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LEARNING |
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learning > the regeneration
project |
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THE REGENERATION
PROJECT |
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The Cardiff Bay
Development Corporation was set up in April 1987 to regenerate the
1,100 hectares of old derelict docklands of Cardiff and Penarth. It
was part of the British Government's 'Urban Development Programme' to
regenerate particularly deprived and run-down areas of British inner
cities.
The mission statement for the regeneration project was:-
To put Cardiff on the International map as a superlative maritime
city which will stand comparison with any such city in the world,
thereby enhancing the image and economic well-being of Cardiff and
Wales as a whole.
Whilst the then Secretary of State for Wales Nicholas Edwards set no deadlines for the life of the
Development Corporation he stated that its main objectives should be
substantially completed within 10 years.
The five main aims and objectives identified for the regeneration
project were: -
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To
promote development and provide a superb environment in which
people will want to live, work and play.
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To
re-unite the city centre of Cardiff with its waterfront.
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To
bring forward a mix of development which would create a wide
range of job opportunities and would reflect the hopes and
aspirations of the communities of the area.
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To
achieve the highest standard of design and quality in all types
of development and investment.
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To
establish the area as a recognised centre of excellence and
innovation in the field of urban regeneration. |
ACHIEVEMENTS OF THE REGENERATION PROJECT
The regeneration of Cardiff Bay was undertaken to create a
complementary mix of Housing, Open Space, Commerce, Leisure and
Industrial Development. The total estimated cost of the scheme was 2.4
billion pounds, with a public/private leverage ratio of 1:2. That is
the government funding was expected to attract double the investment
from the private sector.
Some of the significant achievements of the project included the
construction of a Barrage across the mouth of the Bay to create a
200-hectare fresh water lake, the construction of new homes including
those at Atlantic Wharf and new offices including Crickhowell House
now the home of the National Assembly for Wales. The development also
created commercial and leisure facilities such as those at Mermaid
Quay on the waterfront and the Atlantic Wharf Leisure Village. Many
jobs were also created by the regeneration project.
The Development Corporation was formally wound up on the 31st of March
2000. It was estimated that it had achieved the following: -
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Jobs 16,750 new
jobs
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Housing 4,800 new units |
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Non Residential Developments 695,000 sq metres |
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Open Space 79 Hectares |
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Land Reclamation 327 Hectares |
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Roads Built/ Upgraded 42 Kilometres |
The responsibilities of the Development Corporation were passed to
four successor bodies on 1st April 2000. These are Cardiff Council (including Cardiff Harbour Authority), the Welsh Development
Agency, Vale of Glamorgan Council and the Countryside Council for
Wales.
REGENERATION PROJECT - FACTS AND FIGURES
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Targets set 1987* |
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Development Area |
1,100
hectares (2,700 acres)
Approx. 20% of the City of Cardiff |
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Jobs |
Up to
30,000 |
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Non
Residential
Developments |
1.147
million sq metres |
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Housing
Target |
6,000 homes
(private and social) |
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Investment |
£2.4
billion (public and private) |
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Tourism |
2 million
visitors a year by 2000 |
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Open
Space |
54 hectares |
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Land
Reclamation |
457
hectares |
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Roads
Built/Upgraded |
55.8 km |
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Estimate of Targets Secured 31March 2000* |
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UK
government funding |
approx.
£496 million |
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European
Union funding |
approx £7
million |
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Private
Sector funding |
£1.14
billion (95% original target) |
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Public/private leverage ratio |
1: 2.3 |
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Jobs |
16,750 (58%
original target) |
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Housing |
4,800
(75% original target) |
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Non
Residential
Developments |
695,000 sq
metres (61% original target) |
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Open
Space |
79 hectares
(146% original target) |
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Roads
Built/Upgraded |
42 km (75%
original target) |
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Estimated
Cardiff Bay Development Corporation Expenditure * |
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Barrage |
£203
million |
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Land
Acquisition |
£91 million |
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Roads
and Utilities |
£81 million |
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Land
Reclamation |
£26 million |
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Business
Grants |
£26 million |
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Marketing |
£22 million |
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Landscaping |
£20 million |
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Community and Training |
£14 million |
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Techniquest |
£12 million |
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Visitor
Attractions |
£11 million |
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Barrage
Running Costs |
£5 million |
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Other
Projects |
£2 million |
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TOTAL ESTIMATED EXPENDITURE |
£513 million |
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Estimated Cardiff Bay
Development Corporation Revenue* |
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Public
Sector Funding |
£444
million |
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Net Land
Disposals |
£56 million |
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ERDF/WDA
Grants |
£9 million |
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Interest
and Rebates |
£4 million |
TOTAL ESTIMATED
REVENUE |
£513 million |
* Data
source: Cardiff Bay Development.
The
Cardiff Bay Development Corporation was formally wound-up by the
National Assembly for Wales on
31 March 2000.
It is estimated that approximately 80% of its targets have been
achieved and those remaining will be overseen by 5 successor
bodies:
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Welsh Development Agency |
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Cardiff
County Council
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Public Open Space.
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Highways and Drainage Infrastructure.
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Maintenance and Monitoring of Tremorfa.
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Frag Tip and former Ferry Road Tip.
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Completion of development projects in progress but not
completed by 31/3/00.
Strategic responsibility for future economic, social and
environmental regeneration.
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Cardiff Harbour Authority
(To be undertaken by Cardiff County Council) |
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Operation of the Barrage.
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Management of the
Inland
Bay and Outer Harbour.
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Groundwater Protection.
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Waterfront Assets, such as
the
Oval
Basin and
Graving Docks.
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Vale of Glamorgan Council |
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Penarth Dock Walls.
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Open Spaces, including Marconi Roundabout.
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Foul and Surface Water Infrastructure.
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Strategic responsibility for future economic, social and
environmental regeneration.
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Countryside Council for Wales Gwent Levels Birds Reserve.
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