Posts tagged Colin Molton
The investment from the Homes and Communities Agency (HCA) is intended to unlock the development of the long-awaited new community of Sherford, which is anticipated to bring 5,500 new homes and create 5,000 jobs.
The development is expected to generate around £1billion in development expenditure to the area and provide an economic boost worth around £2billion.
Subject to the agreement of legal terms, the investment would be used by a development consortium led by Red Tree to start work on the development and begin a series of important road and utilities improvements to accommodate the early phases of house building.
The funding, unveiled by housing minister Mark Prisk, is set to kick-start construction of houses and community facilities at the new town of Sherford.
The scheme will also include 893,000 sq ft of employment space as well as schools, a town hall, swimming hall and community park.
Colin Molton, HCA executive director for the South and South West, said: “The new community of Sherford is an incredibly important project, because it will go a long way towards meeting the significant need for new homes in Devon and Plymouth and provide a major boost for the economy.
“It is a complex development, which has taken years to bring to this stage. It is fantastic news that investment has been approved which will support the development of the sustainable new community of Sherford. I look forward to seeing work start on the project soon.”
Plymouth City Council leader Tudor Evans added: “For every home built, one and a half permanent jobs are created. This is not just good news for the construction industry, it’s good for the wider supply chains and the businesses and shops that will all begin to see new customers as this new community begins to take shape.”
The proposed investment would also support the development of a new 25,000 sq ft manufacturing business centre which will pave the way for new employment in the trades.
Secretary of State for Communities and Local Government Eric Pickles, who visited the Enterprise Zone at Daedalus yesterday, revealed that £15 million of the investment will be used for building new homes and a community centre.
Hampshire County Council and the Department for Business, Innovation and Skills, which are funding the project, have forecast that the development could create 1,182 jobs, of which 828 will be permanent.
Secretary of State Eric Pickles said: “This over £25m boost for the Solent Enterprise Zone will unlock its huge potential to deliver growth, homes and jobs and make a real difference to Gosport.
“It is local business and commerce that creates the growth and jobs this country needs and it’s this Government’s job to foster the conditions for those businesses to thrive.
“That is why through the Government’s Growing Places Fund and the setting up of Enterprise Zones, we have empowered local enterprise partnerships to drive forward their own local economic development.”
Colin Molton from the Homes and Communities Agency said: “This package of investment is great news for the local economy, which stands to benefit significantly from the ripple effect of new jobs and businesses coming to the Solent Enterprise Zone.
“This has been the result of partners working closely together to devise an innovative package which will maximise the use of the funds available to have a real positive impact on the ground.”