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24Feb94 UK: EP TO LIST EIGHT SCHEMES - REGENERATION PROJECTS.

English Partnerships will name its first eight regeneration projects next month, but none will be 1980s-style urban mega-projects.Chief executive David Taylor told the conference that these would be in London, the West Midlands, the North-East and the North-West.On April 1 English Partnerships takes over from central government the city grant and derelict land grant schemes, and English Estates' development of industrial estates.Mr Taylor warned: 'We may have £250 million to spend, but because of the high proportion of commitments made under the city grant and derelict land grant schemes, not much can be allocated in the coming year to new projects. In 12 to 18 months spending will be freed up. We will concentrate on areas of greatest need but will also work in rural areas.'Mr Taylor said the age of the mega-project was over and that English Partnerships would not seek high-profile projects or back very speculative ventures. He promised greater flexibility working with the private sector.Mr Taylor, formerly of Amec, admitted: 'For the past 12 years I have lived with the frustrations of trying to make the project fit the grant regime.'English Partnerships is negotiating with the Treasury on how to invest long-term in projects in return for a profit share. It will try not to simply give grants to developers.And Mr Taylor reassured developers that private sector industrial schemes will not be rejected because they conflict with English Estates' own development work. CONSTRUCTION NEWS