“Flybe ‘up for sale’ weeks after profit warning”

“Flybe is reported to have put itself up for sale less than a month after issuing a dramatic profit warning.

The regional airline is expected to say on Wednesday that its board is exploring a sale or a merger with a rival, according to Sky News.
Last month, the airline warned full-year losses would reach £22m due to a combination of falling consumer demand, a weaker pound and higher fuel costs.

The airline’s shares have fallen by almost 75% since September.

The Exeter-based airline is now valued at around £25m, far below the £215m it was valued at when it floated on the stock exchange in 2010.

Stobart Group – which pulled out of a bid to buy Flybe earlier this year after the airline rejected its offer – could be a possible purchaser, according to Sky.

Flybe, whose roots date back to 1979, has 78 planes operating from smaller airports such as London City, Southampton and Norwich to destinations in the UK and Europe.

It serves around eight million passengers a year, but has been struggling to recover from a costly IT overhaul and has been trying to reduce costs.
Last month, Flybe’s chief executive Christine Ourmieres-Widener said it was reviewing “further capacity and cost-saving measures”.

“Stronger cost discipline is starting to have a positive impact across the business, but we aim to do more in the coming months, particularly against the headwinds of currency and fuel costs,” she said at the time.

The airline is due to issue its interim results on Wednesday. The company declined to comment on the sale reports.”

https://www.bbc.co.uk/news/business-46203183

Local Enterprise Partnership – Partnership: Arise Wessex! Or maybe not …!

Below is a comment on an earlier post:
https://eastdevonwatch.org/2018/09/16/greater-south-west-local-enterprise-partnership-partnership/

reprinted here as it raises some interesting questions, raised by David Daniel, who so eloquently spoke about the unrealistic expectations of our LEPs growth strategy to a largely uninformed and disinterested majority of Conservative councillors at DCC recently:
https://eastdevonwatch.org/2017/11/30/watch-eda-councillor-shaw-and-budleigh-resident-david-daniel-make-most-sense-on-lep-strategy/

This now seems to be the THIRD such trial marriage of various south-west LEPs. None of them seem to be made in heaven ……….

“WESSEX here we come!

English devolution is a mess, whether it will evolve into anything sensible is uncertain.

A third of people living in England outside London live in one of England’s nine combined authorities, six being cities with directly elected mayors. These are corporate bodies formed of two or more local government areas to enable decision-making across boundaries on issues that extend beyond the interests of any one individual local authority, like strategic transport planning.

Our nearest is the West of England Combined Authority of: Bristol; North Somerset; Bath and North East Somerset; and South Gloucester. The Government has encouraged the creation of these structures in order to provide the economic scale needed for devolution. These are on the fast track.

County identities are medieval in origin but they continue to lurk in our consciences. We identify with them democratically and historically. The focus of the Coalition 2010 white paper that set devolution in progress was to create administrations based on economic functional areas rather than regions. This has set in train a conflict between perceived economic necessity and community identity and democracy. A few Local Enterprise Partnerships (LEPs) followed county boundaries eg Cornwall and Scilly, and Dorset, but most did not. Some even overlapped.

Following on from the combined authorities, which are all centred on what one might describe as metropolitan areas, we are beginning to see the creation of new concepts by the combination of LEPs into “power” groupings such as the Council of the North, Midlands Engine, Oxbridge Corridor etc.

We now have the Great South West Partnership of: Heart of the South West (HotSW), Cornwall and Isles of Scilly, and Dorset LEPs. Or do we? The reason I add a question mark is because not very long ago (April to be exact) we had the Great South West Partnership comprising FOUR LEPs, including Swindon and Wiltshire “working together” to agree the next steps in implementing the recommendations of a report on Productivity. We were also told that GFirst (Gloucester) and West of England (Bristol) LEPs were also taking an active interest.

