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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
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
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
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.
HERE are some further links gathered, about Croydon Council's experience with its CCURV:
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.
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