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Last updated 29/11/2017

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Miles Platting PFI

  • Overview

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    In March 2007 contracts were signed between Manchester City Council and the Renaissance Consortium for the delivery of the Miles Platting PFI (Private Finance Initiative) scheme.  The scheme involves the investment into Miles Platting of £160m of public money along with a similar amount of private sector funding. The homes in the area are predominantly council housing, mostly built in the 1960s and 1970s, and in need of major spending to bring them up to the decent homes standard.  This massive investment aims to improve the area addressing neighbourhood issues as well as bringing the homes up to standard to create a desirable place to live.

    The PFI scheme was set up to:

    • remodel the 107 hectare (264 acre) estate
    • improve the 1,500 council properties in Miles Platting
    • build 1,000 new houses for sale and rent in the area
    • provide a high standard of housing management services for the 30-year life of the contract.

    The Renaissance Consortium is a company specially set up to deliver the Miles Platting PFI project. It consists of two investment partners HICL Infrastructure and JLIF.

    Adactus, an established housing association with experience of managing not for profit and rented housing, will manage and maintain the area's council housing until 2037. This includes collection of rent, dealing with repairs, carrying out planned maintenance, dealing with anti-social behaviour and managing the open spaces and parks. However, the list does not stop there and as they have a vested interest in the area they will provide a range of services for residents.

    Almost 1,500 existing council properties have already been refurbished under the PFI plan and the regeneration of the area will eventually include approximately 1,000 brand new homes some of which have already been built by Lovell, a national social housing contractor and developer. The regeneration plan includes contemporary, cutting-edge house-types as well as more traditional homes.

    Manchester City Council keeps overall ownership of the housing and continues to set the rent as landlord. Tenants stay as council tenants and their legal rights are therefore the same as those granted to other Manchester City Council tenants.

  • What is a PFI?

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    A private finance initiative, or PFI, is a way of bringing investment into council estates as on their own they can't raise the cash needed to improve all council homes to the highest standards. A PFI is a partnership between a private building company, a not-for-profit 'housing management company' and a building society or bank.

    The building company (Lovell) have completed the improvement work, refurbishing existing homes and re-designing the area. They have also started building new homes to rent and buy.

    The private investment partner(s) brings borrowing power, new skills and financial expertise and the housing association (Adactus HA) has responsibility for managing the estate: collecting rent, arranging repairs, finding new tenants, etc. as well as working with residents to improve the quality of life.

    The money that is being borrowed to pay for the cost of the improvements and the huge upgrade to the whole neighbourhood will be gradually repaid by Manchester City Council over the next 30 years using the money awarded by the government.

    Residents can expect the highest standards of service from the partners. Manchester City Council, with the involvement of local residents, will set the standards of performance that the consortium must reach and, through a tenant led monitoring panel ensures that they hit them. Failure to do so incurs financial deductions.

  • Celebrating 10 Years in Miles Platting

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    Adactus worked with local residents and Reel Manchester to produce a film that celebrates people, local community projects and commemorates the 10 years of our PFI partnership working in Miles Platting as part of the Renaissance Consortium.

  • Location

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    The Miles Platting Neighbourhood PFI includes all of Miles Platting, and parts of Ancoats and Collyhurst. It is situated half a mile east of the city centre, and runs from Great Ancoats Street to Hulme Hall Lane, south of Oldham Road and north of Bradford Road.

     

  • Local housing office

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    The office address is:

    Miles Platting Neighbourhood Office, Baker House, 542 Oldham Road, Miles Platting, Manchester M40 8BS

    Drop-in Monday to Friday, 9am to 5pm (6pm on Wednesday) 

    Phone 0800 234 6826 (textphone for hard of hearing users, 18001 0800 234 6826)
    www.milesplatting.co.uk
    email: milesplatting@adactushousing.co.uk

Please send Feedback

Name:
Email:
Comment:
1 + 5 = ?:
  • 29/11/2017

    Updated by Elesh Makwana on 29/11/2017 11:00:10

    Comment: Added MP 10 Year Anniversary video.

