Telford & Wrekin Council has secured a £3.7 million grant from the West Midlands Combined Authority to kick-start building new homes on stalled brownfield sites in the borough.
The money will allow building on previously used 'derelict' land to start. Work on these sites has stalled because of the high costs for developers to bring brownfield sites back into use. This funding will support remediation making sites viable and speeding up delivery.
The vast majority of sites that can benefit have already been granted planning permission for new homes. A small number of other brownfield sites that could access this money have also already been identified for housing in the Local Plan.
The £3.7 million grant is will anticipated to deliver around 540 new homes built, 14 hectares of brownfield land developed and will create around 240 jobs in construction in the borough.
The investment will support sites across the borough and stop undeveloped sites blighting areas, while providing more much-needed new homes with the area’s population set to grow in the next 15 years.
The eligibility criteria for the scheme is set out below:
- schemes to be complete by December 2023
- minimum 5 units to be developed
- regenerating brownfield site or previously developed land
- extant planning consent
- located in the Telford and Wrekin Council’s administrative area
- stalled site is due to viability and abnormal ground conditions
- meets regeneration and housing priorities within the Borough
- freehold interest or long lease (minimum of 125 years) of the land.
For a conversation on the fund please call Gavin Ashford on 01952 384260 or e-mail email@example.com.
For application forms and state aid documents please visit the Frontier Development Capital website.
Last updated: 06/03/2019 09:44