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SALFORD PENDLETON PFI IN DOUBT AS GOVERNMENT SLAMS COSTS
 

Star date: 19th February 2013

A Salford Star Exclusive

PENDLETON NOT TOGETHER - SP+ £430MILLION REGENERATION IN DOUBT 

The £430million regeneration of Pendleton has stalled again, with the Government refusing to sign off the project, citing a lack of value for money to the taxpayer.

Salford Council's other PFI projects – for high schools and an SEN centre – will end up costing up to four times their initial capital costs, and the Government has now drawn the line, telling the Council and its partner, the consortium SP+, to `assess alternative financing options'.

Full story here…


PENDLETON PFI DOUBT PENDLETON PFI DOUBT PENDLETON PFI DOUBT
PENDLETON PFI DOUBT PENDLETON PFI DOUBT PENDLETON PFI DOUBT
PENDLETON PFI DOUBT PENDLETON PFI DOUBT PENDLETON PFI DOUBT
PENDLETON PFI DOUBT PENDLETON PFI DOUBT PENDLETON PFI DOUBT
PENDLETON PFI DOUBT
click image to enlarge

The massive regeneration of Pendleton has been put into doubt following the Government's refusal to sign off the multi million pound deal, citing a lack of `value for money to the taxpayer'.

The Pendleton regeneration, known as Pendleton Together, aims to refurbish1200 homes, and build 1600 new homes - only 500 of which are to be affordable - while demolishing 885 properties in the 500 acre area of Pendleton. It also promises new `green spaces' and `community facilities'.

According to Government data, the PFI credits for Pendleton total £79million over thirty years, which would have cost tax payers anything up to four times that amount by the end of the contract.

The `Salford High Schools' PFI began with costs of £37.9million. But the total cost by the end of the 25 year contract will be £152.8million.

The `Salford SEN Project' PFI began with costs of £17.6million. But the total cost by the end of that 25 year contract will be £63.4million.

Now the Government is telling Salford Council that `the terms offered by the preferred bidder's proposed lenders were above rates offered by other lenders in the market', and the Treasury has asked the Council and its preferred bidder `to assess alternative financing options'.

The total £430million regeneration scheme, led by consortium SP+, has already cost Salford Council well over £1million clearing people out of their homes,in places like Athole Street, Apple Tree Court and Peach Tree Court, from a total budget of £12million.

In one financial year, 2011-12, the Council spent £3,639 on `meetings' with the community. It also spent over £819,621 on project teams and consultants, including `financial advisors'.

Residents told the Salford Star they were informed that work would start on affordable housing to replace their existing homes at the end of February this year. That now seems highly unlikely, as SP+, led by Together Housing Group, looks for alternative, cheaper finance.


* The Salford Star has been trying for three days to get a response from Pendleton Together, and its partners, the Together Housing Group, Keepmoat and Salford Council.

* The SP+ consortium was to be funded by the Together Housing Group, Allied Irish Bank, Nationwide, Co-operative Bank, plus Salford Council PFI credits.

* For further details on the Pendleton regeneration see the Pendleton Together website – click here

* See previous article on Pendleton regeneration - click here

paul Hudson wrote
at 12:37:47 AM on Saturday, February 23, 2013
well I got a responce to what is going on still doesnt answer the questions that need answering though. “Discussions are continuing with the Government about funding solutions, which have delayed part of the £430 million investment in Pendleton. “We are working closely with the Government and are hopeful that we can reach agreement so the people of Pendleton will see their area transformed for the better. “The council remains totally committed to ensuring the plans go ahead for the people of Pendleton. “We will do everything in our power to make sure there are no unnecessary delays. We want to see the dreams of the people of Pendleton finally become reality. “The good news for residents is that they will start to see the construction of around 300 new homes by the end of March. “We also expect to see the homes refurbishment programme start this summer. This involves renovating 1,253 properties, including the area’s nine tower-blocks, with new kitchens, bathrooms and windows. “We will continue to keep residents updated when we get more concrete information from the Government.”
 