    Details: (show)

    Chapter titled "Location" order changed from "3" to "4".
    Chapter titled "Local housing office" order changed from "4" to "5".
    New Chapter added; title:"Celebrating 10 Years in Miles Platting" image:"" order:"3".

    View Latest >
  • 11/04/2014

    Updated by Elesh Makwana on 11/04/2014 15:52:55

    Comment: Updated the 'Overview'

    Details: (show)

    Chapter titled "Overview" content changed.

    Look back >
  • 19/11/2013

    Updated by Athanasios Protopapas on 19/11/2013 11:37:13

    Comment: Updated content

    Details: (show)

    Chapter titled "Overview" content changed.
    Chapter titled "What is a PFI?" content changed.
    Chapter titled "History" deleted.
    Chapter titled "Location" content changed.
    Chapter titled "Local housing office" content changed.

    Look back >
  • 30/10/2013

    Updated by Athanasios Protopapas on 30/10/2013 15:12:08

    Comment: Updated details on PFI partners

    Details: (show)

    Chapter titled "Overview" content changed.
    Chapter titled "What is a PFI?" content changed.

    Look back >
  • 09/07/2013

    Updated by Elesh Makwana on 09/07/2013 15:38:43

    Comment: Inserted the following link: www.milesplatting.co.uk

    Details: (show)

    Document Cover Image changed from "milesplatting.jpg" to "".
    Chapter titled "Local housing office" content changed.

    Look back >
  • 03/04/2013

    Updated by Athanasios Protopapas on 03/04/2013 08:41:13

    Comment: Minor amends to content.

    Details: (show)

    Chapter titled "What is a PFI?" content changed.
    Chapter titled "History" content changed.
    Chapter titled "Local housing office" content changed.

    Look back >
  • 19/03/2013

    Updated by Sam Ryan on 19/03/2013 12:22:42

    Comment: additional text

    Details: (show)

    Chapter titled "Overview" content changed.
    Chapter titled "History" order changed from "2" to "3".
    Chapter titled "History" content changed.
    New Chapter added; title:"What is a PFI?" image:"" order:"2".

    Look back >
  • 24/08/2012

    Updated by Admin on 24/08/2012 18:00:04

    Comment: Staff are no longer located at Varley Street.

    Details: (show)

    Chapter titled "Local housing office" content changed.

    Look back >
  • 26/07/2012

    Updated by Athanasios Protopapas on 26/07/2012 17:57:10

    Comment: Updated new miles platting office details

    Details: (show)

    Chapter titled "Local housing office" content changed.

    Look back >
  • 09/07/2012

    Updated by Elesh Makwana on 09/07/2012 14:29:16

    Comment: Set the image to 100%.

    Details: (show)

    Chapter titled "Location" content changed.

    Look back >
  • 20/06/2012

    Updated by Admin on 20/06/2012 09:35:35

    Comment: Added Miles Platting tag to this article. Improved layout of map.

    Details: (show)

    Chapter titled "Location" content changed.
    New Tag assigned "Miles Platting".
    New Tag assigned "miles platting".

    Look back >
  • 25/05/2012

    Updated by Admin on 25/05/2012 11:45:03

    Comment: geocoded article to prepare for forthcoming mobile site.

    Details: (show)

    Chapter titled "Location" content changed.
    New Tag assigned "miles platting pfi".

    Look back >
  • 29/03/2012

    Updated by Elesh Makwana on 29/03/2012 14:55:49

    Comment: Inserted an image of the map to work with the mobile site.

    Details: (show)

    Chapter titled "Location" content changed.

    Look back >

 

Miles Platting PFI -
 
If this is not what you're looking for, click here for related information.

