British Waterways’ development company is attempting to find new ways of riding out the recession while sticking to its founding principles. Stephen Harris reports.Losing half your staff, including your chief executive, would be a tough blow for any business. This is what happened to Isis last September. The recession forced the waterside regeneration company to scale back its operation, closing two of its offices and putting many of its schemes on hold.
Activity has slowed down, but it hasn’t stopped completely. Glasgow City Council approved Isis’s masterplan for redeveloping Speirs Wharf and Maryhill locks at the end of 2008. And work on the Granary Wharf complex in Leeds is due for completion in a few months’ time.
British Waterways is a stakeholder in the company, and 50 per cent of profits are reinvested in the canal network. But public-private ownership is not the only thing that makes Isis different from most developers: its sustainability manifesto guides its work and requires every project to put the needs of the community first.
“We try to engage residents and get them excited about our plans,” says Glasgow project manager John Sherry. “At Maryhill we organised a festival with local businesses, as well as trips for primary school children. Some didn’t know the canal existed. Through public consultation we realised how important the canal was as a green corridor, rather than a waterway though an industrial area, and we’ve used that in the design.”
Model of good practiceGlasgow City Council, seeking a better way to connect with British Waterways, has been keen to work with Isis since its launch in 2002. “It’s a model of good practice,” says regeneration services group manager Brian McGraw.
“Isis had real enthusiasm for the Speirs Wharf project and delivered much more than we expected. Inevitably there will be disagreements with a developer, but they were always able to sort things out. Even when there were problems with the initial plans, they were very respectful and appreciative.”
Isis also tries to be different when it comes to design. For inspiration, the team turned to Europe, visiting the canals of Amsterdam, Copenhagen and Malmo. Contracts are often awarded through competitions, and Isis has worked with firms ranging from the highly-regarded Make to the “quirky and personable” FAT.

Proposals: how Granary Wharf in Leeds will look
Learning from mistakes
Isis doesn’t always get it right, says its planning and regeneration manager Chris Breslin. “In Brentford in London, our planning application was unsuccessful because we didn’t follow our own rulebook. There was too much on the site and we didn’t make enough of the waterside location. But you have to be big enough to learn from your mistakes. Now we’re trying to engage more closely with communities and rebuild trust.”
During a recession it’s difficult to predict the future, but financial constraints don’t hold back Isis’s ambition. In Glasgow, construction should begin later this year and there is talk of a watersports centre and another festival. It is hoped a masterplan for Tottenham Hale Wharf in London will be finished within nine months.
And in Warwick Bar in Birmingham, Isis is attempting a new approach. “We’re trying to develop the area by encouraging designers and photographers to base themselves in our buildings,” says Breslin. “We may have put down some of our tools, but we’re still looking at growing our sites.”
Isis Waterside Regeneration is owned by:• British Waterways, which has a 50 per cent stake
• Igloo, the regeneration fund of Morley Fund Management
• Muse Developments (formerly AMEC Developments)
Timeline• October 2002 – Isis Waterside Regeneration is formed
• January 2006 – The company’s first scheme is launched at Islington Wharf, Manchester.
• March 2007 – Work begins on the Granary Wharf development in Leeds
• September 2008 – Chief executive Mark Ryder leaves the company following large cutbacks
• December 2008 – Glasgow city council approves Isis’s masterplan for Speirs Wharf and Maryhill locks
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