Homes England has signed a deal to build 3,000 homes in Rushcliffe, Nottinghamshire.
Homes England has acquired 250 acres of the 605-acre Fairham site. The organisation will work with fellow landowners, CWC and local authority Rushcliffe Borough Council, on a project that will deliver 3,000 homes and 100,000 square metres of employment space – equivalent to more than a dozen football pitches – over the next ten years.
The site has been secured through the Government’s £1.3 billion Land Assembly Fund. Homes England will accelerate the delivery of the scheme by providing infrastructure loan funding to CWC.
Minister of State for Housing, Kit Malthouse MP, said: “This Government is on an urgent mission to deliver 300,000 new homes a year by the mid-2020s, helping a new generation to realise the dream of home ownership.
“Our £1.3 billion Land Assembly Fund is supporting more than 3,000 new homes in Rushcliffe but it is also about building a community, with new space for culture and commerce – as we create a place the people of Nottinghamshire can be proud of.”
Rushcliffe Borough Council’s Executive Manager for Communities Dave Mitchell said: ”Rushcliffe has been working hard to deliver its local plan which commits to building 13,150 new homes by 2028. Delivery of the Fairham site is essential to our ability to maintain the momentum required, whilst is it is also a strategically important site locally, regionally and nationally for Nottinghamshire County Council, Nottingham City Council and ourselves.
“We will now look forward and remain committed to working closely with Homes England and CWC to ensure the delivery of a high-quality scheme that continues to enhance the attractiveness Rushcliffe as a great place to live and work.”