Last updated 29/11/2017

View a printable version of this document

Miles Platting PFI

  • Overview

    • print chapter
    • feedback
      • Please send Feedback

        Name:
        Email:
        Comment:
        7 + 9 = ?:

    In March 2007 contracts were signed between Manchester City Council and the Renaissance Consortium for the delivery of the Miles Platting PFI (Private Finance Initiative) scheme.  The scheme involves the investment into Miles Platting of £160m of public money along with a similar amount of private sector funding. The homes in the area are predominantly council housing, mostly built in the 1960s and 1970s, and in need of major spending to bring them up to the decent homes standard.  This massive investment aims to improve the area addressing neighbourhood issues as well as bringing the homes up to standard to create a desirable place to live.

    The PFI scheme was set up to:

    • remodel the 107 hectare (264 acre) estate
    • improve the 1,500 council properties in Miles Platting
    • build 1,000 new houses for sale and rent in the area
    • provide a high standard of housing management services for the 30-year life of the contract.

    The Renaissance Consortium is a company specially set up to deliver the Miles Platting PFI project. It consists of two investment partners HICL Infrastructure and JLIF.

    Adactus, an established housing association with experience of managing not for profit and rented housing, will manage and maintain the area's council housing until 2037. This includes collection of rent, dealing with repairs, carrying out planned maintenance, dealing with anti-social behaviour and managing the open spaces and parks. However, the list does not stop there and as they have a vested interest in the area they will provide a range of services for residents.

    Almost 1,500 existing council properties have already been refurbished under the PFI plan and the regeneration of the area will eventually include approximately 1,000 brand new homes some of which have already been built by Lovell, a national social housing contractor and developer. The regeneration plan includes contemporary, cutting-edge house-types as well as more traditional homes.

    Manchester City Council keeps overall ownership of the housing and continues to set the rent as landlord. Tenants stay as council tenants and their legal rights are therefore the same as those granted to other Manchester City Council tenants.

  • What is a PFI?

    • print chapter
    • feedback
      • Please send Feedback

        Name:
        Email:
        Comment:
        2 + 9 = ?:

    A private finance initiative, or PFI, is a way of bringing investment into council estates as on their own they can't raise the cash needed to improve all council homes to the highest standards. A PFI is a partnership between a private building company, a not-for-profit 'housing management company' and a building society or bank.

    The building company (Lovell) have completed the improvement work, refurbishing existing homes and re-designing the area. They have also started building new homes to rent and buy.

    The private investment partner(s) brings borrowing power, new skills and financial expertise and the housing association (Adactus HA) has responsibility for managing the estate: collecting rent, arranging repairs, finding new tenants, etc. as well as working with residents to improve the quality of life.

    The money that is being borrowed to pay for the cost of the improvements and the huge upgrade to the whole neighbourhood will be gradually repaid by Manchester City Council over the next 30 years using the money awarded by the government.

    Residents can expect the highest standards of service from the partners. Manchester City Council, with the involvement of local residents, will set the standards of performance that the consortium must reach and, through a tenant led monitoring panel ensures that they hit them. Failure to do so incurs financial deductions.

  • Celebrating 10 Years in Miles Platting

    • print chapter
    • feedback
      • Please send Feedback

        Name:
        Email:
        Comment:
        5 + 8 = ?:

    Adactus worked with local residents and Reel Manchester to produce a film that celebrates people, local community projects and commemorates the 10 years of our PFI partnership working in Miles Platting as part of the Renaissance Consortium.

  • Location

    • print chapter
    • feedback
      • Please send Feedback

        Name:
        Email:
        Comment:
        4 + 9 = ?:

    The Miles Platting Neighbourhood PFI includes all of Miles Platting, and parts of Ancoats and Collyhurst. It is situated half a mile east of the city centre, and runs from Great Ancoats Street to Hulme Hall Lane, south of Oldham Road and north of Bradford Road.