In his first interview on Somerset Live the new HotSW Chief Executive, David Ralph said “We’ve set a really big ambition about doubling the size of the economy in this area over the next 30 years.”

https://www.somersetlive.co.uk/news/somerset-news/everything-you-need-know-local-1872023

Previously the target had been to double the economy in 20 years. When I asked for clarification I was told it was a mis-speak, not a change of policy to something slightly more realistic.

So who knows where we are going?”

Stuff that “growth” – Devon, Dorset and Somerset best places to retire to!

Top 10 best places for retirement

Prudential analysed data in 55 counties in England and Wales to come up with its retirement ranking for 2016 (research lag).

West Sussex
Dorset
East Sussex
Isle of Wight
Norfolk
Devon
Worcestershire
Oxfordshire
Somerset
Shropshire

…”if you were looking to move to an area which has the highest number of similarly-aged denizens, Dorset is the place, with some 28% of the 422,000 people living in the county are aged over 65. …”

https://www.which.co.uk/news/2018/09/revealed-the-best-places-to-retire-in-england-and-wales/ – Which

Greater Exeter Strategic Plan: consultation about consultation and Skinner has a pet project other councils are ignoring

Correctiin: headline changed from Diviani to Skinner as it is assumed it is new Deputy Leader who wants a sports venue. Well, he is known to be a rugby fan!

“The vision is about to start to decide specific issues in October, with the aim to prepare a draft plan for consultation in the summer of 2019 after the local elections.” …

For the GESP area, 2,600 homes a year are needed, meaning over the 20 years of the plan to 2040, around 57,200 new homes will be built. …

[Here follows a masterpiece of shooting down Diviani’s idea for a “major sporting venue” ncely!]

“In previous discussions regarding the GESP, the Deputy Leader of East Devon District Council has put forward the idea of developing a regionally or nationally significant sports arena and concert venue within the GESP area.

The consultation does not specifically refer to this concept as work in understanding the need for such a facility and how it could be delivered are at an early stage as it is focusesd at high level issues and does not talk in any detail about specific proposals.

It is however considered that the consultation asks about public aspirations for the delivery of infrastructure thus enabling respondents to raise the opportunity for such a facility and make suggestions for what it would be. …”

https://www.devonlive.com/news/devon-news/could-57000-new-homes-exeter-1948541

Is YOUR village on the EDDC list for expansion? And another east/west divide

East Devon District Council Strategic Planning Committee are going to discuss:

“Principles for accommodating the future growth needs of East Devon”

on 4 September 2018.

The Committee are being asked to endorse

“The proposed principles for growth” as the basis for future discussion and consultation on accommodating extra growth in the district.”

The document is described as the “start of the debate” for future East Devon growth points for both the GESP (The Greater Exeter Strategic Plan) and the East Devon Local Plan review, which is required to be updated within the next two years.

For the last few years East Devon District Council have achieved their own Local Plan agreed target of 950 dwellings per year. (EDDC Target is 17,100 dwellings between the years of 2013 to 2031).

Recently Central Government decided to calculate each District`s housing requirement targets on a set matrix. East Devon’s build out figure has been set to be 844 homes per year. However, the report suggests that rather than achieve the Government target of 844 new houses per year there is a proposal to build out much higher levels of growth.

The report explains that the objective of higher growth could be achieved by what is called a “Growth Deal” with Central Government where a group of Councils agree to build more housing in return for infrastructure investment from central funds.

This proposed “Growth Deal” is being prepared by the Councils of East Devon, Exeter, Teignbridge and Mid Devon through the “GESP” Greater Exeter Strategic Plan.

It is recognised that Exeter is unable to provide the housing land required to sustain the expected growth of the city, and the rural areas and towns in the rest of the combined area will be required to increase their housing requirements in exchange for the infrastructure improvements for access to and from the city of Exeter.

