Hereford Futures

Hereford Futures

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This includes up and coming projects such as the football ground, the Higher Education Centre and the Buttermarket.

Hereford Futures secures significant private investment in Hereford, such as the £80M Stanhope development, and leads contractual negotiations on the Council’s behalf. It also includes investments well under way, such as the Flood Alleviation Scheme which removes hundreds of existing homes and businesses from regular flooding and enables redevelopment of many city centre sites.

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Hereford Future

30/08/2013

Unfortunately, this page will no longer be managed by Hereford Futures and will be handed over to Herefordshire Council.

We would like to know how you would like to see this page managed in the future:

a. should the page be taken down
b. should the page be managed by the council
c. should the council post on its own Facebook account about Hereford Futures related topics

Your feedback will be much appreciated.

Photos 08/07/2013

Hereford Cattle Market development

03/07/2013

Rumours that Futures has commented on the Council's bypass proposals are wrong. Apparently, there was a slip-up on the Council's website regarding LDF Core Strategy consultation replies.
Futures has no involvement in the bypass project and, therefore, won't be commenting.

Old Market 3rd June 2013 04/06/2013
Photos 30/05/2013
23/05/2013

Changes to the way regeneration in the city is co-ordinated

Changes are being made to the way Herefordshire Council supports economic development in Hereford. Council funding to Hereford Futures, the city development company which has successfully secured over £100M of investment in Hereford, is to be reduced. Revenue funding will be halved for the current financial year and the company’s Blackfriars Street offices will close by the end of June.

The Council will see through the remaining elements in the development programme, including the construction of the planned Link Road and Urban Village by using in-house expertise and resources. Jonathan Bretherton, CEO of Futures will remain through to next spring to oversee the completion of the Old Market scheme and support the council on various projects including the marketing of the Urban Village and the Link Road CPO.

Cllr Roger Phillips explained that the council hopes to retain the expertise and experience of the Hereford Futures board. He said:

“The Hereford Futures board has brought valuable commercial expertise into the county. In the latest budget round we have had to look very hard at all of our funding decisions. Though times are hard in terms of public funding, the council has made the creation of jobs and homes a priority. With the Old Market site secure and other key regeneration projects well under way, now is the right time to co-ordinate all the council’s regeneration work within the council.

Jonathan Bretherton said “securing the construction of the 310,000ft retail and leisure scheme with Stanhope and British Land is a major achievement of which all concerned can be very proud. I am confident that Hereford will enjoy continued success on the back of this investment.”

Hereford Futures is the successor company to ESG Herefordshire which was established in 2006 with a brief to regenerate 100 acres of central Hereford. The name of the company was changed to Hereford Futures in 2010 when the company’s remit was enlarged to encompass the whole of Hereford and its environs.

The company led the design, CPO and planning of an innovative Flood Alleviation Scheme which opened in April 2012, on budget and ahead of programme. The scheme has since saved an estimated £3M of flood damage to existing properties. The £4.5M construction cost was funded by Advantage West Midlands and protects over 100 existing homes, businesses and city infrastructure, including the A49 trunk road. The scheme has paved the way for a planned 800 home Urban Village and other commercial development.

Hereford Link Road. In 2010, the company secured planning consent for a £27M Link Road with construction planned to start in 2014, providing access to future development sites, transforming cross-city communications and pedestrian connectivity with the historic city core.

Plans for a refurbished Buttermarket were also developed and are currently being considered by Herefordshire Council.

Since its inception, the company has received approximately £2.27M in core funding from Herefordshire Council which has allowed the company to successfully drive forward a £multi-million programme. With £90M private funding secured by the company to date and at least £15M more in the pipeline, Futures has returned £46 of private investment for every £1 spent on the company by council taxpayers.

Riverside Training 23/05/2013

Riverside Training Based in Hereford and Somerset, we offer work-based learning through nationally accredited qualifications that meet the needs of individuals and businesses.

22/05/2013

The steel frames are going up quickly now. As well as Debenhams, the cinema building has started to take shape. You can see it to the left of our new cover photo, or better still, take a look from the Tesco car park.

21/05/2013

My Granddad doesn't like Piri Piri Chicken...but my Nando’s.

Nando's, Hereford, opening 2014

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Hereford