Social Housing is Responsilbe for Regional Growth
Published by keeley for Longhurst Group in Housing
The Team at Work on a Longhurst Group Site
The level of new construction work starting in the East Midlands is up by almost 20% in comparison to the same period last year (according to the Glenigan Index; a monthly report measuring value and activity within the construction industry). There has been a significant dip in the quantity of new projects nationwide but the East Midlands has bucked the trend and is showing noticeable growth, predominantly due to a single sector; social housing.
Social housing is the only sector to achieve growth nationally within the construction industry, and Longhurst Group is leading the way with Midlands’ housing projects. The housing provider is determined to demonstrate that affordable housing has to be a priority over the coming years. The Group is working hard to promote growth in the region as a response to the desperate shortage of suitable homes in the area.
“Development is a key concern at Longhurst Group, especially now we are facing the daunting question of where to house our rapidly increasing population in the Midlands. Over the next five years we will build 1700 affordable new homes in the region; we have strong plans in place as half of our £250 million bond development programme is now committed until 2014 with work already underway on hundreds of properties” detailed Bob Walder, Chief Executive of Longhurst Group.
The construction of new homes in the region is forging ahead, with each of the Group’s member companies looking for local development opportunities. L&H Homes have just invested £20 million in two new schemes in Peterborough and this month work commences on their 76 property development in Sawtry. In Rutland and East Northamptonshire, Spire Homes announced a summer completion date for their latest development of over 40 homes in Rushden, and January saw the start of work on site in Oundle to deliver 58 new properties to the area. The Group will also see the completion of developments in Scunthorpe and Swineshead in 2013 and construction in Newark has been scheduled for an autumn start date.
The Group is a lead partner in Blue Skies Consortium, the number one development partnership in the East Midlands. “Partnerships lie at the heart of our success. By working collaboratively we can benefit from the right blend of expertise and experience to deliver high quality homes. Championing the partnership approach allows us to push for development and growth at a time when other sectors are struggling to maintain investment in new projects” explained Bob.