Thousands of new homes and hundreds of jobs to be delivered in the county over the next ten years
Herefordshire Council has formally appointed Keepmoat Ltd as their partner developer to deliver ambitious housing and growth plans for Hereford City and the wider county.
The agreement, which will span over a ten year period, will see Keepmoat developing sites along the City Link Road, and sites in the market towns over the next two years, with further development planned over further years.
The Keepmoat Ltd bid was submitted in conjunction with a number of partner organisations including Keepmoat Regeneration Engie, WMs Housing, Herefordshire Housing Ltd and City Heart.
Councillor Harry Bramer, cabinet member contracts and assets said:
“The partnership will go much further than the delivery of new homes. It will also promote economic growth across the county through a number of initiatives including developing a strong local supply chain with at least 50 percent of suppliers and contractors coming from within Herefordshire.
The council will also retain its ability to raise capital from the council’s land holdings, whilst controlling the nature, speed and character of the county’s development.
Keepmoat will provide support for local businesses, third sector groups and the community as well as improving skills and educational attainment through training and apprenticeships. This, in turn will enable the development of new economic activity to address the problem of low wages in the county.”
Peter Hindley, CEO of Keepmoat Homes, added:
“We’re excited at the prospect of working with Herefordshire Council over the next 10 years, or more, to deliver much needed high quality new homes across the county.
We are also committed to a significant Community Investment programme, including sourcing local talent and creating opportunities for employment and training for local people.
This is a perfect example of how our business model of working in close partnership with local authorities, housing associations and other delivery partners can accelerate home building and improve local communities.”
The partnership is to launch a programme of wider regeneration initiatives in March 2018 with the first new homes expected to be delivered early in summer 2019.
Published: Thursday, 18th January 2018