Posts tagged housing scheme

£10 billion fund could build 300,000 new homes a year and create new jobs

The Future Homes Commission has set out plans to fund a three-fold increase in the number of new homes being built every year, paving the way for new jobs in the trades.

The Commission, set up by the Royal Institute of British Architects, has called on Government to use council pension pots to fund a massive housing programme that could see the building of 300,000 homes a year and boost the construction industry.

The Homes Commission argues for the creation of a new £10 billion Local Housing Development Fund, financed by the largest Local Authority pension funds, that would use 15% of their assets to invest in new rental and shared ownership housing.

The new scheme would play a lead role for the government to use localassets to lead the creation of sustainable communities and meet local housing needs as well as create thousands of jobs in the building construction industry.

A similar approach to that proposed is being pioneered by Manchester City Council, which is working with the Greater Manchester Pension Fund to build 244 homes.

The city council will release land into the joint venture at fair market valuation and GMPF will inject £25 million to pay for building work.

Both partners will then receive a capital payment on the sale of houses and an annual revenue return.

£70m Black Country Housing Scheme Reaches Out for New Jobs

Plans to build hundreds of new homes in Sandwell are closer to breaking ground after three housing developers have been named to deliver the scheme.

Sandwell Council has selected Kier Partnership Homes, Barratt Homes and Compendium Living to build homes in West Bromwich, Smethwick and Wednesbury.

The scheme, partly funded by the Homes and Communities Agency, will see the building of 768 new homes by 2015. The developments will include family homes, bungalows for older people as well as properties for private sale and for social rent.

Businesses and jobseekers are set to benefit from the scheme which is expected to generate more than £70 million worth of construction work and create hundreds of new jobs with local employers.

The three developers have signed construction pledges to work with local suppliers and the council’s Think Local and ‘Find It In Sandwell’ initiatives which will boost employment and help people in the trades.

Councillor Simon Hackett, cabinet member for housing, said: “We’re pleased to announce partners who will help turn our vision for the future of housing in Sandwell into reality.

“We’ll be providing residents with an excellent range of affordable homes for local people to buy, part-own and rent and consult with local people about the new homes we plan to build.”

Assad Hamed, area manager for the Homes and Communities Agency, said: “We know through working closely with Sandwell Council that increasing the supply of affordable homes in the borough is a big priority and we are pleased our investment is supporting this.

“Getting all three schemes up and running will be a major boost for local communities in Sandwell as they will see lots of activity happening across the borough and will benefit from the impact of local jobs and economic growth.”

Council to Create 500 New Trade Jobs

“Development to generate plenty of employment opportunities for people in the trades”

A council has given the go ahead for a £430 million housing regeneration scheme to build 1,600 new homes and refurbish a further 1,200 existing homes, creating hundreds of new jobs in the trades.

After a 4-year consultation period with the local community in Pendleton, the multi-million scheme is going to be delivered by SP+ consortium, which includes Chevin Housing Association, Keepmoat, Harewood Homes and Latham Architects, creating opportunities for local suppliers and trade professionals to benefit from work contracts.

The housing improvement scheme will create 500 new jobs in the building construction sector, many of them in the plumbing, electrical and gas-engineering industry. The huge project is set to create   2,000 work experience placements for apprentices and people looking to enter the trades.

As well as housing, the scheme will also provide new sports pitches, green space, walk ways, cycle paths, an extra care facility, new shopping promenade and new sports pitches at the Fit City development.

Councillor Gena Merrett, Assistant Mayor for Housing and Environment at Salford City Council, said: “Now that we have approved plans the contractors will be able to get on site and start creating a new Pendleton.

“The plans put forward by the preferred bidder not only build new housing, they will also make the most of what is already there, refurbishing some of the existing properties and creating parks and green space that will create a much nicer environment for local residents to enjoy.”- said Councillor Merrett.

What is your reaction to the £430 housing regeneration scheme that has been given the go ahead by Salford City Council? Share your thoughts by commenting here or raising your voice on our Facebookand Twitterpage.

£82 million refurbishment Scheme, Vale of Glamorgan, to Create New Trade Jobs

“Electricians, gas engineers and trade professionals to benefit from the housing scheme”

Thousands of homes in the Vale of Glamorgan will be renovated as the Council appoints four building contractors to deliver £82 million refurbishment scheme that will create new jobs for plumbers, electricians and trade professionals.

Work on the multi-million scheme will include renewal of kitchens, bathrooms, rewiring, heating systems, windows, doors and roof systems.

The four-and-a-half year programme, which is due to start in September 2012, will see all council homes in the Vale brought up to the Welsh Housing Quality Standar (WHQS).

The winning contractors, Lovell Partnerships, Ian Williams, Apollo Property Services and SMK Building & Maintenance, were appointed after an extensive procurement exercise, the Council said in a statement.

Leader of the Council, Neil Moore, welcomed the appointment of the four contractors, emphasising the wider economic benefits to the local economy, paving the way for more employment opportunities in the trades and the creation of new jobs.

Mr Moore said: “We have appointed experienced contractors to deliver this programme and I am confident that tenants will be pleased with the work that is carried out.

“Not only will all council properties be upgraded, but there will be wider benefits delivered by increasing local jobs and apprenticeships in the area and spending the local pound within the Vale. This is good news for the local economy.”

The Vale of Glamorgan Council said that some of the refurbishment work will be undertaken by its own building services department, mainly on sheltered housing accommodation across the Vale.

What is your reaction to the £82 million renovation scheme which will improve living standards and bring more employment opportunities for people in the trades? Let us know what you think by commenting here or raising your voice on our Facebook and Twitter page.

