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Paul Buchanan article for Journal of Urban Regeneration and Renewal

Paul Buchanan article for Journal of Urban Regeneration and Renewal

Volterra Partner and leading Economist on transport and infrastructure Paul Buchanan has written a piece for the Journal of Urban Regeneration and Renewal.  Paul's article Transport, land use and economics is featured as one of many papers discussing urban regeneration and renewal in a complex climate. The publication is the essential peer-reviewed journal for all professionals concerned with physical, economic and social regeneration of urban communities. It publishes in-depth articles and real world case studies on the latest strategy, policy making and current and best practice in the field. You can read more about the journal and indeed purchase it at Henry Stewart Publications. 
Planning permission granted for Build to Rent development in Edinburgh

Planning permission granted for Build to Rent development in Edinburgh

Grosvenor has been granted planning permission for its Build to Rent (B2R) scheme in Springside, Edinburgh. Volterra authored an Economic Impact Report which outlined the social and economic benefits of the scheme and the benefits of B2R schemes in Edinburgh more generally. The scheme will provide up to 400 residential units; building these units specifically for rent allows for accelerated delivery of high quality residential units which increases the vibrancy of the local area and encourages further development. High quality B2R accommodation is a viable alternative to homeownership, which is becoming increasingly unaffordable in Edinburgh, and to traditional rental accommodation. Provision of such high quality accommodation is crucial to ensuring the people and businesses continue to be attracted to locate in Edinburgh, and contribute to its large knowledge economy.
Major upgrade of Bank Tube station gets the green light for work to begin

Major upgrade of Bank Tube station gets the green light for work to begin

The Mayor and Transport for London (TfL) have announced that work to dramatically transform and improve Bank Tube station will begin in the new year after the plans were given the go-ahead by Government. The £563m upgrade, commencing in April, will increase the busy station’s capacity by 40 per cent, improving accessibility and reducing interchange times when it is completed in 2021. The majority of construction work will take place behind the scenes with the station remaining open to customers. Volterra prepared the Wider Economic Benefits case for Bank station in 2014. In this we set out the benefits of increasing station capacity, not simply as more comfortable journeys for commuters, but in terms of enabling additional development and economic growth around Bank station.  In areas of high growth and high productivity, transport capacity constraints can impose large economic costs. Nick Brown, Managing Director of London Underground, said: “Improving Bank station is at the heart of our multi-billion pound investment programme to improve and expand the Tube. This critical and ambitious station upgrade will create a new southbound Northern line railway tunnel and platform to vastly reduce interchange times. A new station entrance on Cannon Street will also be constructed alongside a range of other major improvements to create more direct routes, improving accessibility for the millions of Tube customers who use Bank station each year.” Image: provided by London Underground.
Bridget Rosewell writes paper for Montrose Journal

Bridget Rosewell writes paper for Montrose Journal

Volterra's Senior Adviser and leading Economist Bridget Rosewell has written a paper for the Montrose Journal: Winter 2015. Strategic Intelligence and advice. You can read the journal titled New Routes: To prosperity or conflict? Bridget's article 'Financing Infrastructure: who foots the bill? ' is a fascinating look at the context and necessity for infrastructure for economic growth.
Planning permission granted for new luxury West End Hotel: Peninsula London

Planning permission granted for new luxury West End Hotel: Peninsula London

Joint venture partners, Grosvenor and The Hongkong and Shanghai Hotels (HSH) Ltd, have been granted planning permission for their application to build a luxury hotel (the Peninsula London) and prime residential units at 1-5 Grosvenor Place. Volterra were brought on board to outline the economic case for the development which is expected to support over 2,000 jobs in the wider economy.  Partner Ellie Evans says “This represents a unique opportunity for London: HSH aim to operate one Peninsula hotel in every global city and have been looking for a suitable location in London for over 25 years. The development will help to retain and enhance London’s reputation as one of the world’s best cities to visit, ensuring that the Capital’s visitor economy continues to be an engine for UK growth.”  You can read more information about the venture here. Image: Hyde Park Corner by S Pakhrin licensed under CC BY 2.0 
Planning permission granted for Nova Place and Nova East, Victoria

