Category Archives: Affordable housing

Telford development reaches out with new homes and jobs

Telford development reaches out with new homes and jobsNew homes and jobs are being created in Telford as part of a £11 million project by Sanctuary Group that will see the building of hundreds of new homes in the area.

The leading housing and care provider is developing 86 extra care apartments for over 55s as well as 12 apartments specially designed for people with learning difficulties, in Ketley.

A 500-strong workforce has begun work on the Ketley Park Road site as part of a £60 million partnership with national contractor Seddon to build more than 700 new homes in the Midlands.

The Telford scheme is set to be finished in autumn 2014. It has been partly funded by the Homes and Communities Agency and is being delivered in partnership with Telford and Wrekin Council.

Councillor Hilda Rhodes said: “This is an excellent scheme which very much reflects the council’s drive to support businesses and I was delighted to kick start the work on the site. I look forward to seeing the projects develop in the months to come.”

 
David Charmbury, area manager with HCA, said: “The HCA is pleased to be working with our strategic partners and making investment into this scheme.

“Not only will the development cater for local need, it will also provide much needed economic and employment benefits for the borough and complete another key component of the wider Telford Millennium Community.”

The new extra care scheme, set in landscaped gardens, will feature communal facilities including a restaurant, lounge, gym and hair salon.

 
Sanctuary’s development, Andrew White, said: “This is an ambitious project which will create much needed homes for older people in this part of Ketley. Sanctuary is dedicated to creating new jobs and apprentice posts at all our developments and this site is no different.”

What is your reaction to the multi-million Telford residential scheme that will create new jobs and boost the construction industry? Share your thoughts by commenting here or raise your voice on our Facebook and Twitter pages.

£32m investment to unlock 5,000 jobs

£32m investment to unlock 5,000 jobsProposals to create thousands of new homes and jobs in Devon have been backed by the Government to invest £32 million in the project to get the first phase of work underway.

The investment from the Homes and Communities Agency (HCA) is intended to unlock the development of the long-awaited new community of Sherford, which is anticipated to bring 5,500 new homes and create 5,000 jobs.

The development is expected to generate around £1billion in development expenditure to the area and provide an economic boost worth around £2billion.

Subject to the agreement of legal terms, the investment would be used by a development consortium led by Red Tree to start work on the development and begin a series of important road and utilities improvements to accommodate the early phases of house building.

The funding, unveiled by housing minister Mark Prisk, is set to kick-start construction of houses and community facilities at the new town of Sherford.

The scheme will also include 893,000 sq ft of employment space as well as schools, a town hall, swimming hall and community park.

Colin Molton, HCA executive director for the South and South West, said: “The new community of Sherford is an incredibly important project, because it will go a long way towards meeting the significant need for new homes in Devon and Plymouth and provide a major boost for the economy.

“It is a complex development, which has taken years to bring to this stage. It is fantastic news that investment has been approved which will support the development of the sustainable new community of Sherford. I look forward to seeing work start on the project soon.”

Plymouth City Council leader Tudor Evans added: “For every home built, one and a half permanent jobs are created. This is not just good news for the construction industry, it’s good for the wider supply chains and the businesses and shops that will all begin to see new customers as this new community begins to take shape.”

What is your reaction to the £32 million of investment that will unlock 5,000 jobs in the trades? Share your thoughts by commenting here or raise your voice on our Facebook and Twitter pages. 

£80m Woking housing development reaches out for new jobs

£80m Woking housing development reaches out for new jobs

Woking Borough Council has given the go-ahead for the building of 371 new family homes as part of a £80 million housing scheme that will create new jobs and boost the trades.

The site, commonly known as the Moor Lane housing development, will be developed by Evolution, a consortium between Kier Project Investment and Thames Valley Housing.

It will see the building of 371 family homes, of which 224 will be affordable, with the remaining 147 homes for private sale.

Kier will construct the properties and Thames Valley Housing will manage and maintain the social housing over the 25-year contract.  Construction work will commence during the summer.

Cllr David Bittleston, Woking Borough Portfolio Holder for Housing said: “We are delighted that the development has had the go-ahead.

“The Council is committed to supporting the Governments’ growth agenda and this development will provide much-needed affordable houses for local people and a major boost for employment in the local area.”

