Moirai Capital sacked in Swindon

“Ambitious plans to build a ski slope, an arena and hotel on the North Star site have been given a last minute reprieve with the involvement of Seven Capital Investments. In December [2016], development firm Moirai Capital was served with notice that Swindon Borough Council intended to call time on the project after repeated delays and unfulfilled commitments.

Seven Capital Investments Ltd, which is also one of the UK’s leading private capital funders, has agreed in principle to acquire control of Moirai Capital Investments in order to take forward plans to transform North Star with more than £100m of investment.

Currently managing a development portfolio of more than £800 million, Seven Capital has been responsible for major property investments across the country and has identified the North Star development as an ideal opportunity for it to invest in the leisure market.

Seven Capital’s interest in the regeneration project comes after the Council served Moirai notice of its intention to terminate the development agreement covering the former Clares site, which had been earmarked for an indoor ski slope, water park, hotel and other leisure and sports-related retail.

Moirai was given until 12 January 2017 to fulfil the terms of the notice or see the development agreement terminated. But following the proposal by Seven Capital, the Council has today (11 Jan 2017) withdrawn the notice of termination.

The plans for the North Star development include a cinema, 5,000-seat entertainment arena, ski centre, range of leisure activities, restaurants and cafes, retail space and a hotel.

A period of due diligence will now be carried out by both the Council and Seven Capital which, if successful, will see the Council’s Cabinet consider whether to approve the proposal.

Seven Capital has indicated it would also work with Moirai on the Oasis site.

If Seven Capital’s proposals are supported by Cabinet, detailed planning proposals could be submitted later this year.”

http://www.ozseeker.net/2017/01/22/seven-captial-resucues-swindons-north-star/?doing_wp_cron=1487023081.3896689414978027343750

Registered voters in East Devon – time for an update?

Remember our campaign to find out why at least 6,000 voters were lost in East Devon? Here are EDDC’s current figures:

Electorate (People registered to Vote)

February 2013 104,274

February 2014 103,254

January 2015 102,849

January 2016 108,502

Strange that during the period that Cranbrook was developed and residents started moving in, figures went down every year. After EDW highlighted discrepancies – and after Returning Officer appeared before a Parliamentary committee to explain himself – (he preferred telephone registration over the advised check-up canvassers) there was a sudden jump in registrations.

EDW looks forward to seeing the figures for January 2017 very very shortly – in good time for DCC elections in May 2017.

“Offshore wind “could be cheaper than nuclear power” (And doesn’t require untold billions in decommissioning costs)

Nuclear power station on your doorstep or wind turbines on the horizon? Easy-peasy for our LEP – with its vested nuclear-interest businessmen on its board!

“Offshore windfarms could provide cheaper power than Britain’s new wave of nuclear power stations, a leading figure in the wind industry has claimed.

Speaking to the the Guardian, Hugh McNeal, the chief executive of trade body RenewableUK, said he expected that offshore windfarms would secure a deal with the government lower than the £92.50 per megawatt hour agreed with EDF for £18bn Hinkley Point C.

“I wouldn’t be surprised if it [offshore wind] cleared Hinkley prices,” he said of the bidding for a £290m-a-year government subsidy pot in April. The auction is under a scheme known as contracts for difference, which offer generators a guaranteed price for their electricity above the wholesale price. A 35-year deal with EDF was agreed last year.

McNeal, a career civil servant who joined RenewableUK from the now abolished Department of Energy and Climate Change last year, was upbeat about the future of offshore wind.

“I don’t think there’s any doubt about the political commitment of any party, apart from perhaps Ukip, to offshore wind. I think it’s got an incredibly healthy future,” he said.

Construction of offshore and onshore windfarms in the UK was responsible for €12.7bn (£11bn) of investment in 2016, or nearly half the year’s financial activity for new wind power in the EU.

The industry has also been buoyed by recent figures showing the price of offshore wind power had fallen by nearly one-third since 2012 to £100/MWh, a crucial milestone as the government will only continue to subsidise the technology if costs go down.

But McNeal said the decision by ministers to end onshore windfarm subsidies had been hard for the industry. The building of new turbines on land is expected to largely grind to a halt after next year.

Green energy subsidies are paid through energy bills, but MPs said last week that government efforts to communicate the impact on consumers had been “shambolic.” McNeal said he found the focus solely on the cost of new low-carbon power “a little bit odd” given the other factors driving energy price rises.

Three of the UK’s big six energy suppliers have announced price increases as their costs have risen, the bulk of which are higher wholesale prices. “We are perhaps a little bit overexposed to global markets over which we have no control, which fluctuate over time,” McNeal said.

Government officials should do more to spell out all the costs of energy to consumers, he added. The impact of renewable energy subsidies on bills has previously been broken down, but the effect on bills from subsidies to coal power stations for providing backup power, for example, are not.
However, McNeal defended the Conservative party, arguing it was unfairly derided as anti-renewables. “We have to actually just look at what’s been achieved,” he said.

“I’m not saying to you that there isn’t a challenge around the [Conservative] onshore wind manifesto commitment; of course there is. But the record is still a pretty remarkable one.”

Renewable energy supplies one-quarter of Britain’s electricity, he said, compared with a marginal amount before the 2010 general election, when the first of three Conservative-led governments came to power.

McNeal would not be drawn on whether Labour’s energy policy, which is pro-renewables and pro-nuclear, but would ban fracking for shale gas, was credible. But he said questions of energy supply should be depoliticised.
“I don’t think it’s my job to tell any party what its energy policy should be. Let’s just take the heat out of all this,” he said. “I just don’t think it does anyone any good to be in public fighting between different forms of technologies.”

Despite saying last year that new onshore windfarms in England were “very unlikely”, McNeal suggested the technology would come back because it was so cheap. “I don’t think onshore is done at all. I think onshore wind has a terrific future in our country,” he said.

McNeal said he was confident that wind power in the UK would thrive after Brexit, even though the industry’s growth had so far been driven in part by binding EU renewable targets for 2020.

“The idea that we need a separate European package [of support] – that would be the crucial thing that would drive our industry – we don’t need that now,” he said, adding that the sector would win on market terms.
© 2017 Guardian News and Media Limited or its affiliated companies. All rights reserved.”

https://www.theguardian.com/business/2017/feb/12/uk-offshore-wind-will-lower-energy-bills-more-than-nuclear?CMP=Share_iOSApp_Other

“Lack of interest sees Exmouth Mayor’s Ball cancelled”

The Mayor of Exmouth, Councillor Brian Cole, said: “Due to a lack of support, I regretfully have to announce that the 2017 Mayor’s Ball has been cancelled. Despite receiving support from local businesses, there has not been enough interest to enable me to ensure that I could hold the ball without running at a loss.

http://www.exmouthjournal.co.uk/news/lack_of_interest_sees_exmouth_mayor_s_ball_cancelled_1_4883355

Might it also be that many people in Exmouth are none too happy with the council and the Mayor’s recent decisions and therefore feel unable to support their extra-curricular activities?

Newcastle consults on transfer of parks and allotments to new charitable trust

“Newcastle City Council is to consult on a new funding, management and maintenance model for 33 of the city’s parks and allotments.

The proposal, if implemented, would see Newcastle’s parks and green spaces (comprising more than 400 hectares of land) remain the property of the city council but day-to-day responsibility for funding, managing and maintaining them transferred to a charitable trust.

The council has been awarded £237,500 by the Heritage Lottery Fund (HLF) to test the approach.

This money will be used to: construct a business case and legal structure for the trust to operate the council’s parks and allotments; and if implemented, put the governance in place and deliver training to the new trustees, staff and volunteers.

The HLF has, together with the Big Lottery Fund, already invested more than £12m to restore and upgrade the city’s parks. It has been calling on local and national government, communities and businesses to explore innovative ways to fund and maintain public parks.

Newcastle said the scheme had been designed “to help tackle the financial challenges facing the local authority, where park budgets have been dramatically reduced”.

It pointed out that parks were not a statutory service for local authorities but many recognised their vital importance to the health and well-being of local communities.

The city council is working alongside the National Trust to deliver the project. The authority will also explore whether an endowment could be put in place to support the proposed trust, and is required by the HLF to share its findings about the scheme with other councils.”

http://localgovernmentlawyer.co.uk/index.php?option=com_content&view=article&id=30024%3Anewcastle-consults-on-transfer-of-parks-and-allotments-to-new-charitable-trust&catid=58&Itemid=26