£100m regeneration deal for Keepmoat at old Rolls Royce factory
Keepmoat has signed a delivery partner deal with Derby Council to build hundreds of new homes in Osmaston – around a former Rolls Royce factory.
The factory was the main site for the car manufacturer until 2007 and residents have complained about the site being left a mess since then. However, this new contract means work could begin as soon as next month.
The Grade II listed Rolls Royce building is being put forward for conversion into a community facility. Twenty per cent of the 343 new homes planned on the main site will be affordable.
Paul Degg, new build managing director for Keepmoat in the midlands, said: ‘This scheme is a significant step forward in the ongoing regeneration of a historically important community in Derby and we are delighted to be selected as the developer for this joint venture project.
‘There is a need for affordable, high quality housing in the area which the community will now benefit from. Keepmoat has experienced rapid growth in the midlands having recently completed our 1000th home in our third trading year and we expect to bolster this by delivering a further 500 homes in 2013.’
Paul Bayliss, leader of Derby Council, said: ‘I am delighted to announce Keepmoat as our delivery partner for the Osmaston Vision. The regeneration of Osmaston is a priority for the council and we are confident that our partnership with Keepmoat will deliver on our goal to create a residential neighbourhood in which families will flourish.’
The initial phase forms part of a more ambitious £500 million plan to regenerate the area.