New partnership to boost homebuilding in Manchester

 A plan to boost housebuilding in Manchester and make new homes more affordable has been agreed this week which will generate new employment opportunities in the trades.

Manchester City Council has signed an agreement with the Greater Manchester Pension Fund (GMPF) and the Homes and Communities Agency (HCA) to bring together a completely new way of funding homebuilding in the city.

The scheme is set to build more than 240 new affordable homes and create thousands of jobs in the construction industry.

Land for the development will be provided by the city council, including one site offered by the HCA, while the Greater Manchester Pension Fund will finance the building of the homes.

The partnership will choose a contractor to build the homes whilst the city council supports the buyer, by taking an equity share in the property, making the new homes more affordable and mortgage costs lower.

Cllr Jim Battle, Deputy Leader of Manchester City Council, said: “Manchester’s growing population and forecasted economic growth will mean we will continue to need more homes in the near future.

“The economic climate has severely slowed home building in recent years and levels of development are not keeping up with the city’s demand.

“This new innovative model tackles these issues, pushing forward development opportunities while ensuring a supply of new attractive homes are available to residents at affordable prices.”

Deborah McLaughlin, North West Executive Director at the HCA, said: “At the HCA our focus is to employ new and innovative ways of working to use public land assets to more quickly deliver homes and economic growth. This new concept marks a major milestone for house building in Manchester and has the potential to attract major investment to the city.”

About Train4tradeSkills

Train4TradeSkills offer the only trade training skills courses that combine three great ways to learn, through a unique blend of book based theory, practical workshops and virtual reality PC based training, to help you qualify you as a plumber, electrician or gas engineer. No other learning provider offers our unique way to study, with full tutor support, easy to follow, step by step modules. Once you complete one part of the course and return your work for marking, the next stage of the course automatically follows. It’s as easy as that. It’s fun, it’s easy to follow... and it can be fitted around your existing work and family commitments!

Posted on September 25, 2012, in Affordable housing, Building Construction Industry, Building Engineering Sector, Business, Construction, construction jobs, construction news, Education, electrician, electrician courses, electrician jobs, Employment, Energy Efficiency, Environment, Government, Heath and Safety, Housing Scheme, Infrastructure, plumbing, Plumbing News, Politics, t4ts, Trades, train4tradeskills, Train4TradeSkills News, UK Economy and tagged , , , , , , , , , , , , , , , , , , , , , . Bookmark the permalink. 1 Comment.

  1. That great that action is taking place to make more affordable homes in Manchester. A lot of people find getting on the property ladder really difficult and daunting but if there are affordable homes in their area it may give them hope and opportunities.

    Alison.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Follow

Get every new post delivered to your Inbox.

Join 1,382 other followers

%d bloggers like this: