Companies approved to deliver Graven Hill vision

Ownership of the UK’s largest self-build housing project will be transferred to a new company which has been established with the sole purpose of delivering the scheme.

At a meeting of Cherwell District Council’s executive yesterday (Monday, 16 June), councillors agreed to create the Graven Hill Village Holding Company, to be wholly owned by the council and its subsidiary the Graven Hill Village Development Company; the companies will be responsible for delivering housing and growth at the former Ministry of Defence (MOD) site.

The creation of the companies will enable the council to undertake commercial trading activity lawfully via them while retaining control of the site as opposed to selling to a private developer.

Cllr Barry Wood, leader of Cherwell District Council, said: “Under the Localism Act 2011, local authorities can only carry out commercial trading activity through a company. As such, we had to consider numerous options including selling to a private developer, appointing a partner or forming our own company.

“After putting together an extensive business case, councillors have agreed the latter is the best option to ensure our vision is achieved.

“By following the company formation route we will be meeting the requirements of the Localism Act while retaining control of the site. Delivery through a company gives the council the independence to ensure the vision is achieved yet offers the flexibility to bring in additional investment and development partners who want to work with the council to realise its vision. In turn, it will also allow the council to use the profits from developing this site and reinvest them throughout the district.”

The Graven Hill Village Holding Company will be 100 per cent owned by Cherwell District Council. As an umbrella organisation, it will have various subsidiaries beneath it, including the Graven Hill Village Development Company which will focus on delivering the Graven Hill vision of 1,900 self-build homes and subsequent infrastructure across the 187 hectare site.

This will include the creation of up to 2,000 new jobs and apprenticeships across one million square feet of commercial space, a primary school, pub/ restaurant and local shops.

Contracts with the MOD have been exchanged allowing the council to purchase the site and once this sale is completed within the next few weeks, the site will be immediately transferred to the development company. This body is 99 per cent owned by the holding company with the council retaining the remaining one per cent.

The development company will feed into the holding company which in turn will be accountable to Cherwell, its executive councillors and a partnering board consisting of elected members, holding company directors and council officers.

The boards of both the holding company and the delivery company will be comprised of council officers and elected members in unpaid roles.

Bicester is becoming a hot bed for new and existing businesses that want to grow.

“Bicester is becoming a hot bed for new and existing businesses that want to grow. We’ve got a great location, excellent business networks and access to high quality investment opportunities.”

2016-09-24T12:44:28+01:00

“Bicester is becoming a hot bed for new and existing businesses that want to grow. We’ve got a great location, excellent business networks and access to high quality investment opportunities.”

https://www.bicestervision.co.uk/testimonials/bicester-is-becoming-a-hot-bed-for-new-and-existing-businesses-that-want-to-grow/

Membership of Bicester Vision has provided the best possible conduit for the military

"Membership of Bicester Vision has provided the best possible conduit for the military to both understand and contribute towards the development and Bicester Town"

2016-12-06T14:46:03+00:00

"Membership of Bicester Vision has provided the best possible conduit for the military to both understand and contribute towards the development and Bicester Town"

https://www.bicestervision.co.uk/testimonials/membership-bicester-vision-provided-best-possible-conduit-military/

Being a member enables us to build a close understanding of the needs of local businesses

“Chiltern Railways provides fast, frequent train services from Bicester North station and the newly opened Bicester Village station to London, Birmingham, Oxford and key locations in between. Being a member of Bicester Vision enables us to build a close understanding of the needs of local businesses and helps us to shape our future growth strategy.”

Stephen Barker, Chiltern Railways

2016-12-07T09:04:34+00:00

https://www.bicestervision.co.uk/testimonials/member-enables-us-build-close-understanding-needs-local-businesses/

We have a profound interest in the progress of the Town

“The Bicester Chamber of Commerce and Bicester Vision have a profound interest in the progress of the Town and understand that in some circumstances the continual increase in the numbers of houses and businesses will cause disquiet, to individuals and existing business alike. Change is always with us, and both the “Chamber” and “Vision” endeavour to keep the standards from the past while facing, and working, with the challenges of the future.”