Improvements to the motorway junctions, new roads, extra park and rides, rail improvements, new stations and an integrated transport system are all identified as priority improvements to overcome the already chronic delays on Exeter`s transport network. There are also aspirations for a “sports hub and concert venue” for Greater Exeter to be included in the GESP infrastructure needs.

The report gives a brief synopsis of the towns in East Devon and concludes that other than the new town of Cranbrook there is limited scope for growth due to the various towns’ proximity to the AONB designated areas, or they are bordering on the coast or close to flood plains.

The conclusion from the report is that the existing towns will only accommodate minimal growth, and with two-thirds of East Devon being included in the AONB of the Pebblebed Heaths or the Blackdown Hills the only area that can accommodate substantial growth is within the North West part of the district.

The report describes this area as the Western most quadrant of this district to the North of Exmouth and West of Ottery St Mary. The land is described to benefit from being relatively flat with no landscape designations. It is also well served by main roads with good vehicle access via the M5, A30, A3052 and A376 and has good existing public transport links with the railway line and existing bus routes.

There are 3 possible ways described as to how development could be achieved in this area.

1. Establish a further new town. Basically, create another Cranbrook. However, the report considers that the creation of another new town in the area could harm the delivery of Cranbrook.

2. Establish a number of new villages. Create a series of modern Devon villages but the report considers that this option would be most damaging in landscape terms.

3. Centre Growth around Existing Villages.

Growth would be required to be substantial with around 400 to 500 extra homes to be added to a number of existing villages (The report does not state how many villages will be required within this area). However, this could harm the character of the village and the existing community.

The new NPPF acknowledges that:

“The supply of a large number of new homes can often be best achieved through planning for larger scale development such as new settlements or significant extensions to existing villages and towns, provided they are well located and designed, and supported by necessary infrastructure and facilities.”

A list of the Parishes within the expansion area for extra housing area

By referring to a map of the area these are the Parishes(villages) which are within the West of the district which could have development of between 400 to 500 extra dwellings, parishes identified could be:

Nether Exe
Rewe
Brampford Speke
Upton Pyne.
Stoke Canon ​

All these Villages are North of Exeter and access is by way of the A377 – which is not listed as one of the featured roads, so it is unlikely these will be included.

Broadclyst
Clyst Honiton
Sowton
Rockbeare
Wimple.​

These Villages are close to Cranbrook and therefore unlikely to be selected to avoid the villages and town merging.

Clyst Hydon
Clyst St Lawrence
Aylesbeare
Marsh Green

These Parishes are remote from a main road or railway station which probably eliminates them because of their unsustainable location.

Lympstone

This Village is already designated in the report to provide growth for Exmouth.

This leaves the following Parishes most likely to be included for further expansion in the proposals:

Poltimore
Huxham
Clyst St Mary
Clyst St George (includes the village of Ebford)
West Hill
Woodbury​ (includes the village of Woodbury Salterton and Exton)
Farringdon.

The “Principles for Growth” which the committee are being asked to agree to:

• A significant proportion of growth to be in the Western part of the district by either a new town or extending a number of villages or building new villages.

• Plus, modest growth in existing towns with strategic growth around Axminster, Exmouth (including Lympstone), Honiton and Ottery St Mary.

• All other Villages to be encouraged to provide modest growth through their Neighbourhood Plans.

• Focus development on main transport corridors if possible.

Conclusion:

For the last few years, East Devon has successfully complied with the government`s Housing Strategy, with their current Local Plan and at present build out rates, this will over subscribe the Government Building Target until the year 2031.

The Government is not forcing East Devon to co-operate with Exeter to provide some of their housing needs. This decision is totally at the discretion of the District Council and their leaders.

Yes, Exeter is a thriving growth city, and it is recognised that the road and rail connections are dire, but why destroy the character of a part of East Devon for these improvements?

The very reason people choose to relocate to Exeter, its surrounding towns and villages is the beautiful Devon countryside; the building of a mass of new housing will simply make the area a mirror image of the existing areas the people are wanting to move away from!

