particular area

The agreed masterplan and design of thedevelopment will deal with access, safety,security,outlook, play areas, traffic management and goodquality design reflecting local characteristicsand ensuring that the employmentspace is inan appropriate prominentposition within thedevelopment; creating a connective neighbourhoodintegrated into the existing community

Affordable housing will be a key elementwithineach scheme providing a range of house typesto meet local requirements

A Design Code for the delivery of energy efficient,sustainable homes to be developed to a minimumstandard of Code for Sustainable Homes Level 4(rising in line with English Partnerships/Homesand Communities Agency quality standards)

Building sustainable homes is not simplyreducing CO2,but also looking at the materialsused in construction and minimising otherenvironmental impacts such as reducing the useof water and the waste generated in constructionand in the way we live

2. NETWORK VILLAGE ELEMENTS

PAGE10/11 NETWORK VILLAGE ELEMENTS


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The strong regeneration benefits of the networkvillage proposals include making use of brownfieldsites in sustainable locations with a strongemployment led justification.This coupled with a

commitment to deliver an exemplar high qualitydevelopment provides a compelling regenerationplanning case.

The proposals are for mix-use developments withinor adjoining existing towns and villages thereforemaximising the use of infrastructure and facilities.

Key aims will be to achieve CO2 reductions, energyefficiency and reduce energy consumption. Sustainableenergy design needs to be affordable and practical.Improvements can be achieved by:

Improving fabric performance

Condensing boiler technology

Natural ventilation

Daylight linked lighting control

Heatrecovery

Solar shading

Ground source heat pump

Solar thermal water heating

The houses and apartments within the NetworkVillage will aim to achieve Code for Sustainable HomesLevel 4 (rising in line with current EP standards).Thismeans the development will improve performance

in a range of areas including, water,waste, materials,drainage,energ y and CO2, pollution, health andwell being,management and ecology. A Code forSustainable Homes pre-assessmentwill be preparedby Network Space in order to provide house builderswith guidance on the particular site and EnglishPartnerships quality standards including LifetimeHomes and Buildings for Life.

Building sustainable homes is not simply reducing CO2,but also looking atmaterials we use in constructionand minimising the other environmental impacts reducing the use of water and the waste generatedin construction and in the way we live.

Network Space will aim to achieve BRE EnvironmentalAssessment Method (BREEAM) standard of Excellentfor the offices and workspace.(Network Space

schemes are developed as a minimum to very goodstandard and BREEAM excellent has been achievedfor workspace schemes at Allerton Bywater and i2in Mansfield).

3. SUSTAINABILITY

PAGE12/13 SUSTAINABILITY

The offices and workspace will provide high qualityemployment space for local businesses.The majorityof occupiers in Network Space schemes are localbusinesses and come from within 5 miles.

Secured by Design accreditation will be achieved byappointing an architectural liaison officer atan earlystage of the design process.

Network Space will work with key stakeholders oncross cutting sustainability themes including:

Community engagement and management

Promotion of design innovation using modernmethods of construction and energy efficiency

Provision of training and educationalopportunities (to be developed throughappointment of consultants by NetworkSpace and English Partnerships)

Insuring the creation of a connectedneighbourhood

In conjunction, the masterplan and design of thedevelopments will deal with access,safety andsecurity,English Partnershipsminimum spacestandards, outlook, play areas, traffic management,

and good quality design reflecting local characteristics creating a connected neighbourhood and deliveringdiversity in housing choice and tenure.


8/18PAGE14/15 AREAS OF OPERATION

Newcastleupon Tyne

Durham

York

Sheffield

Stoke-on-Trent

Nottingham

Manchester

Liverpool

Whitehaven

Birmingham

Cambridge

London

Southampton

Bristol

Exeter

Dover

Oxford

Leeds

4. AREAS OF OPERATION FORMER COALFIELD AREAS

SITES WANTEDFOR EXEMPLAR MIXED-USE

REGENERATION SCHEMES

4 .1 C OA LF IE LD A R EA S

The broad areas of operation cover the formerEnglish Coalfields.The agreed boundary of the areas

of the companys operation is defined in the IMCConsulting Engineers Ltd report entitled WorkspaceDevelopment Areas in the closed English CoalfieldsJanuary 1999.The former English Coalfields areas areshown on page 15.

