Hereford Futures - Overview
Led by the Chairman, Ted Willmott CB OBE and the Chief Executive, Jonathan Bretherton, the company has a board of highly experienced non-paid directors and a small, expert executive team. Working hand-in-hand with the council’s officers and other partners, Futures ensures that the necessary technical skills and experience are brought to bear on various challenges, including finding solutions to highly complex regeneration and physical development problems.
The Leader of the Council chairs the Futures Gateway Committee, which is a forum for considering which projects will be progressed by the company. The primary purpose of the Committee is to agree workload management arrangements for individual projects and to review progress. All decision-making about Council projects is subject to the Council's governance arrangements.
Hereford Futures secures significant private investment in Hereford, such as the £90M Stanhope development, and leads contractual negotiations on the Council’s behalf. This includes up and coming projects such as the football ground, Training & Higher Education and the Buttermarket. It also includes investments such as the completed Flood Alleviation Scheme which removes over a hundred existing homes and businesses from regular flooding and is the first phase of enabling redevelopment of many city centre sites.