HCA identify 18 schemes for development cash
The Homes and Communities Agency has earmarked 18 schemes with plans to deliver 1,300 new homes as the first group to benefit from the £420 million Get Britain Building programme.
Subject to due diligence and contracting, up to £46m could be allocated to the 18 projects through the programme.
Get Britain Building is part of the coalition government’s housing strategy and aims to support stalled developments get off the ground through loans on commercial rates, or taking equity stakes to share risk.
Bidding for the scheme opened on 22 December and closed on 30 January and a total of 170 expressions of interest submissions were received.
The expressions of interest will now undergo an initial assessment by the HCA – looking at value for money, deliverability and fit with local priorities – with a shortlist of schemes to be established by mid-March.
Pat Ritchie, chief executive of the HCA said: ‘Our partners have once again demonstrated their appetite to get Britain building by developing much needed new homes, in turn generating additional benefits through economic growth and activity.
‘We have had a strong response to our programme and will now work to establish a shortlist of schemes which fit strongly with locally identified priorities and represent good value for money for the taxpayer.
‘I am particularly pleased that teams at the HCA have moved quickly to identify 18 schemes of particular local importance that we can get moving immediately.’
The government has said that it hopes the programme will unlock up to 16,000 new homes by December 2014.
The 18 schemes:
- Locking Parklands Phase 2a/b, Weston super Mare (St Modwen) 140 homes
- Bath Western Riverside, Bath (Crest Nicholson) 81 homes
- Belmont Hospital, Tiverton, Devon (Devonshire Homes) 30 homes
- Osprey Quay, Portland, Dorset (Sutton group) 39 homes
- Devonport Vision, Plymouth (Redrow) 74 homes
- Wapping Wharf, Bristol (Wapping Wharf (Umberlslade) Ltd) 175 homes
- Newark Southern Extension, Newark (Catesby Property Group) 100 homes
- Edgbaston, Birmingham (MCD developments) 57 homes
- Kilby Mews, Coventry (Complex Development Projects Ltd) 31 homes
- Millway Middle School, Duston, Northampton (Westleigh) 52 homes
- The Maltings, Lichfield (Marcity) 41 homes
- Cheeseman’s Green, Ashford (Crest Nicholson) 100 homes
- Bootham Green, York (Advent Developments Ltd) 37 homes
- Navigation point, Castleford (Merlion Capital Housing Ltd) 66 homes
- H2010 (Yarn Street), Leeds (Miller Homes) 82 homes
- Calder View, Dewsbury, Kirklees (Miller Homes) 28 homes
- Grahame Park, Colindale, London (Genesis (GenInvest Ltd)) 127 homes
- Covent Garden Village, Stockport (Seddon Group) 41 homes