Cardiff Bay Development Corporation
Introduction
The mission statement of the Cardiff Bay Development Corporation is:
'to put Cardiff on the international map as a superlative maritime city which will
stand comparison with any such city in the world, thereby enhancing the image and economic
well-being of Cardiff and of Wales as a whole'
The Corporation was established by the Secretary of State for Wales in April 1987 under the
Local Government and Planning Act 1980 to regenerate some 1,090 hectares of South Cardiff with
the then population of 5,800.
The Corporation occupies a unique position amongst regeneration bodies in that:
- it was the product of political consensus between a Conservative Government and
Labour controlled local authorities; and
- its structure and organisation demonstrated partnership, evidenced by the nomination by
the local authorities of leading locally elected Councillors to the Board of the Corporation (five
of the twelve Board members are local councillors) and by the local authorities retaining
their powers, most significantly their full range of planning powers.
| | Number of Staff | Expenditure (£m) |
| | Grant in Aid | | Gross Expenditure |
| 1995/96 | 102 | 57.5 | 1995/96 | 63.4 |
| 1996/97 | 101 | 59.2 | 1996/97 | 62.9 |
| 1997/98 | 98 | 47.9 | 1997/98 | 61.1 |
The Annual Report, which includes a copy of the audited statements of accounts, is published after it has been laid
before Parliament in July each year. Copies of the most recent Report can be obtained from Brian Barry at the address above.
An annual Corporate Plan reporting on progress and future strategy and proposals is agreed each summer with the Welsh Office. Copies of the most recent plan can be obtained from Bob Burns at the address above.
Achievements in 1996/97
The Corporation met its targets in most of its
measurable outputs. Several large developments continued or
were secured during the year:
- Tarmac/Richardson commenced an
18,500m2 commercial leisure development in the Inner Harbour Area;
- Wilson Bowden Properties entered into an
innovative land for infrastructure deal with the Corporation
which saw the commitment of well over two thirds of
a 28,000m2 retail development on land reclaimed
from contamination at Ferry Road;
- Grosvenor Waterside, the property
development subsidiary of Associated British Ports, will complete
late in the year a 9,000m2 office development in the
Inner Harbour. Over a third of the development has
already been let;
- Nippon Electric Glass, a Japanese company, completed
a further 48,000m2 of manufacturing plant within
the Corporation's highly successful Ocean Business Park; and
- The Corporation reclaimed 9 hectares of former
refuse disposal tip at Ely Fields to create a multi-media
business park.
A major Private Finance Initiative was promoted by
the Corporation for the £70m Bute Avenue road and light
rail link to the City Centre. Negotiations are currently
underway with the shortlisted bidders.
Substantial progress was made towards the
implementation of its Investors in People action plan, including
the introduction of a new performance assessment
and development scheme and Team Development Programme.
A further draft of the Corporation's Welsh language
policy has been submitted to the Welsh Language Board
for comment; in parallel, the Corporation is introducing
an induction process for staff.
The Finance, Administration, Legal, Personnel
and Information Systems functions hold ISO 9002
accreditation which is monitored regularly by the British
Standards Institution.
Plans for 1997/98
The Corporation's targets for 1997/98 are set out below.
An exciting and challenging year lies ahead with much to
achieve in preparation for the European Summit to be held in
June 1998. Several key developments are forecast to commence:
- the Bute Avenue road and light rail link under the
Private Finance Initiative;
- construction of the Wales Millennium Centre
a 30,000m2 arts and cultural centre housing a 2,000
seat theatre and a new Waterfront museum;
- a 12,000m2 festival retail scheme on the waterfront of
the Inner Harbour;
- a 15,000m2 office development in the Bridge area close
to the City Centre;
- a new five star hotel (120 bedrooms, Health Spa,
Casino and Marina) on the waterfront of the Inner Harbour.
The Secretary of State for Wales announced in
the Government White Paper 'A Voice for Wales', published
July 1997, his intention to wind up the Corporation by the end
of March 2000.
Key Performance Targets
|
| 1994/95
| 1995/96
| 1996/97
| 1997/98
|
Key Measure
|
Set
|
Achieved
|
Set
|
Achieved
|
Set
|
Achieved
|
Set
|
Private Sector Investment (£m)
|
64.2
|
112.5
|
120.0
|
216.8
|
190.0
|
195.1
|
100
|
Residential Units
|
430
|
203
|
520
|
202
|
400
|
206
|
340
|
Non-residential Development (square metres)
|
58,850
|
31,892
|
69,500
|
60,871
|
90,000
|
87,640
|
93,000
|
Jobs
|
2,953
|
2,046
|
3,000
|
2,820
|
3,150
|
2,730
|
3,000
|
Land Reclaimed (hectares)
|
29.2
|
19.1
|
24.0
|
30.7
|
40.0
|
48.1
|
55.0
|
|
