With the goal of developing 3,000 homes, and 100,000 square metres of employment space, the government housing accelerator, Homes England, have obtained 250 acres of land in Rushcliffe.
Known as Fairham, the site totals 605 acres.
To produce the scheme over the next 10 years, Homes England will work in partnership with the other landowners, CWC and Rushcliffe Borough Council.
The executive director for land at Homes England, Stephen Kinsella, said:
“Homes England is committed to working creatively with local authorities that have clear growth ambitions and we have worked closely with Rushcliffe Borough Council to ensure this site is unlocked to deliver new homes in an area of high affordability.”
By offering a loan for infrastructure to CWC, Homes England wants to fast-track the development of site, obtained through the government’s £1.3 billion Land Assembly Fund.
Homes England and CWC will work together as master developers to deliver the primary infrastructure, producing a high-quality, sustainable urban extension, explained Kinsella.
Rushcliffe Borough Council’s executive manager for communities, Dave Mitchell, said:
“Rushcliffe has been working hard to deliver its local plan, which commits to building 13,150 new homes by 2028. Delivery of the Fairham site is essential to our ability to maintain the momentum required, whilst is it is also a strategically important site locally, regionally and nationally for Nottinghamshire County Council, Nottingham City Council and ourselves. We will now look forward and remain committed to working closely with Homes England and CWC to ensure the delivery of a high-quality scheme that continues to enhance the attractiveness of Rushcliffe as a great place to live and work.”
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