Bromford has entered into a multi-million pound partnership with a national housebuilder to deliver hundreds of affordable homes in Gloucestershire.
The association has secured a deal with Taylor Wimpey to build 455 homes at Innsworth, in Gloucestershire. It represents Bromford’s biggest deal of this kind to date. The homes will be a mixture of one to four-bedroom houses and flats for rent and shared ownership. They are part of a larger development of 1,300 homes being built on the site along with infrastructure, a business park, and a primary school.
Bromford’s executive director of new homes Martyn Blackman said:
“We’re delighted to confirm this partnership with Taylor Wimpey which is the biggest in our history and strengthens our already excellent relationship with them.”
“We’re committed to investing in building new homes to help meet the rising demand for affordable homes. We’re already one of the biggest builders of affordable homes in the country and aim to build on this to deliver 14,000 new homes by 2028.”
“To meet this goal we will be seeking further opportunities to work together with housebuilders on projects like this one with Taylor Wimpey, as well as increasing the number of new homes we develop ourselves.”
James McLoughlin, business development lead at Bromford, added:
“We’re excited to be working with Taylor Wimpey to provide affordable housing for hundreds of local families. Gloucestershire is an important area for us and the addition of these homes will help to tackle the housing crisis here.”
“House prices across the county are more than ten times average earnings, which is increasingly pricing many out of the housing market and increasing the demand for affordable homes.”
The deal between Bromford and Taylor Wimpey is the latest in a string of partnerships between the two organisations, who are already working to deliver more than 340 affordable homes at other sites. The first homes at Innsworth are due to be completed in 2020-21, with the rest completed in phases up to 2029.
By Patrick Mooney, Editor