The Get Britain Building Programme Will Unlock Funding to House Builders

Housing developers facing financial difficulties will be able to bid for at least £100 million of investment to get work restarted on stalled sites under the Get Britain Building Programme, the Homes and Community Agency (HCA) has revealed.     

The Get Britain Building programme was introduced in November 2011 as part of Government’s Housing Strategy for England to boost construction activity by delivering more than 15, 000 new homes.

Following the announcement by the HCA, housebuilders with as few as 15 houses, which have been suspended, will have the chance to put their bid forward until 25 July 2012.

Development is underway on sites in Ashford, Kent and Bath whilst funding has been allocated to 40 schemes set to deliver more than 3,200 new homes once contracts are agreed.

Chief Executive at the HCA Pat Ritchie said: “It has been a tremendous effort from the industry and the HCA to get this programme up and running, and with more than £110 million allocated I look forward to seeing these developments progressing to build much needed housing.

“We will continue to be thorough in our due diligence, and will only support those schemes backed by the community, which boost the local economy and provide a secure and value for money investment for the taxpayer.” – added Ms Ritchie.

Do you think the new funding as part of the Get Britain Building programme will help your business and boost construction activity in England? Share your thoughts by commenting here or raining your voice on our Facebook page.  

Persimmon Boss Unveils Plans to Build 5,000 New Homes in Wales

 

Housebuilder Persimmon Homes has revealed a £800 million investment plan to build 5,000 new homes across Wales that could create and support 10,000 jobs in the supply chain according to government estimates.

The announcement comes immediately after the company’s newly appointed Managing Director for Wales, Glyn Mabey, showed a sheer determination and strong commitment to head up the £800 million plan to build thousands of new homes in Wales.

The significant investment is expected to boost the building construction industry, create new jobs and provide employment for people in the trades. Mr Mabey believes that building new homes needs to be taken seriously by politicians and local government.

He said: “Aside from providing homes for a great number of people, which is important in its own right, we create a huge number of jobs on site and through our supply chain. The more we do the more jobs we create. It really is that simple”

Following the appointment of Mr Mabey, who will also be responsible for the Charles Church and Westbury Partnership brands in Wales, Persimmon is planning to open a new head office for the West Wales region, making an additional investment around the Swansea area that will benefit communities and boost the local economy.

Mr Mabey believes this additional expansion to company’s already strong presence in East Wales will continue to grow, becoming part of the fabric of the communities in which the company operates.

Mr Mabey said: “Having covered both England and Wales in my career I remember a time when Welsh Local Authorities and politicians were hugely proactive, creative and welcomed development with open arms, recognising the wider economic benefits it brought and the wealth creation generated by the economic activity. “

“We need to get back to that and Politicians and Officers need to show leadership and bravery to kick down hurdles preventing development from happening, rather than constantly allowing new layers of regulation and bureaucracy which slows everything down.” added Mr Mabey.

What is your reaction to the £800 million investment plan to build 5,000 new homes in Wales? Share your thoughts by leaving a comment here or raising your voice on our Facebook page.


NewBuy Scheme to Help the Building Construction Sector

Prime Minister, David Cameron, has today launched a new housing scheme for England which will boost demand for newly built homes and increase employment in the building construction sector.

Under the new loan guarantee programme, NewBuy, the government is investing £1 billion into an affordable mortgage guarantee scheme which will help up to 100,000 people across England to buy their own home by paying a lower deposit rate.

Andy Gray, head of mortgages for Barclays, said: “We believe this will boost housing market confidence and support the flow of new housing, providing positive consequences for jobs and the economy as a whole.”

Speaking at a construction site in South London today, Mr Cameron said that the government will do everything it can to help those who want to buy their own home. The Prime Minister believes the new scheme will boost the construction industry and unlock the housing market.

Mr Cameron said: “The problem today is that we have lenders who are not lending, so builders cannot build, so the buyers cannot buy and it needs the government to step in and help unblock the market.”

The NewBuy housing scheme will boost the supply of properties, increase employment opportunities for people in the construction industry and provide affordable mortgages to those with lower incomes. The scheme is also expected to boost the national economy by the construction of additional homes.

What is your reaction to the NewBuy scheme announced by Prime Minister Cameron today? Do you think it will help home buyers with lower incomes to secure their first home? Share with us what the benefits will be for the construction sector by leaving a comment below: 

Big Jumps in Profits for House Builders as Residential Investment Continues to Grow

House builders across the UK have seen a rise in their operational margins for the second half of 2011 as residential investment property delivered a return of 11.3% last year according to statistics published today by the Annual Residential Property Index.  

One of UK’s largest home builders, Taylor Wimpey, has doubled its operating margins from 6.4% in 2010 to 10.1% for the last quarter of 2011 as the house market continued to improve.

Taylor Wimpey’s operating profit jumped to £159.5 million for the last year, representing an increase of 81% compared to operational profit of £88.3 million for 2010.

Growth in the housing market is considered to be a result of the continual government investment aiming to build more new homes all over the UK. It has recently invested £250 million in affordable housing schemes and made proposals to sell off public land to encourage house-building projects.

Chief executive at Taylor Wimpey, Pete Redfern, said that company’s performance is a result of a continual focus, significant improvement in margins and return on capital.

Mr Wimpey said: “While wider economic conditions remain uncertain, the UK has seen a period of continued stability in the underlying housing market and strong growth across a number of areas as shown by our order book. We feel well-positioned to deliver further improvement through our value-driven strategy.”

Are you optimistic about future growth in the housing market and what it would mean for you? Share your thoughts by leaving a comment below: 

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