ROADHIGH WEST

A shortlist of potential partners chosen

NEWS • SEPTEMBER 2016

BUSINESS

News

The council is currently in the process of selecting a development partner to work with the council and the community to deliver the High Road West Regeneration Plans.As part of this process the council has recently selected six developers to take through to the next stage of the selection process.The shortlisted companies are:• Barratt Developments PLC• Countryside Properties UK Limited• Lendlease Development Limited• Linkcity (Bouygues)• Stanhope PLC• Taylor Wimpey UK Limited

A final decision on the partner for this development will be announced by mid 2017.

The partner chosen will help deliver your aspirations for the area with high quality new homes, modern community facilities, improved employment opportunities and a safe, welcoming neighbourhood.

To find out more about the plans for High Road West visit www.tottenham.london/Highroadwest

Find out more www.tottenham.London Tottenhamregeneration@haringey.gov.uk

High Road West Regeneration Timeline2016 – 2017 Secure a development partner

2017 – 2018 Develop a planning application

2018 – 2019 Start building new homes

2020 Onwards The new High Road West neighbourhood starts being built

The Opportunity Investment Fund (OIF) is a £3.67m business loan fund jointly provided by Haringey Council and the Mayor of London. The OIF helps businesses to create or improve work space, purchase machinery or production equipment, generate new jobs and invest in training for existing staff in Tottenham.

Loans are available for capital works including building refurbishment, equipment but not for revenue purposes such as salaries or to pay off other loans.

Who should apply?

The fund is open to both existing businesses and start-ups. We are interested in businesses that want to grow and create high quality employment with good opportunities for career progression.

We want the Opportunity Investment Fund to give businesses

the chance to showcase their products and services at the next level, helping businesses to achieve their full potential.

What are the loan size and terms?

Loans are negotiable but typically £100k with competitive interest rates repayable over several years. Additional funding from other sources is desirable but not essential.

A full package of support

Alongside OIF funding we have created a full package of business support. Businesses that occupy new offices and workspaces can apply for 30% discount on their business rates, lasting three consecutive years. This could mean a saving of up to £5,000 per year.

Business support advisers are also on hand to assist with your application and other business needs.

case study

The Mill Co Project“The main thing about the fund is to free up some capital in a straightforward way. Bank borrowing can be very difficult. It’s also structured in a way that does work for the organisation – so there is a bit of flexibility there. For small organisations the payments can be structured in ways that are properly manageable for them. You’ve also got organisations that might not be able to borrow from banks so that’s where the OIF can be really useful.”

Nick Hartwright, founder and of The Mill Co Project

To date, £835k has been loaned out which will create 51 new jobs and deliver 33,000 ft2 of commercial space with over £2m still available to lend – could you be next?

To find out more visit www.tottenham.london/OIF

You can also email tottenhamregeneration@haringey.gov.uk or call 020 8489 2695.

Albion Knitting Co Ltd Redemption Brewing Co. Ten87 Studios

Find out more www.tottenham.London Tottenhamregeneration@haringey.gov.uk

THE OPPORTUNITY INVESTMENT FUND Low interest rates and support to thrive in Tottenham