Sign up to our Editors Choice newsletter now! Click here

£3.7 million grant to boost housing for local people

Accessibility Menu

Menu Search

24dash - The UK's most up-to-date social housing and public sector news website

£3.7 million grant to boost housing for local people

LONGHURST GROUP Logo

Published by Rebecca Mills for Longhurst Group in Housing and also in Communities

A £3.7 million grant that was secured by local housing association, Spire Homes, is set to bring over 180 new affordable homes to Northamptonshire and Rutland over the next 3 years.

The grant is a welcome addition to the housing association’s already ambitious development programme which will see Spire Homes complete 350 homes this year alone in response to growing demand for new and affordable housing across the region. By 2020 house prices across Northamptonshire are predicted to rise by around 24% and rents by an estimated 44%, with Rutland expected to see house prices rise by around 21% and rents by 42%.[1]

“In times when budgets are tight and people can struggle to find homes they can afford, this grant is fantastic news,” said Katy Sagoe, Director of Housing at Spire Homes. “We’ve got big plans to develop a significant amount of affordable housing in Northamptonshire and Rutland over the next few years to try and keep up with demand.

“We will be continuing to work closely with our partners throughout the planning and development process to ensure Spire Homes keep providing the right kinds of homes of the highest quality for communities at prices local people can afford.”

The grant has been provided by The Homes and Community Agency (HCA), the national housing and regeneration delivery agency for England. Spire Homes were able to secure the grant following a bid made by their parent company, Longhurst Group, who bid on behalf of the Blue Skies Consortium. In total the Consortium received a grant allocation of £17.8 million.

The allocation is the 15th largest nationally and will bring over 890 new homes to the Midlands.


[1] Figures taken from http://www.housing.org.uk/media/home-truths/interactive-map-home-truths-in-your-area . Please note, Northamptonshire figure is an average of East Northamptonshire, Wellingborough, Corby, Daventry, Northampton and South Northamptonshire regions.

Comments

Login and comment using one of your accounts...