4.2 SUITABLE LOCATIONS

Suitable sites will be identified as opportunities thatrequire the delivery of high quality employmentspace as a key element for the delivery of exemplarmixed-use regeneration.Site characteristics mayinclude some or all of the following:

Within existing towns and villages

Close to existing employment

Near to adjoining residential

Convenient for the town or village centre

Use existing infrastructure, services andcommunity facilities

Highly accessible by public transport, walkingand cycling

Offer additional benefits to local people

Brownfield land

Provide open space

Potential to sustain and enhance biodiversityand ecological interest

Suitable for a range of high quality homesboth affordable and market housing

Sites are likely to be 4 hectares (10 acres) ormore, but could be smaller in high density

urban locations

NORTH EAST

CUMBRIA

NORTH WEST

STAFFORDSHIRE

WEST MIDLANDS

FOREST OF DEAN

KENT

YORSKSHIRE

NOTTINGHAMSHIRE


9/18PAGE16/17 NETWORK VILLAGE MODEL

5. NETWORK VILLAGE MODEL

5 .1 G EN ER IC S CH EM E

For the purposes of developing the business plan abasic Network Village model based upon the Murton

pilot experience with sustainable site characteristicsas highlighted in the previous section has beenadopted and this comprises the following:

Business centre providing high quality servicedoffices 26,000 sq ft (GIA)

Workspace scheme of 15 units totalling26,000 sq ft

Provision of serviced oven readyresidential landwith outline planning permission

High quality public open space

Brownfield site requiring remediation andconstruction of infrastructure

Key assumptions:

In order to develop the financial model the followingassumptions have been made:

A serviced offices building and workspace schemewould require approximately 4 acres

Residential sales value 175 per sq ft

Affordable housing (to be maximised as far aspossible) assumed to be 20%for the purposesof the model

Section 106 contributions there will be a rangeof contributions in addition to affordable housingat a costof say 2,500 per unit

Profiton cost a standard developers profit of15% including costs of site acquisition,remediation and infrastructure

An appraisal is attached for a 16-acre siteassuming a base initial land price of 200,000per acre and remediation costs of 1 million

5 .2 A PP RA IS AL

At a remediation cost of 1 million a site ofapproximately 16 acres with 12 acres for residential

would be required.A summary of the developmentappraisal is set out below.

Sensitivity analysis

A sensitivity assessmenthas been carried outto show the effects on the size of site that maybe required - by varying the land price per acre,remediation costs and residential values.

Residential value an increase in the residentialsales price of 10 per sq ftwill reduce the land

required by 3 acresInitial land price an increase from 200,000 to300,000 per acre will result in a increased landrequirement of 3 acres

Remediation costs an increase from 1m to 2mwill require additional land of 3 acres

Network Space

Revenue s

Business Centre 21,000 sq ft (net) 3,500,000

Workspace units 26,000 sq ft 1,500,000

Residential land sale 12 acres 9,700,000

Total Revenue 14,700,000

Costs s

Site 3,400,000

Planning 300,000

Construction & Fees 8,000,000

Other costs & interest 1,000,000

Total costs 12,700,000

Profit on cost 2,000,000

Residential

Revenue s

Market housing 177,000 sq ft @ 175.00 31,000,000

Affordable housing 41,000 sq ft @ 122.00 5,000,000

Total Revenue 36,000,000

Costs s

Site (serviced) 10,000,000

Construction & Fees 18,000,000

E nd p ay me nt s S 10 6, M ar ke ti ng & I nt er es t 3 ,0 00,0 00

Total costs 31,000,000

Profit (excl interest) 5,000,000


10/18PAGE18/19 SITE IDENTIFICATION

6. SITE IDENTIFICATION

6.3 INITIAL SITE ASSESSMENT

Initial Site Assessments (ISA) will be consideredat monthly Network Space Operations meetings.

Key points to be considered are as follows:

Timescale for delivery

Initial market assessment of supply/demand forhigh quality employmentspace and housing

Site is of sufficient size to deliver residential thatwill fund the developmentof the site and theprovision of the employment space

Achieving high standards of development i.e.BREEAM excellent and Code for SustainableHomes minimum of Level 4

High level of sustainable development

Potential for wider benefits for the localcommunity

Overall scheme to be commercially viable

The ISA will be carried out using available informationand will then be considered at the next Operations

Meeting allowing a minimum of two weeks foran assessment.The site will be considered againstthe key points and the ISA will take the form of aconcise report.

