Northamptonshire will see the construction of two residential schemes that will bring around 8,500 homes, as well as schools, leisure and commercial space. After securing a £70 million loan from Homes England under its £4.5 billion Home Building Fund, the schemes will move forward.
“I am delighted to hear shovels are already in the ground as builders set about delivering 8,500 much-needed homes so more people can realise their home-owning dream. We are making the housing market work, and Homes England’s £70 million loan will unlock the development so we can invest in the properties our country needs,” said Kit Malthouse, Minister of State for Housing.
Moreover, the Kettering and Wellingborough developments will create around 3,000 jobs in the areas. Roads, utilities and other works will also be delivered to enable the delivery of homes at Kettering and at phase one of the site at Wellingborough.
Speaking of Homes England’s role in delivering the sites, Sir Edward Lister, Chairman of Homes England commented: “We’re working with partners across the country to ensure land is available to build more new homes where they’re most needed. Providing infrastructure upfront is key to unlocking significant housing growth and Homes England’s investment in Kettering and Wellingborough will enable two major housing projects to be delivered after many years of delay.”