New homes planned for Bristol
The Homes and Communities Agency (HCA) has announced the provision of additional funding for the creation of up to 200 new homes as part of the ongoing Bristol Harbourside project.
A new £12 million investment will help to unlock the first phase of the project over the coming months and will support the delivery of 194 new homes and retail spaces in the area.
Work on this initial development is expected to be completed by the end of 2015, with a further 625 apartments, a new hotel and up to 250,000 sq ft of additional retail space to be provided over the coming five years.
This is the largest investment to date from the government's Get Britain Building initiative and represents a key milestone for Bristol in helping to tackle the city's ongoing lack of affordable housing for residents.
HCA executive director for the south and south-west Colin Molton said: "The Harbourside has been a hugely successful project, which has transformed the former docks. This investment will build on that success by delivering new homes and safeguarding jobs that will be hugely welcome to the local economy."
The project was first mooted five years ago, but has faltered recently as a result of a lack of sufficient funding for the ambition redevelopment plans. However, this situation has now been rectified and construction work is planned to get underway in the coming months.
Elsewhere, the HCA recently revealed a £1.17 million investment in the provision of new homes in Kirklees. Up to 18 sites across the area are to be renovated over the coming months, with the project taking place as part of the second phase of the department's ongoing Get Britain Building programme.
Mark Harrington, project manager at the HCA, said: "It is satisfying to see how our investment ... is being spent to not only create homes but also support local businesses and help safeguard local employment."
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