Following a positive ISA - a budget for the appointmentof a development team will be agreed along with aprogramme for the completion of an Outline ProjectProposal (OPP). This will be a more detailed assessmentof the site and preparation of a proposed scheme tobe considered by the Network Space Board.

Following completion of the OPP, and subject torecommendations, approval would be granted byNetwork Space Board to conclude negotiationswith the landowners (enter into a developmentagreement)and proceed with the preparation of aplanning application and detailed site investigations

and assessments.

6.1 SITE FINDING PROPOSALS

The target is delivery of six Network villages and300,000 sq ftof employment space within a seven

year timeframe.The proposed programme for securingfurther sites for development are two sites in 2008,two in 2009, and a sixth in 2010.

The first site at Murton is located in the north eastand therefore the proposed targetis to identify andenter into agreements for two further sites in 2008 say one in Yorkshire and one in the East Midlands.

A programme of meetings and presentations isbeing developed.Initial meetings and presentationswill be at a regional level with a programme ofpresentations and meetings with key individuals inEnglish Partnerships and the RDAs.This will thenprogress to local authorities,HMR pathfinders andURCs. It is anticipated that there will also be windfalltype opportunities identified outside the initialsearch areas.

We would also aim to meet with senior propertyconsultants who specialise in public sector

regeneration and development.These individualshave knowledge of local authority regenerationinitiatives and plans for high quality sustainablemixed-use developmentwhere the Network Villageconcept would be appropriate.

It is anticipated that sites are more likely to besecured on a negotiated basis rather than opencompetitive tendering.

Network Space has been developing in the coalfieldareas since 1999.Langtree has in depth knowledge ofthe market for employmentspace in many of theseareas and English Partnerships through its key rolein the National Coalfields Programme has detailedknowledge of the communities and former collierysites within the coalfield areas.

6.2 SITE DELIVERY PROGRAMME

The indicative development programme outlinedbelow indicates that the period for delivery fromsite identification through to completion is likelyto take 3 - 4 years.

An indicative programme for site identification anddevelopment is as follows:

Period Month no.

Initial Site Assessment 4 weeks 1

Outline Project Proposal 2 months 2 - 3

Masterplan &Planning Application 6 months 4 - 9

Consideration of Planning Application 4 months 10 - 13

Detailed design & tender 6 months 14 - 19

Site remediation & Infrastructure 6 months 20 - 25

Marketing & Sale of Residential Land 16 - 194 months 20 - 25

Construction of Buildings 12 months 26 - 37

S it e Identificat ion S ta rt Co mp le ti on& Agreement Construction

1 Murton 2007 2008 2010

2 2008 2009 2011

3 2008 2010 2012

4 2009 2011 2013

5 2009 2011 2013

6 2010 2012 2014


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PAGE20/21 FINANCIAL COMMENTARY

Jun 09 Jun 10 Jun 11 Jun 12 Jun 13 Jun 14 Jun 15000 000 000 000 000 000 000

1) Capital Programme (8,640) (14,351) (16,315) (12,320) (12,420) (8,440) (6,043)

2) Profit & Loss Account

Pre interest profit 2,909 3,897 4,988 3,768 4,105 4,674 4,000

Interest (1,851) (2,055) (2,472) (2,395) (2,655) (2,822) (2,694)

Profit before tax 1,058 1,842 2,516 1,373 1,450 1,852 1,306

Bank interest cover (PBIT) 1.57 1.90 2.02 1.57 1.55 1.66 1.48

3) Balance Sheet

Tangible Fixed Assets 000 000 000 000 000 000 000

Estates - Investment 50,831 50,831 50,831 50,831 50,831 50,831 50,831

Estates - NV Phase III 2,356 8,724 11,306 16,580 21,859 22,086 28,891

Total Fixed Assets 53,187 59,555 62,137 67,411 72,690 72,917 79,722

Bank debt (24,466) (29,822) (29,858) (33,899) (37,515) (36,627) (42,136)

Other assets/liabilities (10,091) (9,815) (9,785) (9,133) (8,857) (8,676) (8,295)

Net Assets 18,629 19,919 22,494 24,379 26,318 27,614 29,291

Bank debt as % of INV & DEV 46% 50% 48% 50% 52% 50% 53%

Year on year growth rate 4.1% 6.9% 12.9% 8.4% 8.0% 4.9% 6.1%

Peak debt (32,316) (37,904) (40,949) (41,879) (45,596) (45,024) (42,136)

7. FINANCIAL COMMENTARY

Capital Programme

The delivery of the six sites will require a significantcapital programme with spend averaging in excessof 10m per annum for the seven years to June 15.