Nigel Turner, managing director of Kier Property, added: “We are thrilled to have achieved this important milestone and we look forward to working with Thames Valley Housing to progress the development.

“The mixed tenure scheme will play an important part in addressing the area’s housing shortage and also creates long-lasting community benefits through a designated fund for the use by the local community.”

Geeta Nanda, CEO of TVH, said: “We are delighted to have led this consortium to supply much-needed affordable homes in Woking. It is great that we have been granted planning permission so we are one step closer to getting new homes built and lived in.”

What is your reaction to the multi-million residential scheme in Woking that will deliver hundreds of new homes and boost the trades? Share your thoughts by commenting here or raise your voice on our Facebook and Twitter pages.

Government commits £1bn investment to build 10,000 new homes

Government reveals £1bn build-to-rent fund set to deliver 10,000 new homesHousing Minister Mark Prisk announced today that up to 10,000 new homes could be built by 2015 that will create new jobs and boost the trades.

The minister announced the first 45 projects to be taken forward using the £1 billion Build to Rent Fund which will provide equity finance to house builders and developers.

Mr Prisk said that the innovative new projects, a quarter of which are for London, will be the first step toward creating a more balanced rental market, driven by quality instead of demand.

The Build to Rent Fund is designed to help developers invest in homes built specifically for private rent by reducing the up-front risk in a relatively untested market.

A first round of projects will now receive a share of £700 million government investment package, with a second round of bids for the remaining fund expected to open later this year.

Projects going forward in this round have the potential to deliver between 8,000 and 10,000 homes, and include:

  • Genesis Housing Association, with plans for new rental homes around London
  • Place First, along with Together Housing Group, who will be building across Northern England
  • Crest Nicholson, who intend to bring a significant number of homes to market over many sites across the country

Mr Prisk said that the varied mix of developers, from brand new organisations and small housing providers to long-established developers, will bring new blood into a market currently dominated by small-scale buy-to-let landlords, and will help to give tenants more choice when choosing a home in the future.

Housing Minister Mark Prisk said: “This government is determined to get Britain building, and the Build to Rent Fund is set to help us deliver, with up to 10,000 new homes to be built from these projects.

“We’ve seen overwhelming demand for the fund, and it’s become clear that there’s a real appetite for rental investment. We want to support that, which is why we’ve made a £1 billion Budget boost to the fund.

“Now, these new projects will help us map this almost uncharted market, bringing in new blood to improve rental quality and choice, and building the new homes that this country wants and needs.”

What is your reaction to the new £1bn build-to-rent fund that will deliver 10,000 new homes and boost the trades? Share your thoughts by commenting here or raise your voice on our Facebook and Twitter pages.

Business Secretary launches new Anglia growing business fund

Business Secretary launches new Anglia growing business fund

Business Secretary Vince Cable has launched a new £3 million funding scheme for East Anglia that will kick-start growth for small firms in the trades.

The New Anglia Local Enterprise Partnership is specifically aimed at helping firms that want to grow but have been held back by a lack of finance.

The £3 million fund will provide cash grants to businesses looking to expand their operations

and create new jobs. Funding for the scheme has come from the government’s Regional Growth Fund.

The fund will provide grants of up to 20%, between £25,000 and £100,000, to business that have a shortfall in their investment plan and are able to create at least one job for every £10,000 provided by the fund.

The Business Secretary launched the fund at Redpack in Norwich, a company which hopes to benefit from the new fund and expand its existing operations in the city.

Business Secretary Vince Cable said: “A lack of finance is one of the biggest barriers facing firms that want to grow. The government is already taking big steps to help companies bridge that gap and now, thanks to this new fund, businesses across East Anglia will get that helping hand they need.

“Through programmes like the New Anglia ‘Growing Business Fund’, the government’s Regional Growth Fund has supported around 1,200 small and medium sized companies across the country, helping them create jobs, increase skills and grow their business.”

What is your reaction to the new funding scheme for East Anglia that will kick-start growth for small businesses and boost the trades? Share your thoughts by commenting here or raise your voice on our Facebook and Twitter pages.  

NewBuy scheme set to boost housebuilding in Wales

The Welsh Government

The Welsh Government has announced to launch its flagship mortgage guarantee scheme this summer that will boost the construction industry and create new jobs.

