Consortium to deliver 4,000 homes in Hull
Hull and East Riding will benefit from 4,000 new houses as a result of a new partnership between the city's council and a consortium of developers.Known as KSHP, the consortium is made up of housing developers Keepmoat Limited and Strata Homes Limited along with affordable housing provider Home Group Limited and commercial property specialists 'Priority Space'. The consortium will attract in excess of £500 million of private investment to the area over a 13-year period, in one of the city's largest, most widespread and longest housing regeneration programmes.As well as much-needed new homes, new employment and training opportunities will be created by the consortium. A target has been put in place to source 85 per cent local labour and 300 apprenticeship opportunities through the development. Initially, 236 council homes are to be constructed, starting in spring 2015 on cleared sites within the Preston Road area.Some 98 new homes are to be built at the Portobello Street and Marfleet Road site, along with 71 new properties at former Greif site on Southcoates Lane and 67 at Ganstead Grove.The Homes and Communities Agency's affordable housing programme 2015-18 will part-fund this housing.Hull City Council was awarded the single largest national allocation for a local authority from this pot, with funding secured to deliver 414 new homes over the period across the city. Councillor John Black, portfolio holder for council infrastructure and responsible for housing, said: "One of the consortium's strengths is its approach to delivering local labour and creating apprenticeship opportunities. "This is key objective for the council in delivering the aspirations of creating jobs and training outlined in Hull's ten-year City Plan."Mark Knight, managing director for Keepmoat Homes Yorkshire, said: "We are delighted to be part of this major transformational project," adding that it will enable the firm to continue its long-term commitment to the city.
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