To produce five schemes, worth a total of £1.6 billion, it has been revealed by The English Cities Fund that it will be doubling its investment in English towns and cities, to £200 million.
The fund, established in 2001, is a development company by;
- Homes England,
- Legal & General,
- Muse Developments.
The fund is pursuing new partnerships with public sector organisations, such as regional authorities, to:
- Renovate major sites,
- Produce mixed-use residential schemes,
- Create exciting new places.
Aiming towards ‘complex, large-scale and long-term regenerations projects’, the £200 million has now delivered in;
- Liverpool,
- London,
- Plymouth,
- Salford,
To this point it has provided:
- 850,000 square feet of;
- office,
- retail,
- leisure space.
- built 1,300 homes in new neighborhoods.
- built 2,210 homes in the pipeline.
The chair of the English Cities Fund, Sir Michael Lyons, has said:
“Our cities and towns are the engines of our economy and our cultural and social lives. We must continue to reinvent them in bold and imaginative ways.
We want to partner with ambitious local authorities and other public bodies who want to attract investment, build homes and support enterprise. Together, we can create exceptional places.
We’re a unique partnership. In bringing together Homes England, Legal & General and Muse, we are demonstrating the combined potential of public and private sector regeneration expertise. We’ve shown over 17 years that it’s possible to commit for the long-term while still delivering at pace. It’s an approach that’s allowed us to see potential where others may not and to transform even the most complex sites.”
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