New homes to come from Growth Deals projects
Thousands of new homes are to be built as part of a wider plan to boost local economies through a series of Growth Deals, the government has announced.At least £12 billion has been earmarked for projects across the country, including a scheme that will see thousands of new homes built between Swindon and nearby Wichelstowe.A total of £23 million has been allocated for a new road tunnel linking Swindon and the Wichelstowe site, which is already home to properties from developers such as Taylor Wimpey and Barratt. Wichelstowe, which is split into three community areas, began as a collaboration between Swindon Borough Council and Taylor Wimpey. The agreement between the two parties was reshaped in 2009, meaning Taylor Wimpey has responsibility for developing East Wichel, while the council oversees Middle and West Wichel.The government estimates the project will create thousands of jobs in the area and deputy prime minister Nick Clegg said the aim of the Growth Deals is to end the culture of "Whitehall knows best"."We're placing the power and money in the hands of the people who know how to spend it best, making a real difference to local communities," he remarked, adding the jobs, homes and transport links created by the schemes will result in a "stronger economy and a fairer society".The Wichelstowe project is part of the first wave of schemes, which are set to begin in 2015 to 2016 using £6 billion in funding. Approximately 150 housing developments nationwide are expected to benefit from the money, although further details on these projects have not yet been released.
--- Ends ---