Bernard wrote
at 12:38:55 PM on Friday, February 22, 2013
I see the Council stooges (Not king) are reading the Salford Star site. The only obvious thing is that the council are trully rattled when their propaganda people have to resort to making such ridiculous comments.
 
paul Hudson wrote
at 7:54:00 AM on Friday, February 22, 2013
@Do they care A long wait...its been 8 years of waiting now I for one dont want to wait any longer but like a lot of folks have no choice because we cant afford to move. One way or another the council can not leave the properties in the state they are in they are to meet thier decent homes targets oh and of course my last statement is just wishful thinking i guess...
 
Kevin Jones wrote
at 2:22:59 PM on Thursday, February 21, 2013
@Not king, that might be how you manage the public using media manipulation but have you ever thought that out of all the people in Salford just a few might be a bit pissed off with how the council run the city? No? That's right your thicker than you appear.
 
Do They Care? wrote
at 10:33:28 AM on Thursday, February 21, 2013
Its another nightmare on the fast approaching horizon. The list of failed projects litter both Central and East Salford. Plots of land are sitting aimlessly awaiting a developer,whilst the pain of uncertainty carries on for those unlucky residents who are affected. Higher Broughton,Lower Broughton Langworthy,Whitlane all awash with square plots that no one wants. People in Pendelton need to be aware of the "Long Wait" they have ahead of them. Social Landlords need to start enacting plan B (If they have one) and invest in there properties now.Those who were happy to court the media with the "good news" need to come out and speak to the people of Pendelton and make them aware of the what is occurring. The local Councillors need to become more proactive in finding out what the future holds and when? Meanwhile the Mayors "Train" carries on whistling through these disasters, and all including the "Train Driver" are choo chooing along, ignoring the waste of good housing, good communities and good people, to create WHAT? All I see are gated communities,and apartments. Where is the mix of development that adds vibrancy, restaurants, pubs,cinemas etc? In Manchester or the Quays that's where! The gap between wages and new house prices is still widening and younger people are being priced out of the local markets. You keep saying that its for the people of Salford, but its not. You have had these plans up your sleeves for decades and yet because of your inadequate, inept approach to "planning" its a MESS. Not one person has been held responsible for any of these cock ups and in fact it seems people get promoted in this city for failed ventures.Do They Care?
 
Salford Star wrote
at 8:22:46 AM on Thursday, February 21, 2013
See Kevin Smith's comment below...Just to confirm, this article is 100% accurate, the Government has refused to sign off the PFI because it was too expensive. Where that leaves the regeneration is anyone's guess as the Council is refusing to comment - even though it had a press release ready for release on Monday night. If it's any help, we've been hounding Cllr John Merry on Twitter and he's tweeted to us `I know everyone is working very hard to make it happen. Important for the community if it can be made to work'. Make of that what you will. If anyone manages to get any info out of Pendleton Together please let us know...
 
paul Hudson wrote
at 6:49:17 AM on Thursday, February 21, 2013
Not King who are you to say that these replys are all one person? I can assure you im a real person who lives in Salford....infact you can see a picture of me and write up regarding the bedroom tax in the next few days. Im not afraid to put my face to my mouth seems you are.....
 
kevin smith wrote
at 6:49:12 AM on Thursday, February 21, 2013
so is it true pfi has had a knock back
 
Michael Felse wrote
at 6:48:47 AM on Thursday, February 21, 2013
PFi was highlighted in the Mayoral campaign last year as a high cost risk to Salford. The Mayoral Alliance team gave out news on why the risk was a danger, now proven by the Salford Star article. The risk to Salford was refuted by elected Labour Councillors. Is Mr Mayor going to apologies to me and my team and agree other candidates had the PFi danger better identified. Will Labour say they are sorry to all the people of Salford that will suffer under the disastrous news when we all end up paying exuberant interest on the new finance option. Will Labour confirm they need to cut museums, libraries and reduce services just to scratch the surface of paying the PFi interest. Mr Mayor should resign and go to the public vote to see what we think of the disastrous record of Labour in Control of Salford's Interest. A sad day for Salford with more to come.
 
bens wrote
at 4:34:44 AM on Thursday, February 21, 2013
the very reason I left Salford last year,salix and the council will NEVER do what's right for the people and leave you hanging on I lived in a salix home for 12 years and they where always quick to put up the rents but not quick to do repair or they have no intention of regenerating Salford it will be ran down as much as possible until they sell it off to private developers.
 