Profit and Loss Account

The results show profit being delivered every year upto June 2015.The projections show an interest coverof at least150%.The business plan assumes thatnew workspace will continue to let up over fifteenmonths, which has been the case historically. It alsoassumes a serviced office element will let up overtwenty-one months. Peak occupancy is assumedat 87.5%.

Balance Sheet

The projection assumes that fixed asset values willremain at June 2007 levels.The above shows that netassets are projected to grow from 18m at June 2007to 29m atJune 2015.

The year on year growth rates in net assets are alsoshown in the table above varying from 4.1% to 12.9%.The overall growth over the period is at an annualisedgrowth rate of 7.3% from June 2008 to June 2015.

The Network Village programme will be funded bybank debt.It is expected thatthe bank facility wouldneed to increase from the currentapproved level of27m up to around 50m, and increasing bank debtcan be provided with a satisfactory loan to valueratio of below 55%.

The following table sets out some of the key financial indicators for the Network Space Business Plan for the periodto June 2015.


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PAGE22/23 DEVELOPMENT

8. DEVELOPMENT

8 .3 E XIT S TR AT EG Y

8.3.1 Employment

The managed business centre/serviced officebuildings and workspace schemes will be retainedand managed by Network Space. Own front dooroffices may be available to leto r for sale and this willdepend on the particular details of each scheme.

8.3.2 Residential

Serviced residential land will be marketed for salewith the benefit of outline planning permissionand full details of site investigations,infrastructureremediation proposals to be completed by NetworkSpace, Code for Sustainable Homes,affordablehousing, and S106 Agreementand a strict DesignCode prepared by Network Space to ensure thedelivery of high quality aspirational housing.

Marketing will take place following receipt ofplanning permission with unconditional sale andland receipt following remediation and infrastructureas appropriate. Network Space may also considerdirectdevelopment of homes or apartments inlive/work zones.

8.3.3 Open Space

Sustainable managementp ractices are intrinsic inthe long-term success of parks or open space asassets to the local community.Therefore long termownership and stewardship of the open space will beconsidered in each case. Alternative options include:

Adoption by the local authority;

Community or trusto wnership and managementcompany with service charge;and

Transfer ownership to the Land Restoration Trust(with a dowry payment), which was also createdby English Partnerships, and is a key operator inthe coalfield areas.Network Space has alreadyheld preliminary discussions with LRT who haveconfirmed potential interest

8.3.4 Retail, Commercial and Leisure

Opportunities and requirements may arise forcommercial development for uses such as hotel,pub/restaurant, local supermarket,neighbourhoodcentre,motor trade, or small/medium industrial units.Developmentor sale of plots will be on the basis ofmaximising receipts through pre-let,turnkey or landsale basis.

8.1 DEVELOPMENT AGREEMENT

Following the identification of a suitable site andhaving completed an initial site assessment,Network

Space will agree Heads of Terms and enter into aDevelopment Agreement with the land owner forthe delivery of the proposed Network Village scheme.Under the terms of the Development AgreementNetwork Space will acquire the whole site and thenarrange the disposal of the residential land andcommercial areas to cross subsidise the deliveryof the development and the employment space.

8 .2 PL AN NI NG

The development team will prepare an initial siteassessment based on available information and aninitial masterplan will be drafted for the purposes ofearly consultation. A scoping study for a planningapplication will then be agreed with the localplanning authority.

Following pre planning consultation with the localauthority,local people and stakeholders, includingpublic exhibitions, the masterplan will be revised andprepared in more detail for the planning application.In accordance with the agreed scoping study fullreports will be prepared to support an outlineapplication for the site as a whole and detailedapplication for employmentspace and infrastructure.