Peter Cox, Chairman of Bicester Chamber

2016-12-07T09:07:17+00:00

https://www.bicestervision.co.uk/testimonials/bicester-chamber-commerce-bicester-vision-profound-interest-progress-town/

The primary objective for Bicester Vision is to provide opportunities for job creation

"The primary objective for Bicester Vision is to provide opportunities for job creation and this supports a key commitment within our Local Plan to deliver employment in line with housing. As a designated Garden Town, Bicester is expanding at the pace so it is essential to attract the inward investment and businesses who will be vital to this success. Through our membership with Bicester Vision, we can work with partners and existing businesses to access to additional channels, resources and innovative ideas to help us to achieve our goal as a district of opportunity and employment."

Karen Curtin, Commercial Director (Bicester) , Cherwell District Council

2016-12-07T09:10:34+00:00

"The primary objective for Bicester Vision is to provide opportunities for job creation and this supports a key commitment within our Local Plan to deliver employment in line with housing. As a designated Garden Town, Bicester is expanding at the pace so it is essential to attract the inward investment and businesses who will be vital to this success. Through our membership with Bicester Vision, we can work with partners and existing businesses to access to additional channels, resources and innovative ideas to help us to achieve our goal as a district of opportunity and employment."Karen Curtin, Commercial Director (Bicester) , Cherwell District Council

https://www.bicestervision.co.uk/testimonials/primary-objective-bicester-vision-provide-opportunities-job-creation/

The County Council is a key partner in delivering infrastructure for housing and employment growth in Bicester

"The County Council is a key partner in delivering infrastructure for housing and employment growth in Bicester. Essential to that is the close working across all tiers of government and the private sector to enable all Bicester businesses to prosper and create job opportunities for the community. The Council has been a founding member and has seen the work of the partnership play an active role in shaping a flourishing Bicester."

Lisa Michelson, Locality Manager , Oxfordshire County Council

2016-12-07T09:30:32+00:00

"The County Council is a key partner in delivering infrastructure for housing and employment growth in Bicester. Essential to that is the close working across all tiers of government and the private sector to enable all Bicester businesses to prosper and create job opportunities for the community. The Council has been a founding member and has seen the work of the partnership play an active role in shaping a flourishing Bicester."Lisa Michelson, Locality Manager , Oxfordshire County Council

https://www.bicestervision.co.uk/testimonials/county-council-key-partner-delivering-infrastructure-housing-employment-growth-bicester/

Bicester Town Council has been part of Bicester Vision since its inception

"Bicester Town Council has been part of Bicester Vision since its inception and are pleased to be able to work alongside the business community and all tiers of local government to make Bicester the ‘go to’ place for business opportunity."

Sue Mackrell, Bicester Town Council

2016-12-07T09:44:43+00:00

https://www.bicestervision.co.uk/testimonials/bicester-town-council-part-bicester-vision-since-inception/

Through our work with Bicester Vision we are able identify the development needs of the town

“Ziran Land and its predecessor Stockdale Land has found that working closely with the business community of Bicester has enabled us to successfully develop Pioneer Square Shopping Centre and now to develop Franklin House, which was completed in 2016. The growth of Bicester enables us, through our work with Bicester Vision, to identify the business, retail and leisure development needs of the town and to work closely with the business community to provide these.”

John Liggins, Managing Director, Ziran Land Limited

2016-12-07T09:47:00+00:00

https://www.bicestervision.co.uk/testimonials/work-bicester-vision-able-identify-development-needs-town/

Bicester Vision is an effective way for interested parties to collaborate

"Bicester Vision is an effective way for interested parties to collaborate. We have recently worked with Lisa Rawlings at Banbury and Bicester College as being an industry partner for Bicester Technology studio school and supporting them on the curriculum, equipment specification, and funding. As well as facilitating other 3rd Party Logistics firms like DHL to be involved, Solar panel contact via the Low Carbon Hub to support on the building design for sustainable construction."

Steve Thornton, Director UK Logistics & Supply Chain, BRITA UK

2016-12-07T09:49:31+00:00

"Bicester Vision is an effective way for interested parties to collaborate. We have recently worked with Lisa Rawlings at Banbury and Bicester College as being an industry partner for Bicester Technology studio school and supporting them on the curriculum, equipment specification, and funding. As well as facilitating other 3rd Party Logistics firms like DHL to be involved, Solar panel contact via the Low Carbon Hub to support on the building design for sustainable construction."Steve Thornton, Director UK Logistics & Supply Chain, BRITA UK

https://www.bicestervision.co.uk/testimonials/bicester-vision-effective-way-interested-parties-collaborate/