     

  • Local housing office

    • print chapter
    • feedback
      • Please send Feedback

        Name:
        Email:
        Comment:
        9 + 8 = ?:

    The office address is:

    Miles Platting Neighbourhood Office, Baker House, 542 Oldham Road, Miles Platting, Manchester M40 8BS

    Drop-in Monday to Friday, 9am to 5pm (6pm on Wednesday) 

    Phone 0800 234 6826 (textphone for hard of hearing users, 18001 0800 234 6826)
    www.milesplatting.co.uk
    email: milesplatting@adactushousing.co.uk

Please send Feedback

Name:
Email:
Comment:
1 + 5 = ?:
  • 29/11/2017

    Updated by Elesh Makwana on 29/11/2017 11:00:10

    Comment: Added MP 10 Year Anniversary video.

    Details: (show)

    Chapter titled "Location" order changed from "3" to "4".
    Chapter titled "Local housing office" order changed from "4" to "5".
    New Chapter added; title:"Celebrating 10 Years in Miles Platting" image:"" order:"3".

    View Latest >
  • 11/04/2014

    Updated by Elesh Makwana on 11/04/2014 15:52:55

    Comment: Updated the 'Overview'

    Details: (show)

    Chapter titled "Overview" content changed.

    Look back >
  • 19/11/2013

    Updated by Athanasios Protopapas on 19/11/2013 11:37:13

    Comment: Updated content

    Details: (show)

    Chapter titled "Overview" content changed.
    Chapter titled "What is a PFI?" content changed.
    Chapter titled "History" deleted.
    Chapter titled "Location" content changed.
    Chapter titled "Local housing office" content changed.

    Look back >
  • 30/10/2013

    Updated by Athanasios Protopapas on 30/10/2013 15:12:08

    Comment: Updated details on PFI partners

    Details: (show)

    Chapter titled "Overview" content changed.
    Chapter titled "What is a PFI?" content changed.

    Look back >
  • 09/07/2013

    Updated by Elesh Makwana on 09/07/2013 15:38:43

    Comment: Inserted the following link: www.milesplatting.co.uk

    Details: (show)

    Document Cover Image changed from "milesplatting.jpg" to "".
    Chapter titled "Local housing office" content changed.

    Look back >
  • 03/04/2013

    Updated by Athanasios Protopapas on 03/04/2013 08:41:13

    Comment: Minor amends to content.

    Details: (show)

    Chapter titled "What is a PFI?" content changed.
    Chapter titled "History" content changed.
    Chapter titled "Local housing office" content changed.

    Look back >
  • 19/03/2013

    Updated by Sam Ryan on 19/03/2013 12:22:42

    Comment: additional text

    Details: (show)

    Chapter titled "Overview" content changed.
    Chapter titled "History" order changed from "2" to "3".
    Chapter titled "History" content changed.
    New Chapter added; title:"What is a PFI?" image:"" order:"2".

    Look back >
  • 24/08/2012

    Updated by Admin on 24/08/2012 18:00:04

    Comment: Staff are no longer located at Varley Street.

    Details: (show)

    Chapter titled "Local housing office" content changed.

    Look back >
  • 26/07/2012

    Updated by Athanasios Protopapas on 26/07/2012 17:57:10

    Comment: Updated new miles platting office details

    Details: (show)

    Chapter titled "Local housing office" content changed.

    Look back >
  • 09/07/2012

    Updated by Elesh Makwana on 09/07/2012 14:29:16

    Comment: Set the image to 100%.

    Details: (show)

    Chapter titled "Location" content changed.

    Look back >
  • 20/06/2012

    Updated by Admin on 20/06/2012 09:35:35

    Comment: Added Miles Platting tag to this article. Improved layout of map.

    Details: (show)

    Chapter titled "Location" content changed.
    New Tag assigned "Miles Platting".
    New Tag assigned "miles platting".

    Look back >
  • 25/05/2012

    Updated by Admin on 25/05/2012 11:45:03

    Comment: geocoded article to prepare for forthcoming mobile site.

    Details: (show)

    Chapter titled "Location" content changed.
    New Tag assigned "miles platting pfi".

    Look back >
  • 29/03/2012

    Updated by Elesh Makwana on 29/03/2012 14:55:49

    Comment: Inserted an image of the map to work with the mobile site.

    Details: (show)

    Chapter titled "Location" content changed.

    Look back >