Eleven affordable housing schemes across Cambridgeshire and Peterborough are set to receive a cash injection to accelerate the delivery of housing in the area.
The Cambridgeshire and Peterborough Combined Authority (CPCA) will meet next week to agree £4.56m of grant funding to 11 schemes for 253 affordable new homes split across all the partner local authorities.
All schemes are expected to start on site before the end of March 2018, with a number of projects commencing before the end of this year.
The funding due to be agreed at next week’s Board meeting includes two sites in Peterborough.
Commenting on the developments, Councillor John Holdich, leader of Peterborough City Council and deputy mayor of Cambridgeshire and Peterborough, said: “This vital funding would mean that both sites in Peterborough can be 100% affordable housing and their construction can be accelerated. Working in close partnership with Cross Keys Homes around half of the homes would be for affordable rent, including the sites at Newark Road and the former John Mansfield School site, with levels set at 80 per cent of market rent, with the rest being shared ownership properties.
“Following on from the funding awarded to progress the city’s University plans and other projects now being supported across the county, this shows the positive impact that the Mayor and the Combined Authority are having on our community and those throughout Cambridgeshire.”
Cambridgeshire and Peterborough Combined Authority portfolio holder for new homes and communities, and Leader of South Cambridgeshire District Council, Peter Topping, said:
“These 11 sites are the start of our ambition to do something radical to support people's housing needs. By committing an initial £4.56m of grant funding, we will allow developers to forge ahead with the delivery of the much needed homes in our area.
“Next week we are hosting a housing summit with developers, builders and providers from the region, where we will be discussing our aims and objectives for accelerating the delivery of 100,000 homes over the next 20 years.”
The housing summit, which will take place on Monday 24 July at South Cambridgeshire Hall will consider how the private and public sector will work together to accelerate and sustain the delivery of the much needed homes in Cambridgeshire and Peterborough as well as identify any potential barriers and discuss solutions.
Mayor for the Cambridgeshire and Peterborough Combined Authority, James Palmer, said: “Housing is one of the most important elements of my 100 day plan. I wanted to ensure that we hit the ground running with vital provision and funding so that local people can see how seriously we are taking the problems they are facing today.
“It’s equally important to meet with developers, builders and providers who will be instrumental in helping us achieve our ambitious long term targets. By starting the conversation now, we can ensure that the development of the Combined Authority’s strategy for housing delivery is informed by the region’s industry specialists.”
The Combined Authority received a £100m housing and infrastructure fund from Central Government to deliver new affordable homes over a five-year period in Peterborough and Cambridgeshire. This includes the delivery of affordable rented and shared ownership housing.
Cambridge has received a separate ring-fenced £70m grant fund to build more council rented homes in the city.