.

8.2.1 Policy

The masterplanning, design and development andthe strong regeneration benefits of the NetworkVillage proposals accord with the Governmentsprincipal planning guidance,and its objectivesfor sustainable development.This includes:

Regional Spatial Strategies and RegionalPlanning Guidance

PPS 1 Delivering Sustainable Development statesthe importance of good design, pre-planningdiscussions and community involvement

PPS 3 Housing sets out the Governments policyframework and housing

A wider choice of quality homes that;

- Widen opportunities for home ownership;

- Improve affordability across the housingmarket, including by increasing the supplyof housing;and

- Create sustainable,inclusive mixed communitiesin all areas

PPG 4 Industrial, commercial developmentandsmall firms identifies thateconomic growthand high quality environment have to be pursuedtogether.That where appropriate small scaleemployment development should be integratedwith residential

PPS 9 Biodiversity and Geological conservation

PPG 13 Transport focuses on promotion ofsustainable transport

PPG 14 Development on unstable land

PPG 17 planning for open space spatial andrecreation

PPS 23 Planning and Pollution Control

PPG 24 Planning and NoisePPS 25 Developmentand flood risk deals withsustainable development appraising,managingand reducing the risk

PPS 1 draft supplement on Planning andClimate Change spatial planning shouldreduce emissions


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PAGE24/25 COMMUNITY ENGAGEMENT AND SOCIO-ECONOMIC IMPACTS

9. COMMUNITY ENGAGEMENT ANDSOCIO-ECONOMIC IMPACTS

9.3 ECONOMIC AND SOCIAL IMPACT

The Urban White Paper, Our towns and Cities:the future,launched in November 2000,sets outthe agenda for the long term redevelopment ofthe urban fabric with improving sustainabilityestablished as the clear goal. The focus of the WhitePaper is on achieving sustainable economic growththrough engaging local people to tackle problemssuch as poor living environments, failing economies,inadequate services and weak social networks.

The Network Village concept is fundamentally in linewith the strategic vision outlined within the WhitePaper.As well as bringing brownfield sites back intoproductive economic use, high quality design will becentral to the Network Village proposals resultingin the overall improvement of the urban fabric forthe benefit of all within the local community. The

proposals will provide new and better employmentopportunities for the local community as well asproviding a high quality mixed residential environment.

The delivery of the business accommodation in supportof economic development objectives is financiallyand strategically supported by the residentialdevelopment.The residential development not onlysecures the financial viability of the scheme,butalso supports local economic development throughthe provision of a better choice of homes as wellas supporting local services.The justification forNetwork Villages is also based upon a market failureargumentas without grantassistance or cross-subsidyfrom residential development the employment spacecould not be delivered.

The high quality employment space will bringadditional quality employmentand investment intothe area.Network Villages will result in additionalbenefits of increased competitiveness as well aslocal multiplier effects and social benefits fromincreased investment.Furthermore by diversifyingand strengthening the local economic base, theability of the area to withstand future economicchanges would be enhanced.

Well-designed mixed-use development that includesthe supply of high quality open space will make thearea more attractive and improve its image.

Network Villages may also provide demonstrationeffects in the form of sustainable redevelopmentthat is compatible with the surrounding area andlocal community;as well as raising confidenceand aspirations within the area;and assisting inencouraging more speculative development andstimulating other landowners to invest in theirown sites.

Network Village will deliver new high qualityemployment space thatwill bring significantsocio-economic benefits to the local area creatinga more sustainable local community.

9.1 CON SU LTAT IO N

Community participation is a key objective in theGovernments reform of the planning system. NetworkSpace will undertake pre-application discussions at anearly stage with council officers, community groupsand local stakeholders.The company also recognisesthe importance of maintaining ongoing engagementas the draftmaster plan is developed.

Following initial consultation and production of a draftmasterplan the proposals would be displayed at apublic exhibition inviting feedback,comments andideas from local people.A second public exhibitionwould be arranged thereafter to display the revisedmasterplan and alterations as a result of the pointsraised atthe first exhibition.

Additionally consultation and engagement would beachieved using leaflets,press releases and interviews with journalists, meetings with residents and stakeholders,and meetings with objectors to understand issues andto explain and clarify the proposals.

