Posts tagged house builders

London Mayor Unveils £100m Housing Boost

London Mayor Boris Johnson has launched a £100 million fund to help a range of housing projects across the capital and boost the trades.

House builders will have the chance to put their bids forward to deliver major building work which could boost the London economy by £2 billion and create new jobs in the construction industry.

According to the Mayor, injecting such significant investment in the housing market could contribute £1 billion worth of construction projects across the city.

The Mayor has said that all ‘reusable investment’ from this funding boost will be reinvested for the building of more affordable homes over the next decade.

Motor Johnson said “To improve the housing choices of those who work to make this city the fantastic place that it is, I am opening up the market, cutting red-tape and injecting £100million  worth of investment to stimulate supply.

“The programme we are announcing will not just unlock the door to home ownership for thousands more Londoners, it will give a welcome shot in the arm for jobs in the capital’s construction industry and spur wider economic growth too.”

The first homes are expected to be available for sale in early 2013 with completions ranging up until March 2016.

Good News for the Trades as Three Firms Announce to Build New Homes in Scotland

Three of the leading UK housebuilders are set to build thousands of new homes as part of a major transformational project in Bishopton, South West Scotland, creating new jobs in the building construction sector. 

Taylor Wimpey, CALA and Persimmon have reached an agreement with the defence giant BAE Systems to build around 600 energy efficient homes on the former Royal Ordnance Factory site in Bishopton.

More than 2,500 new homes will be built over the 15-year development programme, making this one of the most exciting property developments taking place in the UK at the moment.

Construction work on the first phase of the £32 million residential development is scheduled to start in September 2012. During its construction phase, the project is expected to create around 4,000 full and part-time employment opportunities for local residents and people in the trades.

Project Director for BAE Systems, Lynda Johnstone, said: “It is testament to the scale and quality of the transformation project that it has sparked the high level of interest from property developers of the calibre of Taylor Wimpey, CALA and Persimmon.

“The multi-million pound regeneration programme will see high quality homes in the area and deliver a new community, which alongside the housing development will include a new primary school, library, community centre, leisure facilities and woodland park to complement the existing friendly, close-knit village feel of Bishopton.”

The regeneration is expected to deliver significant employment and business opportunities with the first homes going on sale in early 2013.

What is your reaction on the development programme that will build energy efficient homes and create new jobs for people in the building engineering industry?  Share your thoughts by commenting here or raising your voice on our Facebook page.

Go to Top