Rushcliffe Borough Council has welcomed a new deal that will see thousands of new homes delivered in Nottinghamshire.
Homes England has acquired 250 acres of a 605 acre site known as Fairham, and will support all aspects of the delivery to speed up the construction of 3,000 homes.
Working with other land owners, CWC and Rushcliffe BC, the Government’s housing accelerator will also help deliver 100,000 square metres of employment space over the next decade.
The site has been secured through the Government’s £1.3bn Land Assembly Fund, which is used to acquire land needing work to get it ready for the market.
‘This Government is on an urgent mission to deliver 300,000 new homes a year by the mid-2020s, helping a new generation to realise the dream of home ownership,’ said the minister of state for housing, Kit Malthouse.
‘Our £1.3bn Land Assembly Fund is supporting more than 3,000 new homes in Rushcliffe but it is also about building a community, with new space for culture and commerce – as we create a place the people of Nottinghamshire can be proud of.’
Rushcliffe Borough Council’s executive manager for communities, Dave Mitchell, said: ‘Rushcliffe has been working hard to deliver its local plan which commits to building 13,150 new homes by 2028.
‘Delivery of the Fairham site is essential to our ability to maintain the momentum required, whilst is it is also a strategically important site locally, regionally and nationally for Nottinghamshire County Council, Nottingham City Council and ourselves.
‘We will now look forward and remain committed to working closely with Homes England and CWC to ensure the delivery of a high quality scheme that continues to enhance the attractiveness Rushcliffe as a great place to live and work.’