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Bromley attitude playing investment dividends

Tue 20 September 2011, 1:31 pm

Bromley is serious about proving its credibility as a borough that can deliver investment opportunities that was the message from Marc Hume, director of renewal and recreation at Bromley Council to the Invest Bromley conference.

Speaking before an audience of more than 150 invited delegates he said: “Talk is cheap, action is everything. Too often such development plans are rarely credible, poorly focused and when implemented did not result in distinctive places but more cloned towns.

“This is not the Bromley approach. I’d like to leave you with the understanding that Bromley has got its act together. Our approach is to learn lessons both from good and bad; we believe we are developing in Bromley a reputation for credibility and integrity with solid plans, a relentless focus on delivery and good team work.

“The private sector increasingly needs to know it is working with a solid public sector team to de-risk the proposition, which is what we have, both at a political and operational level. We are ready to deliver – it’s a policy and corporate priority at all levels.”

Mr Hume announced the council’s £10million seed fund for regeneration and invited all conference attendees to one-to-one sessions with the Bromley team to discuss any investment propositions they may have and the way forward.

He added that Bromley had already attracted significant investment from both the public and private sector, including £3m from TfL, £2m from Network Rail and £60m from the Cathedral Group and other investors.

“Overall the town is home to 700 businesses and 20,000 jobs; it is one of London’s key metropolitan centres and it is our job is to ensure it remains so - quite a legacy on which to build, “he said.

“We believe our plan is sufficiently visionary but robust enough to ensure delivery. We mean business and welcome opportunities to work with like minded companies and partners. If we get this right and we must, we be offering an exemplar development to the rest of London and we will have transformed Bromley Town Centre for our and the next generation of Bromley people.”

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