HCA invests £7m in East Midlands
The Homes and Communities Agency (HCA) has announced it will invest more than £7.4m in the East Midlands. The projects, which have been on hold following the Treasury's freeze on spending commitments, is set to create hundreds of new homes across the region.
The developments will take place areas in Derbyshire, Nottinghamshire, Leicester and Leicestershire, Wellingborough and Lincolnshire.
The Abbey Park Road scheme in Leicester is one of two major housing regeneration areas for the city and development work on the site will include the start of a new spine road that will open up further land for development.
In Wellingborough, the Eastfield Road development, which is subject to contract, has been identified as one of the borough’s highest priority housing schemes.
It is due to include the Stanton Cross urban extension comprising about 3,100 new homes.
Margaret Allen, director for the HCA East Midlands, said: “By investing in these sites we will help to unlock more affordable homes and create employment and training opportunities for local people.
“We have worked closely with the local authorities to invest in schemes that they place as major priorities and will help achieve their housing and regeneration aspirations they have for the area.”
The HCA’s investment was made available through the £390m of government funding it secured in July this year.
