Future High Street Fund – success for Kidderminster and Woolwich

Kidderminster town centre and Woolwich town centre successfully receive funding from the Future High Street Fund (FHSF). 

On behalf of Wyre Forest District Council, Volterra presented the economic case behind the council’s bid to secure investment funding from the government-backed Future High Streets Fund (FHSF) that would aid in the regenerative development of Kidderminster Town Centre. We are delighted to announce that the funding request has been fully accepted, with £20.5m being granted to support the transformative objectives set out in the council’s core vision, including improved linkages around the town centre, public realm investment, and diversification of uses in the town centre. This is expected to be a major boost to the local economy, which is much needed in response to the damaging economic effects of the pandemic.

Volterra also worked with the Royal Borough of Greenwich to similarly present the economic case enabling the council to revitalise Woolwich town centre. Once again, the case proved to be a success, as the council managed to secure provisional funding from the FHSF worth £17.2m, thus enabling them to make tangible progress in rejuvenating a high street strongly affected by the COVID-19 pandemic.

Further reading:
Government press release: (link: https://www.gov.uk/government/news/830-million-funding-boost-for-high-streets

Guardian article: (link: https://www.theguardian.com/business/2020/dec/26/high-streets-england-recovery-fund)

Image: Woolwich High Street Kleon3 via Wikimedia

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ALEX O’BYRNE

Associate

e: aobyrne@volterra.co.uk
t: +44 020 8878 6333

Alex O’Byrne, Associate at Volterra, is an experienced economic consultant specialising in economic, health and social impact, economic strategy, project appraisal and socio-economic planning matters.

Alex has led the socio-economic and health assessments of some of the most high profile developments across the UK, including Battersea Power Station, Olympia London, London Resort, MSG Sphere and Westfield. He has significant experience inputting to EIAs and s106 discussions as well as drafting economic statements, employment and skills strategies and affordable workspace strategies.

Alex is also experienced at economic appraisal for infrastructure. He was project manager of the economic appraisal for the City Centre to Mangere Light Rail in Auckland. He also led the economic and financial appraisals of the third tranche of the Transport Access Program for Transport for New South Wales, in which Alex developed and employed innovative methodological approaches to better capture benefits for individuals with reduced mobility.

He is interested in the limitations of current appraisal methodologies and ways of improving economic and health analysis to ensure it is accessible to as many people as possible. To this end, Alex recognises the importance of transparent and simple to understand analysis and ensuring all work is supported by a robust narrative.

Alex holds a BSc (Hons) in Economics from the University of Manchester and he was a member of the first cohort of the Mayor’s Infrastructure Young Professionals Panel.

ELLIE EVANS

Senior Partner

e: eevans@volterra.co.uk
t: +44 020 8878 6333

Ellie is a partner at Volterra, specialising in the economic impact of developments and proposals, and manages many of the company’s projects on economic impact, regeneration, transport and development.

With thirteen years experience at Volterra delivering high quality projects to clients across the public and private sector, Ellie has expertise in developing methods of estimating economic impact where complex issues exist with regards to deadweight, displacement and additionality.

Ellie has significant experience in estimating the economic impact across all types of property development including residential, leisure, office and mixed use schemes.

Project management of recent high profile schemes include the luxury hotel London Peninsula, Battersea Power Station and the Nova scheme at London Victoria. Ellie has also led studies across the country estimating the economic and regeneration impact of proposed transport investments, including studies on HS2 and Crossrail.

Ellie holds a degree in Mathematics and Economics from the University of Cambridge.