Manchester City Council is set to approve plans for a new housing development company to deliver at least 500 new homes every year.

The council has already agreed the proposal in principle and a report outlining the model for the company will be considered in the coming months.

The company will deliver up to 2,000 affordable and market homes by 2025.

Cllr Suzanne Richards, the council’s executive member for housing and regeneration, said: ‘It’s vital that we innovate and change the way we think about housing delivery to ensure we can meet demand and the needs of our residents.

’Bringing an element of affordable housing development in-house will help us meet the housing needs of Manchester people using our own land and with a clear focus on sustainable, low-cost, zero-carbon housing.’