So, to satisfy the aspirations and needs of the City of Exeter, the rural west area of East Devon will be required to build many more houses with either another new town or new villages or building an extra 500 houses to a number of existing village communities.

Will the Strategic Planning Committee endorse this proposal or not?

“The bigger the question, the less we are asked”

Owl says: he is behind the times – just about everything that we pay for is now decided “behind closed doors”. Examples: Local Enterprise Partnership, Greater Exeter Planning Strategy, local Clinical Commissioning Group. All our money and all decided in secret.

“… A striking example is the government’s plan for an Oxford-to-Cambridge expressway. A decision to which we have not been party, which will irrevocably change the region it affects, is imminent. The new road, says the plan, will support the construction of a million homes.

To give you some sense of the scale of this scheme, consider that Oxfordshire will have to provide 300,000 of them. It currently contains 280,000 homes. In 30 years, if this scheme goes ahead, the county must build as many new houses, and the infrastructure, public services and businesses required to support them, as have been built in the past 1,000. A million new homes amounts, in effect, to an Oxford-Cambridge conurbation.

But none of this is up for debate. By the time we are asked for our opinion, there will be little left to discuss but the colour of the road signs. The questions that count, such as whether the new infrastructure should be built, or even where it should be built, will have been made without us.

The justification for this scheme is not transport or housing as an end in itself. Its objective, according to the National Infrastructure Commission, is to enable the region “to maximise its economic potential”. Without this scheme, the commission insists, Oxford and Cambridge and the region between them “will be left behind, damaging the UK’s global competitiveness”.

This reasoning, you might hope, would prompt some major questions. Is continued growth, in one of the wealthiest regions of the world, desirable? If it is desirable, does it outweigh the acceleration of climate breakdown the scheme will cause? When air pollution already exceeds legal limits, are new roads and their associated infrastructure either appropriate or safe? And are we really engaged in a race with other nations, in which being “left behind” is something to be feared?

But these questions are not just closed to debate. They are not even recognised as questions. The megalomaniacs with their pencils, the rulers with their rulers, assume that their unexamined premises are shared by everyone. …

By imposing this decision, the government ignores its legal obligations. It has failed to conduct a strategic environmental assessment before the corridor decision is made, as the law insists. Under the Aarhus convention, public participation must begin while “all options are open”. But neither people nor law can be allowed to disrupt a grand design.

This is not democracy. This is not even a semblance of democracy. Yet the consequences of such decisions will be greater than almost any others that are made, because they are irreversible. The bigger the question, the less we are asked.”

https://www.theguardian.com/commentisfree/2018/aug/22/project-britain-debate-oxford-cambridge-expressway

Older people are NOT unproductive

EDDC’s CEO (rapidly approaching retirement age) was once heard to call the district’s retired people “unproductive” …

“Countries could economically benefit from people living longer and should invest more in health to raise life expectancy, a think-tank has urged.

The International Longevity Centre said that as people live longer productivity also increases, in terms of ‘output’ per hour worked, per worker, boosting the economy.

Improving health and ensuring that people live longer should therefore be a key goal for governments, the analysis, based on OECD figures from 35 countries [see graph below], said.

According to the analysis, Iceland, which has one of the healthiest populations in the world, has an employment rate of 83% for 60 to 64-year-olds. This compares to the OECD average of 48.9%.

Ben Franklin, assistant director for research and policy at the think-tank, said that as raising life expectancy results in improved productivity, countries will also be able to collect more taxes from the people in work.

He said: “Public policy and economic forecasters should consider how best to take into account the potential fiscal benefit of better health and not neglect it in discussions of our long run sustainability.”

The report said that the findings are particularly important amid “many debates about long run government spending” where health spending is seen as a “drain on fiscal resources”. …”

https://www.publicfinanceinternational.org/news/2018/08/economic-benefits-people-living-longer-says-think-tank