New scheme to deliver homes with little or no funding

Published by Max Salsbury for 24dash.com in Housing and also in Development

National construction and development company Southdale has teamed up with house builder Strata to launch a service that helps clients deliver new builds with little or no grant funding.

The new Ignite Homes Ltd company has been launched as a joint venture,  and is aimed at driving a range of mixed tenure developments for registered providers, local authorities and arms length management organisations (ALMOs).

Ignite is led directly by some of the most senior managers in the two partners' organisations, including Southdale’s Managing Director Paul Moore and Strata’s Chief Executive Jim Wren (both pictured).

Paul Moore said: “We are very excited at the potential for Ignite to give a real boost to housing. Getting building started without funding is not easy, but we can use our experience to help clients get around the issue of a lack of grant availability and this partnership with Strata has the potential to make a big difference to home building.”

Jim Wren added: “This is something which we know clients need and want and we are confident that the potential for using Ignite to give housing development a real boost, by working around one of the biggest issues many of them have to face in their day to day work, will be as exciting to them as it is to us.

"We are proud to be linking our vast experience with that of Southdale for this innovative new venture, which we believe will be a market-leading initiative.”