VGP in the community
A VGP Park can act as a catalyst for growth within the communities in which it operates. The Group's economic success is based on a strong relationship with its stakeholders: tenants, customers, investors, local communities, suppliers and contractors, as well as employees. These strong relationships are critical to develop and operate Parks meeting stakeholders' expectations in all respects.
In addition to being a contributor to urban planning for logistics and semi-industrial zones within cities, providing public facilities and developing technically advanced and sustainable buildings and well connected places, VGP plays a key role in the local ecosystem as an economic driver: offering direct employment through construction and operational spending, indirect employment by tenant's operations and network activities, supplier's activities and local taxes.
Community engagement program
For development projects, a community engagement program is typically setup at the start of the design phase in order to collect feedback from council, neighbours or other local stakeholders. When construction activities begin the aim is for neighbours to be informed about the anticipated project and provide contact details in case of questions.
VGP for jobs
VGP’s business strategy is to build, own and operate logistics facilities close to urban centres. One of the benefits include plentiful logistics jobs, shorter commute times for logistics workers, reclamation and remediation of abandoned or brownfield sites and even enhancement of local parks and transportation.
Based on our understanding of employment generated in our parks as of December 2023 circa 30,000 people go to work under VGP roofs each day. Based on Oxford Economics peer reports the likely direct and indirect impact from VGP’s activities is close to 100,000 jobs. VGP also aims to help the local community benefit from such job creation, including through internship programs.
Cities of Making – smaller business units diversify city manufacturing potential
VGP aims to encourage local capacity building through close cooperation with the local community, including business interests, as well as activities consistent with the need for sound commercial practice. Whereas urban logistics service sectors are typically dominated by multinational players, a high proportion of manufacturers are SME (Small and Medium-Sized Enterprises). These smaller businesses often depend on the local market for a large part of their income and play an important role within their local communities.
A recent JPI Urban Europe study called “Cities of Making” (citiesofmaking.com) identified the “need” for city business parks to offer “a suitable mix of unit sizes for a diverse range of business types in according to the phase of their development”.
By offering smaller spaces available for rent in our parks, VGP can help support diversity in the local economic framework. The Group has identified several VGP Parks under development as potential locations for such smaller units, amongst other in our parks in Wiesloch, Velizy and Ceske Budejovice.
Support local community
In addition to the local job creation, VGP also defines other opportunities to strenghten the community.
In Germany and Romania, local internship programs are being setup and in Barcelona the local team educated 14 high school children from local communities, in collaboration with the Joves Futur+ of the Barça Foundation and Fundació "La Caixa", about work in logistics and semi-industrial real estate, including a visit to VGP offices and various VGP tenants.
VGP Community Day
The VGP Community Day is an initiative designed to engage a large number of employees in volunteering for a local charity, involving each of the 17 countries where the Group operates.
The Group's community-oriented activities in 2023 continued to focus on supporting the needs of local communities and activities to improve the environment and biodiversity of areas near to VGP Parks.
VGP Foundation
The VGP Foundation strives to encourage nature conservation, have an impact on local communities through social projects, and conserve and protect European cultural heritage. During 2023, 5 additional projects were approved and initiated bringing the total to 41 projects of which 25 are currently in execution and 16 completed, with € 6.8 million in total committed or spent.
An example of a project currently under execution is “Villages Go Green”. ADER, a non-profit civil society organization in Northern Cyprus, successfully completed an Environmental Protection Project for Northern Cyprus, funded by the VGP Foundation and administrated by NABU International. From the gained experience emerged a new project “Villages Go Green”, aiming to further encourage nature protection at a grassroots level and to expand the awareness-raising activities to more schools and other villages.
Performance: Strenghten communities
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