Planning permission granted for Nova Place and Nova East, Victoria

Nova Place and Nova East make up part of Land Securities’ wider masterplan for the Victoria Transport Interchange 2 (VTI2). Volterra outlined the economic benefits of the developments, which together are expected to support approximately 1,500 jobs in the wider community and provide over 40 residential units. The economic benefits were received positively by Westminster City Council, who granted planning permission to both developments at a planning committee meeting this week. Senior Consultant Lucy Dean says “This is an important development for Westminster, providing much needed office space in the borough. Sufficient office space is crucial for Westminster to maintain its strong economic growth in the future; this is important not just for Westminster’s economy but for the London and national economy too.” You can read the planning committee report here.  
Driverless Cars...closer than you think

Driverless Cars…closer than you think

In October this year Volterra Partner Paul Buchanan spoke at the Urban Land Institute’s conference Driverless Cars and the City.  The conference explored the implications for cities, mobility and the possible changes to urban realm. It was aimed at complementing initiatives delivered by Greater London Authority and London Transport Museum across the following themes: Challenging the current thinking of how Driverless Cars will impact urban realm Future autonomous transport systems – will they make urban mobility better or worse? Emerging and anticipated technology – 3D movement modelling and city implications How Driverless Cars could reshape the city scape Precedents and city opportunities from current trials Real Estate and insurance implications Leading economist and transport specialist Paul Buchanan spoke about Economic, planning and investment policy implications. Paul’s priorities were managing road-space, the impact on Buses, Pedestrians and Cyclists and Legislation. In a lively discussion there was much debate about linking data, smart cities and systems and making them all work together. You can read a full report detailing what was discussed here.  Image: Red Line Metro in Dubai by Tim Adams is licensed under CC BY 2.0
Volterra part of Arriva’s successful rail franchise bid team

Volterra part of Arriva’s successful rail franchise bid team

The government announced today that it intends to award the Northern rail franchise to Arriva Rail North Ltd. This will see a transformation of rail travel in the North through a £1bn investment programme. The government announced today that it intends to award the Northern rail franchise to Arriva Rail North Ltd. This will see a transformation of rail travel in the North through a £1bn investment programme. Volterra provided ongoing economics support to Arriva throughout the bidding process. This included a comprehensive ‘backcasting’ review where we examined the suitability of standard industry tools in forecasting rail demand, and used research and statistical analysis to improve the approach. We also forecast the impact of many of Arriva’s proposed improvements on future demand and revenue, and developed a framework for demonstrating the socio-economic benefits of the franchise. Read more about it here. Image: DSCN2495 by Jeremy Segrott licensed under CC BY 2.0
Bridget Rosewell announced as Commissioner for National Infrastructure Commission

Bridget Rosewell announced as Commissioner for National Infrastructure Commission

Volterra partners Paul Ormerod, Paul Buchanan and Ellie Evans are delighted to announce Bridget Rosewell's appointment as Commissioner on the independent National Infrastructure Commission. On Friday 30th October at the National Railway Museum in York George Osborne announced Bridget Rosewell as one of the seven highly experienced Commissioners to work with Lord Andrew Adonis. The new National Infrastructure Commission has been set up by Chancellor George Osborne as an independent body to provide unbiased analysis of the UK’s long term infrastructure needs, with the goal of ensuring that the country invests more effectively and efficiently in infrastructure in the future. Volterra's extensive work furthering the debate supporting transport and city infrastructure to enable change and growth ensures that Bridget will make an invaluable contribution in this post. The Volterra partners would like to congratulate Bridget on this exciting appointment and look forward to continuing to make the case for effective investment in infrastructure, across the country, to support a much needed growing and balanced economy.
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