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.”
Kier Supplier Day– Sign Up
Construction workers from Merseyside and West Lancashire, are being invited to meet prospective client Kier Construction at a Constructionline ‘Meet the Buyer’ event on Wednesday 24th October 2012. Kier’s Construction division have secured the contract to deliver a joint Command and Control Centre for Mersey Fire and Rescue Services and Merseyside Police
Date: 24th October 2012
Time: 8:30am and 1:30pm.
Venue: Merseyside Fire & Rescue Services HQ, Bridle Road, Bootle, L30 1NY
The event, being held at Mersey Fire & Rescue Services HQ, will see small and medium sized construction companies meet face to face with Kier Construction to discuss working on this project. Kier is looking to build a local supply chain of contractors.
Please note this work is being carried out as part of the North West Construction Hub and as part of Kier’s commitment to the Construction Hub payments terms to all subcontractors have been set at 35 days, to ease the cash flow pressures on SME’s.
The works are due for completion in early 2014 with an overall projected contract value of £6M and will cover the following:
By attending our event, you will have the opportunity to Meet face to face with Kier Construction Key personnel and find out about our upcoming opportunity
A redundant scientist is earning ‘top’ money in the plumbing industry after taking a training course with top trades’ school ATL, the Daily Mirror has revealed.
Leading trade skills provider ATL made news across the country today after laboratory scientist Steve Banks hung up his test tubes and went looking for a way to turn his life round.
And Steve, aged 43, who has two sons, Mathew and Daniel, as well as a three-year old girl Ruby and lives with his wife, Naomi, said he wished he had taken the plunge years ago.
Steve told the Daily Mirror: “I started looking around for courses I could do in my own time while carrying on working and asking people for recommendations and found that ATL had a very good reputation.”
When Steve was made redundant in 2009, he had almost completed his plumbing course and was about to set up his own business… Now he earns about £45,000 a year, much more than in his previous job.
Steve said: “It was great really, I got so much confidence from the course that my business grew through word of mouth.”
Altogether, Steve from Letchworth, Herts, spent about £6,500 from his redundancy money on his training. “This was a lifetime investment for me and it is paying off.”
Steve says that he is a very practical person who always enjoys doing things with his hands. He used to help his father who was working in the building trades before he retired.
Like every new thing, Steve admits that his business was slow to start with, but soon people began to ring him, saying that a friend had recommended his services. Now he is thinking of employing extra people to help him.