9.2 P LANN IN G P RO CE SS

As part of any planning application, the Design andAccess Statement would also include a Statementof Community Engagementoutlining the stages ofconsultation undertaken with various stakeholders.


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PAGE26/27 MARKETING & PR

10. MARKETING AND PR

10.3.4 Public Relations

Targeted public relations will help to raise awarenessand reinforce and support the marketing strategy.Good news stories and press releases will betargeted at key media and quality coverage will besought in local,regional and trade press andbroadcast and national media where appropriate.

Aims and Objectives

PR consultants have been appointed to deliveran effective public relations strategy by:

Raising and broadening brand awareness

Secure consistent PR coverage in target areas

Position Network Space as an innovativedeveloper of high quality,exemplar workspaceand homes in the former English coalfield areas

Ensure key members of the Network Space teamare visually seen as the face/s behind the brandat key events and networking opportunities

Drive footfall to all events

Key messages

The key Network Space messages to incorporate intoall communications are:

Network Village is a unique and distinctivemixed-use development initiative led by acommercial developer,where delivery of highquality employment space is at the forefront

Network Space specialises in regeneration informer coalfield areas,delivering high qualityworkspace and exemplar homes

Track record completed 22 sites, delivering700,000 sq ft of workspace and offices with highoccupancy rates

Network Village will create six sustainable mixed-use developments and deliver a further300,000sq ft of employment space

Methodology

PR consultants will use the following tools to ensurethat Network Space and the Network Village brandwill receive regular media coverage:

Focus on the key messages and benefits toformer coalfield areas

News a regular stream of news releaseshighlighting business success,planningsubmissions, launches and successful

Photo opportunities use photo caption stories.

Surveys/research any research undertaken byNetwork Space can create a new press oppor tunity

Comment opportunities proactively seek ontopics such as brownfield redevelopment,legislation changes,sustainable buildings,accommodation for SMEs

Forward feature opportunities in target areas

Media one-to-ones interviews with key

journalistsAwards submit schemes for awards in orderto profile the success of the company and itsfuture aims

10.3.5 Advertorials

Place stories in regular magazines and newsletters oflocal authorities,Chambers of Commerce,BusinessLinks and RDAs.

1 0. 1 INT RO DU CT IO N

Network Space needs to gain a higher profile atboth regional and national levels in order to promote

the Network Village proposals.The majority ofnetworkcentres are in the East Midlands,Yorkshire andthe North East and consequently this has led to theprofile of Network Space remaining relatively localised.

10.2 AIMS AND OBJECTIVES

10.2.1 Target Audience

The target audience are senior executives anddecision-makers involved in regeneration initiativeswithin the former coalfield areas.This includes EnglishPartnerships regional teams, Regional DevelopmentAgencies,local authorities and property consultantsin regeneration and development.

10.2.2 SMART Objectives

Promote Network Spaces track record and

achievementsRaise awareness of the Network Village concept

Encourage new land opportunities for NetworkVillage sites

Raise the profile of the expertise behindthe brand

Highlight the quality and sustainabilityof the initiative

Highlight involvement of English Partnershipsand the fit with the Governments agenda

10.3 COMMUNICATIONS TACTICS

10.3.1 Direct Marketing

One-to-one appointments,meetings and presentations,

to key executives and decision makers;use of directmail and e-mailers to named individuals;attendingappropriate events in target areas.

10.3.2 Advertising

Targeted advertising in national and regionalmagazines and newspapers will be considered to tiein with events and milestones and direct marketinginitiatives.

10.3.3 Events

Targeted event attendance and sponsorshipoffers opportunities for good public relations viamedia coverage, networking, and promotion ofNetwork Villages.

