Thousands of new homes and jobs in three key cities

Latest News Fri, Dec 2, 2016 9:13 AM

A new multi-million pound deal to boost housing in key cities will provide more than 2,000 homes for private rent and create thousands of jobs, Housing Minister Gavin Barwell has announced.

This latest private rent deal will unlock £400 million of development, under the government’s programme to increase investment in purpose built rental properties, and will grow the amount of good quality rental homes in Leeds, Manchester and Birmingham.

The project is one of the largest private rental sector investments in the UK and will receive £45 million funding from the government’s new Home Building Fund ─ which makes money available to help kick-start new development and housebuilding.

Housing and Planning Minister Gavin Barwell said: "Alongside home ownership, we’re determined to create a bigger, better private rental market to offer greater choice for tenants in a country that works for everyone.

"This is one of the largest private rental sector deals in the UK and will not only create thousands of homes for people in Birmingham, Leeds and Manchester - it will create jobs and opportunities for many hundreds of people."

Sir Edward Lister, HCA Chairman, said: "This massive investment, one of the largest private rented deals this year, shows our determination to get builders building and substantially grow the market in this country.

"We’re working on a number of other deals, with builders of all sizes, and we’re also using our investment and land to attract new entrants to the industry."

Founder and chairman of the Dandara Group, Dan Tynan said: "Dandara has already built more than 2,500 properties of this type in the last 10 years in the UK, including Scotland’s largest private rented sector (PRS) scheme of almost 300 properties in Aberdeen, acquired by LaSalle Investment Management on behalf of a large pension fund.

"We are now in a position to actively work with institutions, and independently, to make a sizeable contribution to this market."

Dandara Group is spearheading the project with support from the government’s housing delivery agency, the Homes and Communities Agency, and banking giant HSBC.

The government is determined to provide opportunities in all parts of the country and this deal will provide a boost for many businesses across the Northern Powerhouse and Midlands Engine.

It is estimated that up to 1,500 new construction jobs could be created across the 3 cities from the deal which will provide 2,062 rental homes. These will include:

  • 995 homes in Manchester
  • 744 homes in Leeds
  • 323 homes in Birmingham.

Last week’s Autumn Statement outlined £7.2 billion of investment in housing. This means that the government now expects to double, in real terms, annual capital spending on housing over the course of this Parliament.

The government set out comprehensive housing measures that will address the needs of people at different stages of their lives, ensuring the housing market works for everyone, not just the privileged few.

Featured News

Specification news
Workload outlook strengthens slightly: RIBA Future...

The Royal Institute of British Architects has published the latest report on...

Read More >>

Specification news
Manufacturing output volumes fall in three months to...

Manufacturing output volumes fell at a sharp pace in the quarter to August, after...

Read More >>

BUILDING PRODUCT LIBRARY - LATEST BROCHURES

Vertical radiators complete range Brochure

Vertical radiators c...
By Myson

Download Now >>

Myson Radiant Heating Premium underfloor heating systems Brochure

Myson Radiant Heatin...
By Myson

Download Now >>

Which heat emitter is the right one? Brochure

Which heat emitter i...
By Myson

Download Now >>

Sustainable heating solutions for renovation Brochure

Sustainable heating...
By Myson

Download Now >>

Rearo Tradeline Brochure

Rearo Tradeline
By Rearo

Download Now >>

BUILDING PRODUCT DIRECTORY - LATEST PRODUCTS

DUOFLEX
DUOFLEX

DUOFLEX is a high quality elastomeric bitumen, hot bonded to the substrate incorporating the fleece...

Read More >>

TECSOUND
TECSOUND

TECSOUND is a polymer based, bitumen-free, high-density synthetic membrane. The combination of its...

Read More >>

ISOLAIR MULTI
ISOLAIR MULTI

ISOLAIR MULTI is a natural and ecological vapour-permeable, windproof and water-repellent thermal...

Read More >>

CONSTRUCTION VIDEOS - LATEST VIDEOS

Our SUSTAINABILITY Roadmap
Our SUSTAINABILITY Roadmap

Myson has a clear sustainability strategy in line with the UN Sustainable Development Goals (SDGs)...

Watch Now >>

Sustainable Energy Efficient Solutions
Sustainable Energy Efficient Solutions

From radiators and underfloor heating to ceiling convectors and towel warmers, Myson is the UK’s...

Watch Now >>

UNISENZA PLUS Smart Controls_The complete system solution
UNISENZA PLUS Smart Controls_The complete system solution

With Unisenza Plus Smart Controls you can easily monitor and control all linked heating products via...

Watch Now >>