Leading property developer Westleigh, based in Whetstone, is set to build 599 new affordable homes in Leicestershire, Lincolnshire, Derbyshire and Northamptonshire over the next two years thanks to grant funding from the Homes and Communities Agency (HCA).
The HCA has provided just over £15.69m to the developer to build the affordable homes at 12 sites across the region. The majority of the homes will be made available to rent with some being offered through the government’s Shared Ownership scheme.
The investment is part of the HCA’s Affordable Homes Programme which aims to increase the supply of affordable housing in England. The funding will be paid directly to Westleigh by the HCA to deliver the identified schemes before the end of 2018.
The funding will allow Westleigh to build developments in the following locations:
- 50 new affordable homes are planned to be built in Lincolnshire
- 29 homes will be constructed in Northamptonshire
- 153 new homes are coming in Derbyshire
- 367 homes will be built in Leicestershire
In total the developer has secured just under £ 21m in grant funding from the HCA to provide 823 new homes across the East and West Midlands. Of which 564 of the properties will be provided for affordable rent with an additional 259 available through the Shared Ownership scheme.
Gary Turner, Head of Partnerships and Investments for Westleigh, commented, “We’re thrilled to have been able to secure this important investment which will support local communities across the country especially as demand for new affordable homes is continuing to increase.
“We believe our success demonstrates our experience and understanding of developing affordable housing; we are committed to building on brownfield land to regenerate disused areas and always use sustainable and eco-friendly timber framing to build our affordable homes, which is made by Westframe, the timber framing division of Westleigh.”
Westleigh is part of the Homes & Communities Agency Delivery Partner Panel on both the Midlands and Northern lots and work closely together with housing associations to build affordable new homes throughout the East Midlands, South Yorkshire and Cambridgeshire. For further information please telephone 0116 277 3324 or visit www.westleigh.co.uk.