£83m for roads, cycleways and landscaping at 3,000 home Fairham scheme just outside Nottingham
The government has agreed to help support 3,000 homes on a proposed development site outside Nottingham.
The funding will help build the infrastructure for Fairham, a 606 acre mixed-use development that will also include a new school, community center, health center, sports fields, community parks and woodland.
There will also be over 1 million square feet of work space.
The site on the southern outskirts is close to East Midlands Airport, the M1 motorway and the tram system.
The money for the infrastructure will help provide new roads, bike paths, utilities, and landscaping.
Homes England, the government housing delivery agency, acquired 250 acres of the 606 acre property in May 2019 and is working with Clowes Developments of Derbyshire as the lead developer to provide the primary infrastructure necessary to create “high quality, sustainable” infrastructure City expansion ”.
About £ 62 million of the funding comes from Homes England’s £ 1.3 billion Land Assembly Fund, and Clowes Developments has received a £ 21 million loan from the Home Building Fund.
The Minister for Housing, Rt Hon Christopher Pincher, said: “This is fantastic for Nottinghamshire and the East Midlands, not only because we are building 3,000 new homes, but also for the boost it will bring to jobs and the local economy.
“This is part of our mission to better manage the pandemic and provide the homes this country needs.”
Gordon More, Interim Chief Executive of Homes England, said: “This is a major milestone for Fairham and it means work can begin in earnest.
“As the country ponders recovery from the Covid-19 pandemic, large projects like this not only meet the demand for high quality new homes, but also support the housing sector by creating a pipeline of work that provides much-needed stability.
“We have worked hard with Clowes Development and Rushcliffe Borough Council to ensure our plans for Fairham help meet local needs and provide facilities that the entire community can enjoy.”
Robert Hepwood, Director of Land and Planning at Clowes Developments, said, “This government funding package is really helping us move forward locally in Fairham and realize our vision of a green and distinctive new district for Nottingham.
“By working with public authorities, we can now accelerate the creation of new jobs and new homes for Nottinghamshire. We are sure that this year people will see further progress on the ground with our first new homes due to start construction in the fall. “