ANTI-POLITICIAN wrote
at 4:34:26 AM on Thursday, February 21, 2013
Not King . Which clowncillor are you ? Or which overpaid executive ? Which taxpayer-robber are you ? I am delighted that the Salford Star , and readers comments , are having such a positive impact . Well done Salford Star . Shame on you , Salford Clowncil .
 
mary ferrer wrote
at 2:05:20 PM on Wednesday, February 20, 2013
And who are you "Not King" At least I have the bottle to put my name to any of my comments. Wheres your balls then???????????
 
Michael Felse wrote
at 2:05:08 PM on Wednesday, February 20, 2013
Salford heading for an iceberg, if the District Auditor imposes Cllr surcharges this will become interesting.
 
Salford Star wrote
at 2:04:37 PM on Wednesday, February 20, 2013
See Not king's comment below... You cheeky f*cker - how dare you insult our readers. What the hell would be the point of us putting our own comments up? Never done it and never will unless we're answering points raised in comments, or slagging off dickheads like you... who, incidentally, is too much of wimp to actually put your real name or email address. This stinks of vested interests trying to discredit the Star. So why don't you provide your real name and email address? The words `spin' and `doctor' come to mind...
 
Not king wrote
at 1:56:05 PM on Wednesday, February 20, 2013
Stephen, you really are going to have to learn to adopt some different voices for your fake, planted comments under each of your stories. Try and vary it a bit, it's becoming terribly obvious.
 
mary ferrer wrote
at 4:09:11 PM on Tuesday, February 19, 2013
This Council can't get anything right. They closed Jr schools and built brand new sparkly ones, only one problem this daft council didn't get the figures right. They did their homework after the last brick was put down.I remember asking had they looked at the birth rates,answer was "we are now doing that"this was just before they opened Willow Tree.Not looking at value for money with this latest fiasco comes as no surprise. I feel so sorry for the people of Pendleton who had great hopes for their future. I just hope it works out.
 
worker wrote
at 4:08:19 PM on Tuesday, February 19, 2013
What do the council pay Scary Spicer such a high wage for? Scary and her overpaid colleagues should if they were up to the job, have seen that this PFI was once again an expensive excursion for the council. Broken promises for the electors once again! Where is the Mayor's leadership!
 
Wink, wink wrote
at 1:02:46 PM on Tuesday, February 19, 2013
So basically the council and their partners were being overcharged, and nobody at the townhall knew this? It's either incompetance or ignorance whichever you pick someone has to go, let's start at the top. The way to find out who is responceable for the shambles is to line them all up and shake their hands one at a time, which ever one has a funny handshake is the one that needs to go.
 
Douglas wrote
at 10:27:04 AM on Tuesday, February 19, 2013
I remember it was decided last June that Salix was starting to go under, partly because of the extra burden that this PFI is imposing on the Housing Revenue Account, leading to the need for an 'options appraisal' for Salix. Surely the burden can only go up, if there are further delays.
 
Paul wrote
at 8:56:11 AM on Tuesday, February 19, 2013
Why am I not surprised the PFI has been a total cock up since the voting forms...guess ill pay over the odds for a sub standard flat...wooden window frames that let in the cold right now I wished I didnt live in Salford :/
 
Some Beans wrote
at 7:00:44 AM on Tuesday, February 19, 2013
I've got some magic beans I'd like to sell Salford Council, if they've got a spare £200million...
 
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