News

Read about all the latest developments from the world of Volterra below. If you want to stay in touch with us sign up for our newsletter.

HS2 Stoke Route in the news

HS2 Stoke Route in the news

Volterra’s work on the economic benefits of a HS2 Stoke route (first published in October) continues to make the headlines in anticipation of the Government’s final decision later this year on whether HS2 will change from a route via Crewe to one via Stoke. Our report concluded that an HS2 station in Stoke-on-Trent would result in a step change in employment and productivity in the city of a much greater magnitude that could be achieved by a Crewe station located outside its town centre. Volterra’s senior adviser Bridget Rosewell gave interviews on the subject for both BBC Radio Stoke and Signal Radio last week, and the proposals continue to make headlines in regional and national press (for full reportage see here). Read our latest press release here.
Volterra Promotions and Opportunities

Volterra Promotions and Opportunities

We’re delighted to announce some promotions within the Volterra team. Kieran Arter, who joined us last year following ten years’ experience working as a transport economist is now an Associate, whilst Lucy Dean who has worked with us since graduating from Oxford in 2013 has accepted a position as Senior Consultant. We’re also currently recruiting for a graduate economist position and accepting expressions of interest for summer internships. Read more about opportunities at Volterra here.
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Report prepared by Volterra Partners for TfL and TFGM calls for transport funding reform

Transport for London and Transport for Greater Manchester recently commissioned Volterra to produce a report looking at long term investment in transport in cities. The report investigates how the current approach to evaluating and funding transport projects is likely to lead to ‘damaging underinvestment’ and calls for more devolved decision making capabilities for cities giving them more control over the planning and building of new transport infrastructure. The report highlights a mismatch between central government’s ambition to boost jobs growth and economic prosperity in cities and the current system used to prioritise transport investment and funding. Transport is crucial to a city’s potential that in turn drives the economic growth of the country. The report goes on to recommend a new focus on a transport project’s ability to create jobs and growth and how this will pay back any original investment. The report has been met with support by other city and transport leaders from Birmingham, Leeds and Sheffield. Read the full report here.
Northern Line Extension gets the green light

Northern Line Extension gets the green light

Volterra, led by Bridget Rosewell, advised on the case for Transport for London’s Northern Line Extension (NLE) to Nine Elms and Battersea. The project was given the go-ahead by the Secretary of State for Transport earlier this month. Bridget was responsible for providing the Economic and Business Case. Her analysis showed that the NLE has the potential to deliver economic benefits worth up to £7.9 billion to the UK Economy, including 25,000 new jobs and 16,000 new homes. Overall the project has a Benefit to Cost Ratio of over 8.1 – representing excellent value for money. Bridget was also called up as an expert witness to provide evidence at the NLE public enquiry last year.
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Planning permission granted to new hotel development in Finsbury Square following Volterra Report

Permission was granted earlier this month for The Montcalm Hotel Group to convert the Royal London House in Finsbury Square to a 256 room hotel. Islington Council initially refused planning consent as they did not want to lose office space and stated that a hotel would compromise the economic function of the area. Volterra were brought on board to challenge this judgment and assess the potential benefits the hotel could bring to the local economy. Read more here.
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Bridget puts QE ‘In the balance’

Volterra’s Bridget Rosewell was featured on BBC World Service’s In the Balance programme earlier this month in a programme where economics correspondent Andrew Walker led a discussion on whether or not Quantitative Easing has worked in the USA. Bridget talked of how she feels QE was essential in the first instance and greatly helped in stabilising the US economy, but warns of how it is an ‘addictive drug’ and the process of ‘getting off it’ will be difficult. Listen to the programme here, or download a podcast here.
HS2 Stoke Route – Better, cheaper, faster and greener

HS2 Stoke Route – Better, cheaper, faster and greener

Volterra has central role in developing the stunning business case for HS2 the Stoke Route – which was launched in Westminster on the 15th October. The Stoke Route has been developed by a partnership of top consultants commissioned by Council to make the case for an HS2 station between Birmingham and Manchester at in the city, the only major conurbation between Birmingham and Manchester.
Impact of the Night Tube on London’s Night Time Economy

Impact of the Night Tube on London’s Night Time Economy

The team at Volterra produced the figures which underpinned Transport for London and London First’s report on the impact of the Night Tube on the night time economy in London. The findings indicated that the Night Tube will support 1,965 permanent jobs in the night time economy, and that there could be time savings of up to an hour on some routes.
Paul Buchanan speaks at the RTPI 2014 Planning Convention

Paul Buchanan speaks at the RTPI 2014 Planning Convention

Paul's central argument is that economic growth is coming primarily from cities. We have been witnessing this trend for the last 50 years and it looks as if it will continue. The dominance of cities is increasing in population terms and even more so economically. The planning industry needs to be thinking about how they can accommodate such dramatic growth in our cities.

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