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Economic Growth & Employment creation

Economic Growth
Economic growth
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By creating a scheme that is community-led, funding will mainly be self-sustaining through the regeneration and construction of current and new private sector businesses such cafes, restaurants and general stores. These new businesses will create a large amount of jobs and job opportunities This will improve the economy in the area and as a result businesses are likely to thrive resulting in the potential for more jobs to be created thus improving the opportunities for the people of Newham.  
Types of jobs created
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The plan focuses on secondary and Tertiary economy as a result there will be a diverse number of jobs available upon completion of the site, ranging from: 
  • Bartending
  • Waitering
  • Retail
  • Gardening
  • Office space
  • Brand marketing space
  • Market space
  • IT
  • New CEOs
Rebranding the area
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The vision is for the area to become a creative hub and becoming the place to start up a business in East London. The site will no longer be a derelict area, but rather a business and cultural hub, where people come to enjoy their free time, work, study and live. 
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How this will be achieved

​Create affordable spaces for new businesses, reducing the risk of the start up process, the affordable spaces will mean the businesses is more likely to be profitable this could translate into the creation of more jobs, fits into the new trend of people wanting to run there own businesses, the established businesses that is wanted will create jobs potentially put a 20% requirement for the people of Newham, is unique to surrounding developments, the creation of restaurants, bars and retail units will create jobs for the local community. Also by having achievable but places where success seems to happen will show the local community that success is achievable for them and that Silvertown is the best place to achieve it.

Sector Involvement

Sector Involvement

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Diagram of the overall impacts of each sector

Because of the nature of this scheme, it will be implemented and carried out through a mainly community-led plan. This means local authorities, residents, stakeholders and businesses alike can come together to produce a scheme that is driven by local needs. In this sense, the site will be funded through a 'Community Development Trust', where the aim is to become self-sustaining through income generation of holding assets. This therefore will mean that the private sectors local businesses will be engaged upon in order to produce a sustainable income that will help to regenerate the rest of the site over the years. Ideally, there would be no public sector funding, however it is unrealistic that the site will be up and running without help from the public sector, and therefore a small portion of the site will likely be funded through governmental support. 

Linking physical and social regeneration benefits

Physical and social benefits

Cultural Markets

The green spaces around both Silo D and Millennium Mills will be linked to more cultural aspects of regeneration, by allowing weekly community ownership to use the land for things like cultural markets and festivals. These will help to integrate more cultural activities and knowledge to a wider group of people. Market tents will be set up by the local community, and can be purchased for a low price to those that wish to sell goods and services. In regard to COVID-19, markets will be socially distanced through the use of one-way systems and limited people at one time.

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Example of the weekly cultural market that will be set up on the public green space

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Active Waterfront

In order to activate the waterfront, things like water sports and boat rides will be incorporated. These will help to maximise the use the docks within the site whilst also encouraging social interaction. The finger dock next to Silo D will be the main entrance to active the waterfront, where people can book slots for different water-focused activities. This will be maintained during and after the COVID-19 pandemic through washing equipment after every use and only allowing a certain number of people on at once.

Example of the water sports that could be incorporated with the active waterfront

Community Participation Advantages & Limitations 

Community Participation

When it comes to Community-Led Plans, it is essential to consider both the advantages and the limitations of such a scheme. Therefore below is a list of both pros and cons for CLPs:

Advantages

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  • Creates a sense of ownership

  • Locals more knowledgeable about the area

  • Minimizes corruption from major companies

  • Funding goes back into the community

  • Establishes trust and cohesiveness

  • Build beneficiaries confidence

Limitations

  • Time consuming (long planning process)

  • Organizing a community is difficult 

  • Number of facilitators is limited

  • Community knowledge of construction is generally limited

  • Limited number of labourers

From this it is clear that there are both adequate advantages and limitations that come with the implementation of Community-Led Plans, however the strengths of CLPs are far more significant than the limitations. Notably, they are more psychological than physical advantages, however with the rewarding psychological benefits also comes physical benefits, for example a beneficiary that has designed and built their own home will feel a sense of pride that comes with it, and therefore want to build it to the highest quality possible. 

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On the other hand, the limitations of CLPs aren't nearly as significant, however must still be considered and there are some things that can be done to avoid them. The long planning process is due to the fact that the plan must compliment everybody's needs and agendas which can take a long time to get right. Organizing and maintaining community involvement is a difficult task but can be mitigated by appointing head members to keep track of everybody's progress. The limited number of facilitators and labourers can be avoided by contacting them beforehand pre-planning process to get them involved as soon as possible. 

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Community involvement is key, however is not exempt from the rules of socially distancing. Due to COVID-19, all community-led meetings will be required to meet with masks and at socially distanced tables. Only the essential number of people needed should be in one place at one time.

Phases of Development

Phases of Planning & Development

Planning phase: â€‹

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Stage 1: Raising awareness. 

- Secure public support through advertising 

- Spreading the word through media 

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Stage 2: Planning process

- Should include views from local community and local stakeholders

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Stage 3: Community engagement 

- Get ideas from all sections of the community 

- Use of questionnaires 

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Stage 4: Prioritising key themes

- Establish focus groups

- Agree on what is most important 

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Stage 5: Draft plan

- Should be consulted on with local community

- Make any changes that are deemed necessary 

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Stage 6: Final plan

- Final plan should compliment everybody's individual input

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Stage 7: Implementation of plan

- Implement plan through local funding and group consultation

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We see this project happening in different phases.

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Development phase:

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Stage 1: Land clearance

- Land will needs to be cleared in order to be used

- Pipes and drainage put in place 

- Roads, cycle lanes and pathways will be smoothened out

 

Stage 2: Transport Infrastructure

- Railways will be regenerated and added to improve connections

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Stage 3: Commercial scheme

- Promote job opportunities that will be on site

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Stage 4: Community improvements

- Public spaces incorporated to encourage community interaction

- New retail stores added to improve footfall

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