SQ
COMMUNITY PARTICIPATION, PARTNERSHIP & GOVERNANCE
Delivery and Governance
​
The overall development will be delivered through an Inclusive Growth Model which understands the need for private investment whilst trying to retain as much funding and control as possible for local people. The same method will be used for the redevelopment of Silo D and its adjoining public realm.
The Silvertown Partnership will be required to transfer ownership of the building into a Community Land Trust and their CIL payments, along with other secured grants, will be used to fund the project. The site's main contractors will be used and the developers will be under a legal obligation to complete the Silo before they are allowed to start works on phase 3 of the development. This clause will ensure delivery as very often such social infrastructure is not seen as a priority.
A legal obligation for the developer to complete Silo D before continuing past phase 3 of the development will ensure the completion of this important community asset.
Advantages and Disadvantage of Delivery Methods
​
Having the Silvertown Partnership transfer the asset into community ownership will save the community a vast sum of money as considering the location and size of the Silo, the market value would be exceedingly high. This means that all funds raised can go directly towards renovations. Also, with grants making up a majority of the financing, the community will be in control of the overall design without having to succumb to the requirements of third party developers.
​
However, government and charity grants can be risky and susceptible to market conditions, particularly when considering recent events such as Brexit, the pandemic and high inflation rates. And unlike private finance, grants are finite meaning it is not easy to secure further funding once capital has been spent.
​
By transferring ownership of Silo D to the community, the venture will be financially viable both now and continuing into the future.
Community Participation
​
Community engagement has been a priority to date and will continue to be throughout the regeneration process. The residents of Newham have proven to be willing to engage throughout the history of the site and it is an important way of ensuring that Silvertown Quays responds effectively to their needs, as well as for residents to feel appreciated and respected.
​
The meanwhile uses for the area surrounding Silo D will include thought walls for people to leave their opinions and ideas and this is an inexpensive and accessible option to collect feedback. A small volunteer group will also be sent to join community groups who may wish to use the space once it is finished, to gather their opinions on how the space would work best for them.
​
Residents will be invited to engage at all stages of the redevelopment.
Continuing Governance
​
Strong and continuing governance is essential to ensuring the ongoing viability and overall survival of Silo D as a cultural venue. Similar to the Urban Development Agency that has been founded to support small businesses and cultural events in I'lle De Nantes, France, Silo D will work alongside Newham council as well as local groups and partners to create a robust program of events and festivals that will continue to draw people to attend and spend.
​
Strong gov