The NewBuy Cymru scheme will enable home buyers to access high loan value mortgages which will have a positive impact on the housing market and see the building of around 3,000 new homes across Wales.

The housing sector has widely welcomed the scheme which is set to provide significant employment opportunities in the trades. It is estimated that for every £1 spent on building houses, there is £1.40 generated in gross output across the economy as a whole.

Minister for Housing and Regeneration, Carl Sargeant, said: “NewBuy Cymru is not only good news for the Welsh economy but good news for families and individuals across Wales.

“We are all aware of the difficulties that people are having in either buying their first home or moving up the housing ladder. NewBuy Cymru will provide a helping hand in the shape of a mortgage guarantee to people that have been saving hard to put down a deposit for a new home.

“By helping to kick-start the housing sector it’s hoped that NewBuy Cymru will help tackle poverty and provide a welcome short in the arm to our economy.”

Executive Chairman of the Home Builders Federation, Stewart Baseley, said: “It is fantastic news for Wales that NewBuy is being launched. In recent years many people in Wales have been unable to buy a home because of the large deposits required to secure a mortgage.

“NewBuy will allow people to buy with a more realistic 5% deposit and so realise their dream of home ownership. Opening up the market will also allow builders to build more homes, so creating jobs and providing Wales with an economic boost.”

What is your reaction to the new NewBuy scheme in Wales that will see the building of new homes and boost the construction industry? Share your thoughts by commenting here or raise your voice on our Facebook and Twitter pages.  

Plans for Great Haddon Urban Extension given the go-ahead

Plans for Great Haddon Urban Extension given the go-aheadPeterborough City Council has approved plans for building 5,300 new homes as part of the Great Haddon development which is set to create thousands of jobs in the construction industry.

Peterborough Planning and Environmental Protection Committee has backed plans to build three primary schools, one secondary school and some 5,300 new homes alongside the 390 hectare site in the south west of Peterborough

The scheme is expected to create 24,600 new jobs in the next 8 years whilst delivering wider economic growth to the Peterborough area and boosting the trades.

The project has been included in the government’s London-Stansted-Cambridge-Peterborough growth area to help meet the UK’s housing shortage and generate economic growth.

The Committee has asked the Consortium to work up further details for certain aspects of the scheme, such as the design of the Yaxley ‘Loop Road’ and the timing of provision of community facilities, to ensure that those aspects of the scheme are fully scrutinised prior to implementation of the consent.

The applicants’ team will be working these details up over the coming weeks prior to a report being presented back to Committee.

Lucia Serluca, the chairman of the planning committee, said it was essential that good and efficient infrastructure is built before people started moving in to the new homes.

“Let’s not just build the houses and forget about everything else,” she said.

“We need to build the houses in conjunction with the educational centre, the retail centre, to make sure the amenities that those residents will have, they have as soon as they live on the development.”

 

George Osborne reveals £3bn infrastructure fund to boost the trades

George Osborne reveals £3bn extra investment to boost the trades

Chancellor George Osborne has used Budget 2013 to announce an additional £3 billion investment plan to boost infrastructure spending and create new trade jobs.

The Budget sets out further action to build a stronger economy, with help for UK businesses to create jobs and kick-start major construction projects across England.

Chancellor Osborne said in Parliament today that the government was “already supporting the largest investment in railways since Victorian times and spending more on new roads than in a generation.”

The Government would now boost spending by £3 billion from 2015-16 with the money saved from departmental budgets, amounting to a total of £15 billion of extra capital spending in the next 10 years

The Chancellor has also announced a new Help to Buy scheme involving equity loans on new build houses and £130 billion mortgage guarantee programme that will help people to buy their new homes.

Chancellor George Osborne said that by investing in the arteries of the country’s infrastructure, the Government will get growth “flowing to every part of the country”.

The latest stimulus of financial support to tackle long-term shortage in the housing market will see the building of new homes and boost employment in the construction industry.

Mr Osborne said: “We’ve switched billions of pounds from current to capital spending since the spending review. But on existing plans, capital spending is still due to fall back in 2015-16. I don’t think that’s sensible.

“So by using our extra savings from government departments, we will boost our infrastructure plans by £3 billion a year from 2015-16.

“That’s £15 billion of extra capital spending over the next decade. Because by investing in the economic arteries of this country, we will get growth flowing to every part of it.

