Rail site announcement key to town centre regeneration, says KPMG

Rail site announcement key to town centre regeneration

Stephen Barter comments on DCLG’s announcement of the first three locations signed up to deliver on a new agreement between Network Rail and the Homes and Communities Agency.

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Stephen Barter, chair of real estate advisory at KPMG, comments on DCLG’s announcement of the first three locations signed up to deliver on a new agreement between Network Rail and the Homes and Communities Agency to develop land around railway stations, delivering new homes and locally led regeneration:

“In the past, stations were the thriving hubs of our communities; this announcement, trailed in last month’s Budget, will enable them to become so again. By using land around stations as the catalyst for regeneration, not only will we see much-needed new homes and businesses in the area, but we’ll also see a wider regeneration of our town centres. 

“With York, Swindon and Taunton leading the way, it must be hoped that other local areas will swiftly come forward. On-going Government support, in its various forms, alongside local commitment, will provide a much needed catalyst to create the thriving, mixed use communities that will deliver a boost to these towns and to the UK economy."

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Notes to editors:

For press enquiries please contact:

Frances Shennan, KPMG Press Office Senior Manager 

M: 07584 202794

E: Frances.shennan@kpmg.co.uk 

About KPMG

KPMG LLP, a UK limited liability partnership, operates from 22 offices across the UK with approximately 12,000 partners and staff.  The UK firm recorded a revenue of £1.96 billion in the year ended September 2015. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 155 countries and has 174,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity.  Each KPMG firm is a legally distinct and separate entity and describes itself as such.

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