Slough Urban Renewal is a 50:50 joint venture between Slough Borough Council and Morgan Sindall Investments Limited. Established in 2013, this innovative property partnership is driving regeneration across the town, through a broad range of leisure, housing, community and school projects.
As a joint venture partnership, SUR is closely aligned with Slough Borough Council’s wider strategic objectives and its projects are directly tailored to meeting the Council’s vision – from assisting residents to achieve healthier lifestyles to providing a better quality of housing for those living within the borough.
Since the delivery of The Curve, Slough’s flagship new library and cultural centre in 2016, the partnership has gone on to deliver new housing (both private and social), education facilities and sporting and community spaces, with lots more to come.
SUR now has a £1bn regeneration pipeline of projects, to be delivered over the next 10 years. It has seen its turnover increase from £2m to a peak of £71m, with this forecast to exceed £60m for the next three years. Evidence of the investment that is taking place in the town and the sheer volume of projects, which are to be delivered.
Benefits to the council
The partnership’s key objective is to create more value for the Council, as well as more opportunity, prosperity and a better quality of life for those who live and work in the borough.
For the Council, SUR offers it greater control. As a partner in the joint venture the Council can drive forward its long-term regeneration plans, while benefiting from being able to harness external development expertise and resources. Essentially, SUR affords the Council the ability to generate income, which it can use to support front-line services or reinvest against local priorities.
SUR is able to deliver new homes that local residents need. This has included a portfolio of over 120 new council homes, being delivered as part of its small sites initiative, which also aims to reduce those living in temporary accommodation.
Projects delivered to date include:
• The Curve - Slough’s award-winning, iconic library and cultural centre
• Arbour Park - an award-winning, community sports facility and home to Slough Town FC
• Milestone - SUR’s flagship residential development of 73 new homes
• Schools - five major extension projects providing over 60 new classrooms and educational space/facilities
• Salt Hill - a new family activity centre including bowling, caving and trampolining
• Langley Leisure Centre – a refurbished swimming pool and an extended gym with over 100 fitness stations
• Small Sites – an initiative to transform 25 infill sites into new/extended council housing and deliver over 100 new homes for local people
• Montem Ice Arena - a refurbished and extended ice rink including a climbing wall, gym and community café for Slough and the wider area
• The Centre - a new flagship, £18m leisure facility with two swimming pools, extensive gym, fitness studios and 4 court sports hall
• Wexham Green – 104 new two, three and four bedroom family houses in Wexham
Projects Currently underway:
• Old Library Site – 2 Marriott International Hotels, 64 apartments and 2 retail units.
• Stoke Wharf - a proposed, residential development of c.300 240 new homes by the canal
• Montem Lane – a proposed residential development of 160 new homes.
• North West Quadrant - £650m mixed use development to include over 1,300 new homes, 250,000sqft commercial space and 50,000sqft retail and leisure.
Councillor James Swindlehurst, Slough Borough Council:
“Working through Slough Urban Renewal, in partnership with Morgan Sindall has been transformational – the partnership has not only delivered some great projects and buildings, but it’s returned £5 million back into the Council revenue, which means we haven’t had to cut important services when others across the country are having to do so. For us, that has been really rewarding.”