“And public investment will now be higher on average as a percentage of our national income under our plans than it was in the whole period of the last Government.

“In June, we will set out long term spending plans for that long term capital budget.

“And we will use the expertise of Paul Deighton, the man who delivered the Olympics and who now serves in the Treasury, to improve the capacity of Whitehall to deliver big projects and make greater use of independent advice.”

The British Property Federation has welcomed the Government’s funding increase to kick start the housing market and help a number of build-to-rent schemes.

Director of policy at the British Property Federation, Ian Fletcher, said: “It’s encouraging the Government’s confidence in build to rent has been reciprocated and we are delighted to see that the equity funding was heavily oversubscribed.

“Working in partnership with government the sector should deliver an exciting and quality array of homes for renters.”

What is your reaction to Budget 2013 announced by Chancellor Osborne to boost infrastructure spending and build new homes? Share your thoughts by commenting here or raise your voice on our Facebook and Twitter pages.  

Government Approves Northampton Enterprise Zone Site

CPO Powers Secure Enterprise Zone Site

Communities Secretary Eric Pickles has confirmed a Compulsory Purchase Order (CPO) for the development of a 2.4 hectares scheme in Northampton Waterside Enterprise Zone.

The CPO is set to kick-start the transformation of the area, boosting the construction industry and creating new jobs in the trades. Plans include the building of 40,000 sq metres quality office space and six-storey Innovation Centre, which begins construction this summer.

Councillor David Mackintosh, Leader of Northampton Borough Council said: “Across our town we are seeing exciting Northampton Alive projects breathing new life into areas as we unlock their potential.

“There are real opportunities to invest in Northampton and our Enterprise Zone. This is another positive step as we bring together another site for redevelopment and new employment opportunities.”

WNDC now owns all of the vacant land, 5 commercial properties and 10 residential properties in St Peter’s Waterside. In addition, the Corporation is in advanced discussions with National Grid about the potential to include two adjoining Gasholder sites in the development plans.

Government Approves Northampton Enterprise Zone Site

The CPO is one of two that the Corporation has launched in the Northampton Enterprise Zone, with the other Order covering the Avon Nunn Mills site. A decision on that CPO is expected later this spring.

Chris Garden, WNDC’s Director of Regeneration said: “With its central location and transport links, St Peter’s Waterside is a perfect location for high profile office development.  We have been buying land in the area for some time, but this CPO means we have consolidated various sites and can press ahead with our plans.

“There will be cranes in the skyline this summer, with work starting on the first phases of development and demolition. Meanwhile, directly opposite the site, construction will be underway on Northampton’s new railway station. It is a defining period in the regeneration of the town.”

What is your reaction to the Compulsory Purchase Order given by Communities Secretary, Eric Pickles, to pave to way for new businesses as well as boost the trades? Share your thoughts by commenting here or raise your voice on our Facebook and Twitter pages.  

White City residential scheme gets the go-ahead

Dairy Crest Site

Hammersmith and Fulham Council have given the go-ahead to Helical Bar and Aviva Investors to build 1,150 new homes in White City, west London.

The 1.5 million sq ft residential-led development is based on the former Diary Crest site and is expected to create thousands of jobs in the construction industry and boost the trades.

Current plans include demolition of all existing buildings on the site and providing up to 1,150 new homes, business space, local retail and associated services, leisure and a range of community facilities comprising a multi-purpose community building incorporating basement and service level car parking.

The scheme will also see the building of an Urban Square, a public Central Garden Square with communal and private space available on site.

Development Director at Helical Bar, Matthew Bonning-Snook, said: “We are extremely excited about our proposals for Brickfields.

“The Eric Parry design code for the masterplan uses a predominantly natural palette of brick and stone to create sustainable and attractive buildings which, alongside the public realm and amenities, will form a genuine new London community.”

The brick-built homes will be a mixture of affordable, shared and private ownership. The developer and partner Aviva Investors also plan to build 150,000 sq ft of offices, retail and community facilities.

The site is part of the Mayor of London’s and Hammersmith and Fulham’s White City Opportunity Area, set to deliver thousands of new homes and jobs for the capital.

What is your reaction to the new residential development at White City that will see the building of new homes and boost employment in the trades? Share your thoughts by commenting here or raising your voice on our Facebook and Twitter pages.