Network Space corporate events it is proposedto elevate the Matrix Business Village launch inJune 2008 to an event to mark the completion ofthe 700,000 sq ft milestone and further promoteNetwork Villages

Seminars/workshops identify workshops andseminars on regeneration,ho using, mixed-useand sustainable development for speakingopportunities

Property dinners & award ceremonies considersponsoring awards and hosting tables

Boardroom lunches host boardroom lunchesand presentations


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DISTINCTIVEMIXED-USE

DEVELOPMENTDELIVERY OF EMPLOYMENT

SPACE IS AT THE FOREFRONT

PAGE28/29 MARKETING & PR

10.3.6 Literature

All literature is professionally designed incorporatingthe Network Space and Network Village branding:

Network Village vision brochure hasbeen produced to showcase the vision forNetwork Villages

E-Newsletter a four-page newsletter is currentlyproduced on an annual basis. It is proposed toproduce this as an e-newsletter on a morefrequent basis as this is a cost effective waysto reach an audience in a highly targeted,personalised manner.A personalised databaseof senior executives and decision-makers in thetarget areas has been created

Factsheets detailed case studies to demonstratevarious elements and Network Space successsuch as BREEAM ratings and awards

Commencement business plan sets out theareas of operation and delivery plan for the

period to 2015

10.3.7 E-marketing

The proposed use of e-marketing includes thefollowing:

WebsitesA new website www.networkvillage.co.uk hasbeen created using the design and content ofthe Network Village vision document.It hasbeen designed so that it can be updated withnews features

The website www.networkspace.co.uk has a full contentmanagement system andis constantly up-dated

Analysis of the web traffic statistics reports willhelp us to improve website content, graphics andlay-outor add more links to other parts of the sites

Search engine optimisation

Search engine optimisation is an effective way togenerate targeted website traffic through strategic

selection of key phrases,and research shows 60-80%of site traffic originates from search engines.

10.3.8 Budget and Timing

A marketing and PR action plan and budget havebeen prepared.The action plan includes:

Updated and expanded database of key playersfor mail shots and events

Identify range of key events to attend andpossible speak opportunities

Presentation and meeting dates in the diaryfor EP,RDAs and regeneration contacts


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PAGE30/31 RISK ASSESSMENT AND MANAGEMENT

11. RISK ASSESSMENTAND MANAGEMENT

1 1. 1 G OV ER NA NC E

The development process is managed by Langtreeon behalf of Network Space involving highlyexperienced external consultants and managedthrough four stages of reporting:

Initial site assessment carried out to identifythe risks on delivery,timescale, planning, fundingand marketing

Outline project proposal providing a moredetailed assessment

Pre planning report a detailed report preparedprior to submission of the planning application

Posttender report prepared following receipt oftenders and prior to letting construction contracts

On an on-going basis the joint venture partners attendmonthly Operations meetings dealing with assetmanagement and reviewing individual developmentschemes. Board meetings are held quarterly.

Network Space has a strong corporate governanceregime following English Partnerships corporateguidance and subject to annual assessment by theirinternal auditors. Network Space has always receiveda good rating.

1 1. 2 ACQ UISITION

Through a combination of experience and advicefrom external consultants,during the acquisitionprocess risk is managed through the reportingsystem with valuations prepared by externalproperty agents and cost plans prepared by externalconsultants. Legal risk is managed by independentlawyers who draftand negotiate developmentagreements and prepare reports on title.

1 1. 3 CON ST RU CT IO N

Tender process A minimum of four establishedregionally based contractors with a proven trackrecord are invited to tender and normally three outof four are contractors who Network Space hasused before.The tender process and assessmentis managed by an experienced professional team

familiar with Network Space developments.

Post-contract Contracts are normally awardedon a Design and Build basis and are managed byexternal project management consultants who liaisewith the contractors on behalf of Network Space.


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PAGE32/33 MONITORING AND EVALUATION

12. MONITORING AND EVALUATION

12.2 EVALUATION

12.2.1 Overview

Evaluation is the critical examination of projects and

programmes in order to assess the extent to whichthe objectives of intervening have been achieved,additional impacts or changes thatare attributableto the project or programme have resulted,to assessthe extent to which changes were secured in anefficient and costeffective way,and to providelessons for the future. Monitoring data will be oneof the key inputs into any evaluation.

It is proposed that the evaluation of Network Villagesshould comprise two components as follows:

Interim evaluation within the first year followingthe completion of the first few schemes it issuggested that this would be after 2 years; and

Full evaluation an independentevaluation ofNetwork Villages after the first4 years of operation

12.2.2 Interim evaluation

The evaluation will be undertaken in order to assess

the added value of Network Villages.It is proposedthat the evaluation will be based upon a review ofmonitoring data collected to date coupled with astructured interview programme of partners andother organisations.

