Gosforth-based Home Group awarded £42m to build new houses

Almost 800 new homes are set to be built in the North East as part of multi-million pound plans involving Home Group

Home Group
Home Group

One of the North East’s largest housing providers has been selected to deliver one of the UK’s biggest new affordable homes programmes.

Home Group has been awarded more than £42m to build new affordable homes throughout the UK by the Homes and Communities Agency (HCA) and the Mayor of London. The Gosforth-based not-for-profit company will construct around 2,000 homes in the programme between 2015 and 2018, almost 800 of which will be built in the North East.

The homes will be in addition to 691 properties the firm is building in England between 2015 and 2017 and 475 in Scotland between 2015 and 2018.

The HCA has awarded Home Group a £34.2m grant, the third highest figure of any of the 159 housing providers which have been awarded grants.

The money will be used to help subsidise the development of 1,477 homes in England outside of London, a figure which includes the regional build plans, and a further 499 will be built in London following an allocation of £8.1m from the Mayor’s Housing Covenant.

Brian Ham, Home Group executive director of enterprise and development, said: “We’re delighted to have been recognised by both the HCA and the Mayor of London’s office as a housing provider which is capable of delivering a large number of homes.

“The grant from the HCA is one of the largest awarded in this round of funding and demonstrates the HCA has a high level of confidence that Home Group is able to deliver these homes and help improve communities throughout the UK.”

“We’re pleased to have also been selected by the Mayor’s office. We have delivered on a number of high profile schemes in London including the regeneration of Rayners Lane. “We’re currently on site at Lymington Fields where we recently outlined to deputy mayor Rick Blakeway our plans for the site.”

The announcements come just a day after the £328m turnover business officially unveiled its latest development of 24 homes in Gateshead which were built from the last round of HCA funding.

The company built two and three bedroom flats and houses on the site of the former Felling swimming pool. The development has been named Prince George Square and the official opening took place on the Prince’s first birthday.”

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