{"id":51059,"date":"2019-01-15T12:49:31","date_gmt":"2019-01-15T12:49:31","guid":{"rendered":"https:\/\/www.pbctoday.co.uk\/news\/?p=51059"},"modified":"2019-01-15T12:49:31","modified_gmt":"2019-01-15T12:49:31","slug":"homes-england-funding-northamptonshire","status":"publish","type":"post","link":"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/homes-england-funding-northamptonshire\/51059\/","title":{"rendered":"Homes England announces \u00a370m for new homes in Northamptonshire"},"content":{"rendered":"

Around 8,500 new houses will be built in Northamptonshire following a \u00a370m funding injection from Homes England<\/a>, the government\u2019s housing delivery agency<\/h2>\n

Located within an hour of London and Birmingham and inside the Cambridge\/Oxford corridor, the two new homes schemes will help create around 3,000 jobs as well as schools, leisure and commercial space.<\/p>\n

The developments in Kettering and Wellingborough have been made possible with a \u00a370m loan from Homes England<\/a>.<\/p>\n

The schemes have a projected combined value of \u00a32.5bn over their lifetime, which is estimated to be 20 years.<\/p>\n

The agency has agreed the loan as part of its \u00a34.5bn Home Building Fund<\/a>, which provides development and infrastructure finance to home builders.<\/p>\n

The investment will be used to create roads, utilities and other works to enable the delivery of homes at Kettering and at phase one of the site at Wellingborough.<\/p>\n

Kit Malthouse, Minister of State for Housing said: \u201cI am delighted to hear shovels are already in the ground as builders set about delivering 8,500 much-needed homes so more people can realise their home-owning dream.<\/p>\n

\u201cWe are making the housing market work, and Homes England\u2019s \u00a370m loan will unlock the development so we can invest in the properties our country needs.\u201d<\/p>\n

Sir Edward Lister, Chairman of Homes England added: \u201cWe\u2019re working with partners across the country to ensure land is available to build more new homes where they\u2019re most needed.<\/p>\n

\u201cProviding infrastructure upfront is key to unlocking significant housing growth and Homes England\u2019s investment in Kettering and Wellingborough will enable two major housing projects to be delivered after many years of delay.\u201d<\/p>\n

Speaking on behalf of the scheme\u2019s delivery partners, Long Harbour, Midtown Capital and Buccleuch Property, Aldred Drummond of Long Harbour said: \u201cThe delivery partners have combined our respective expertise in planning, development, construction and finance to optimise the potential of these sites, providing much-needed homes and jobs in this superbly connected location.<\/p>\n

\u201cBoth schemes will benefit from beautifully designed public areas and landscape, taking inspiration from the surrounding countryside.<\/p>\n

\u201cWe are delighted that our investment, supported by Homes England, will have a positive impact on the future prosperity of this wonderful part of England.\u201d<\/p>\n

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