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HDV | The rise and fall of the CCURV: Croydon’s experience of regeneration by a joint-venture co.

Croydon’s CCURV was wound-up in 2016

THOSE with an interest in urban regeneration – and in the experience that might inform the similar approach currently taken by the Haringey Council Cabinet – may wish to note the rise and fall of the Croydon example.

Croydon Council set up a Local Asset Backed Vehicle called the Croydon Council Urban Regeneration Vehicle (CCURV) that had similar goals as the Haringey Development Vehicle.

Early on, it was confidently described (above) as a pioneering and innovative 28 year 50:50 partnership.

N.B. attachments at foot

Rise

2008 October 24 – date of CCURV LLP incorporation

2008 December Grant Thornton advice instrumental to new property partnership with Croydon Council

2009 ‘Autumn’ – Regenerating Croydon Viewpoint by Peter Fletcher [a general discussion about urban regen.] ***

2009 December – Architects' Journal – Croydon and the future of British town planning ***

2011 March – FoI on Croydon Hub – Urban Regeneration

2012 ? Homes & Communities Agency – Croydon – "a new delivery body to drive regeneration"

2012 February – Croydon regeneration vehicle celebrates progress

2012 December – [PDF] CCURV Annual Report – CEO Nathan Elvery 

Decline

2013 April [in or before] Inside Croydon – £450m CCURV ***

2013 September – Council moves into new Bernard Weatherill House

2014 April – CCURV achieves planning permission for Taberner House redevelopment

2014 April – In the news: Croydon’s Mike Kiely

2015 July – Croydon Council scraps deal with developer John Laing to take control of Taberner House plans

2015 July – Croydon drops LABV for housing scheme

2016 January – COUNCIL TO TAKE ON CROYDON DEVELOPMENT

2016 February – 'This is not a U-turn': Croydon council set to re-open Lion Green Road car park after Waitrose development falls through

Denouement

2016 October 17 – [PDF] Members' Voluntary Winding Up Declaration of Solvency

2016 October 17 – [PDF] Written Determination for Companies House Filing

2016 October 17 – [PDF] Date of appointment of a voluntary liquidator

CCURV LLP: Overview, Filing history, People, Charges, Insolvency:

Company number  OC341025

E. & O.E.

Tags: CCURV, Croydon Council Regeneration Vehicle, HDV, Haringey Development Vehicle, Nathan Elvery, OC341025, voluntary liquidation

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LAST week's Cabinet meeting gave a go ahead for detailed negotiations with the Council's preferred bidder.

The Cabinet member for Housing, Regeneration and Planning had asserted that Haringey's Council Leader had telephoned Croydon Council—it was either the CEO or their Leader—about their failed CCURV and Haringey's proposed HDV.

He said that she had been reassured that the two schemes—the CCURV and the HDV—were completely different, so there's no cause for alarm. So that's alright then.

I'm not sure how much of this I find plausible.

—CDC

UPDATED 2017–August–13:

More on Croydon Council’s disastrous 50:50 joint venture for urban regeneration:

[Croydon Council] Members' Agreement relating to CCURV LLP:

PDF attached below

EVERSHEDs LLP, 28 November 2008

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