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Datchet, Royal Borough of windsor and maidenhead   Draft Allocation Secured

Datchet Phase Breakdown

PHASE BREAKDOWN

Datchet Aerial View

AERIAL VIEW

Datchet Location

LOCATION

Site Information

Datchet is situated in The Royal Borough of Windsor and Maidenhead in the county of Berkshire. The Royal Borough is renowned for its rich blend of attractive countryside and successful modern business development. There is a wealth of historic buildings, ranging from Windsor Castle and Eton College to the many attractive rural villages.

Datchet is located 20 miles from central London, 5.5 miles from Heathrow Airport and has two main line train stations for London, one of which connects to Waterloo allowing for a new trend of European day-trippers.

As a result of economic prosperity and its proximity to the Thames Valley, the Royal Borough attracts a variety of business enterprises including leading international companies such as GlaxoSmithKline, Hitachi, Johnson & Johnson and Nortel Networks. Forecasts suggest that the Thames Valley economy will grow at a faster rate over the next five years than either the South East or the UK as a whole.

Our Planning Department Comments

Latest Planning Update

Further to the October Planning Update, we are pleased to advise that the Environmental Agency has released the latest flood data required for the all flood analysis and sequential testing to be redone.

As a result, the examination of the draft Local Plan has recommenced and much of the additional work was consulted on in November and December 2019. The flood and sequential testing was required to be redone across the whole plan, so it needs to be appreciated that there is a significant body of work for the Planning Inspector to consult on.

Whilst we have been preparing for a possible early Outline Planning application in anticipation of a continued delay of the plan review, other site allocations that were identified in the emerging Local Plan proceeded to submit their own outline applications to the LPA. However, due to the delayed Environment Agency flood modelling, these early applications were prohibited.

We expect the balance of the examination period to continue during Q1/2 2020 and we will continue to monitor its progress and make the relevant submissions as required.At the same time, we await an indication from the LPA as to when they will accept an early Outline Planning Application.

We will provide an update on this as soon as we have news but do not expect to have anything until mid-2020 when the examination process should be nearing completion.

Outline Planning

As mentioned in previous communications, we remain of the position that submitting an application for outline planning upon adoption remains in the best interest of all parties. Current indications suggest that a sale of the site upon adoption but without outline planning would achieve an approximate £18m sale price which would fall short of the projected returns we hope to achieve. In comparison, a sale price of £30-35m would be achievable with outline planning approval secured, significantly greater than initial projections.

An Outline Planning application is a much quicker process and, depending on the point it is submitted, should receive approval within 12 months. This means that we would see the sale of Datchet occurring in Q2 2021. However, given the strength of our position within the Draft Plan, we are exploring the option of submitting an OP application prior to the examination period being completed. This will require us to apply the required flood analysis to our site specifically meaning we would need the data scheduled for release by the EA in May this year. Hence no decision can be taken until then.

We will continue to keep all parties appraised of developments both with the local council's revised timetable when it is made public and with our decision in respect of the OP application. However, we do not expect any changes to the status quo prior to end May.