Crest Nicholson and the Homes and Communities Agency announced today the commencement of a £200 million housing scheme which will build 1,100 homes and pave the way for new trade jobs.

The mixed-use housing scheme at Oakgrove, Melton Keynes, is set to stimulate economic growth and meet high demand for new homes in the area as well as boost employment in the construction industry.

Oakgrove will form a new community with varied sized homes in a parkland setting clustered around a new neighbourhood centre, which will include retail and restaurant facilities.

The development is designed to Code for Sustainable Homes Level 4 and it will deliver achieve energy efficiency of a modern home. It will also include affordable housing for those unable to get onto the housing ladder.

Crest’s Executive Board Director, Chris Tinker, said: “Crest Nicholson is delighted to be commencing the delivery of this landmark and much anticipated development at such a critical time in the economic cycle.

“We would like to pay testimony to the officers and members of Milton Keynes Council who have worked hard with the Crest and HCA project team to bring this scheme forward.

“I have no doubt that through the jobs created and quality new homes it will both stimulate growth and meet pent-up housing need.”