Article Abstract:
The UK property industry has generally responded favourably to the government's new approach to the Private Finance Initiative (PFI), which had been seen as too bureaucratic under the previous Conservative administration. The changes to the PFI made by the Labour government have served to revive this initiative, and more projects are being planned. The private sector is now in a position to select projects to which it can add value and to concentrate its resources in areas where success can be maximized.
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Article Abstract:
The Bank of England has opened an office in Nottingham, which has been seen as a gesture of confidence in the East Midlands. At the former Boots Printing Works in Nottingham, Capital One, a US credit card company, is opening a European call centre, with finance from English Partnerships. Work is also continuing at the Island Business District site for a new BBC television and radio centre. Tourism and leisure are important earners for the city and the retail expansion is continuing.
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Article Abstract:
Joint projects between housing associations and private developers offer much opportunity but need a patient and understanding approach. The two sectors are not natural partners, but development ground rules are changing. Mark Oliver Homes is undertaking a 160 home scheme in Batley in close cooperation with Kirklees metropolitan council. Such schemes are not only in greenfield sites, but also in inner city major regeneration projects.
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