A North East developer has secured more than £11.5m towards the construction of hundreds of high quality, affordable homes in the region throughout the next three years.
Working in partnership with local authorities and registered housing providers, Galliford Try Partnerships North has identified communities in North and South Tyneside, Sunderland, County Durham and Teesside in need of additional affordable homes, which will be built in consultation with local planning authorities.
The Affordable Homes Programme (AHP) grant, from the Homes and Communities Agency (HCA), accounts for well over half the £20m awarded to Galliford Try nationally.
The programme aims to increase the number of affordable properties in England through investing £1.7bn in new homes.
Developers such as Galliford Try Partnerships North, registered providers and councils from all over the UK were invited to bid for a share of the investment, which it is hoped will see the construction of 165,000 new homes outside London.
Managing director of Galliford Try Partnerships North, Stephen McCoy, said: “We are delighted to be bringing a large portion of this funding to the North East and it is testament to our teams’ commitment, drive, knowledge and experience that we have been successful with these bids.
“These new projects will deliver much needed sustainable and affordable homes to the region.”
Galliford Try is a national housebuilding and construction company, with a turnover of £1.47bn.
The group’s North East office is currently working on a number of major projects throughout the region, including the £350m Gateshead BIG regeneration project, along with the Gateshead Council and Home Group.
The scheme will deliver around 2,500 new homes
Galliford Try is also involved in a scheme with Leazes Homes, Your Homes Newcastle and Newcastle City Council, creating an assisted living development in North Kenton; a development of 24 new affordable homes in Felling, Gateshead, for Home Group; and a scheme, in partnership in Hartlepool Housing, that will see 20 affordable rented bungalows and five more for shared ownership being built on the former Henry Smith School site.
The contract, again aided by grant support from the Homes and Communities Agency, is part of a wider redevelopment of the 9.25 acre site which could include around 90 further homes for sale on the open market.
Following the announcement of the latest funding allocation for Galliford Try, Andy Rose, chief executive of the HCA, said: “We have set in place a solid delivery programme that will ensure a smooth transition from our current affordable homes programme and that delivery can start promptly.
“Just over half of the available funding has been allocated.
“The remaining funding will be allocated on a continuous market engagement basis, giving even more partners time to work up deliverable bids to meet local needs and their future development aspirations.”