12.2.3 Full evaluation

A full evaluation of Network Villages will becommissioned after 4 years of operation.Thisevaluation would be undertaken by independentconsultants. It would address a number of keyquestions, including:

The impact of Network Villages;

Causality and attribution;

Additionality and value for money;

Change processes;Effectiveness;

Sustainability and equality; and

Key lessons

12.1 PERFORMANCEMANAGEMENTFRAMEWORK

12.1.1 Introduction

This section provides a framework for the systematic

collection of information in order to measure theperformance of the Network Villages projectin termsof monitoring and its subsequent evaluation.

12.1.2 Monitoring

Monitoring is the process of checking actual progressand comparing this with the plans for a projectwhen it was conceived or promoted.It can providean early warning that things are not going to planand an opportunity to take timely corrective action.Similarly, it can usefully highlight where performanceis significantly better than expected. The partnerstherefore recognise the importance of giving timeand effort to developing and implementing aneffective monitoring system.

Establishing an appropriate framework for the

on-going monitoring of Network Villages will beessential in order to ensure thatpro gress is in linewith the objectives set by the partners. Accordingly,an approach composed of two elements is proposed:

A bottom-up approach based upon theassessment of individual schemes;and

An evaluation of the programme as a whole

Each of the approaches has its advantages anddisadvantages.For example, while the bottom-upapproach can provide a detailed understanding ofthe effects of the key schemes within NetworkVillages and the communities within which itsits,it may be difficult to discern the wider, induced orless tangible impacts.On the other hand,a formalevaluation can provide an overall understanding ofhow Network Villages is performing,albeit thatup-

to-date socio-economic indicators are often notavailable,and it may be difficult to attribute impactsto Network Villages or its elements as opposed toexternal factors.The proposed methodolog y for thisPlan therefore seeks to use both approaches.

12.1.3 Scheme monitoring

A clear and simple performance management

system will be established to collect monitoringinformation for each of the schemes in line withLangtrees standard reporting format for NetworkSpace.This will mean assembling and updatinginformation on each scheme.

This includes:

Finance Report

Lettings and ManagementReport portfoliostatistics, current deals, vacancy summary,enquiry tracking,s pace available

Development Report

PR and Marketing Report

The following reporting arrangements are proposed:

Monthly reports as part of the establishedNetwork Space accounting and reporting cyclefor Operations and Board meetings,focusingon scheme performance; and

An Annual Report,for the joint venture partners for use by both partners in line with their ownexternal communications strategies

In addition,an annual Business Plan and budgetwill be prepared for consideration of the NetworkSpace Board in its normal cycle for these in latespring of each year


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PAGE34/35 WAY FORWARD

13.WAY FORWARD

By Spring 2009:

The first Network Village scheme atMurton will have obtained planning

permission and will be on site.Duringthe process key issues will have beenidentified regarding masterplanning,consultation and costs

Further opportunities for Network Villageschemes will have been identified andwill be under assessment and negotiation

A programme of presentations andmeetings will be underway in the second

phase of target areasIncreased awareness of Network Spacein the target areas and Network Villagesis recognised by stakeholders as aninnovative and sustainable mixed-useregeneration model

The Business Plan outlines the Network Space operational areas in the former EnglishCoalfields regions and outlines the minimum size and type of sites to be considered.

During the course of the business plan it may be necessary to review the business plan

model based on ongoing experience of the planning and development for Network Villages.Property market conditions will be constantly monitored and factored into reviews.

For further information on Network Village please contact:

Network Space Ltd

Centrix HouseCrow Lane EastNewton-le-WillowsWA12 9UY

Tel: 0800 542 0402Email: [email protected]: www.networkvillage.co.uk

This Business Plan has the backing of English Partnerships and Langtree and during the firsttwelve months we will aim to pass the following milestones:

Spring 2008A marketing and PR action plan tobe in place including a programme ofpresentations and meetings with seniorexecutives and decision makers involvedin regeneration in the initial target areas

Summer 2008To have secured planning permission forMurton Network Village with a target forstarting on site by December 2008

Autumn 2008To have completed a programme ofpresentations and meetings with seniorindividuals,key stakeholders and deliverypartners in the initial target areas

December 2008To have identified and agreed terms fortwo further Network Village schemes

Documents

Network Village