Housebuilder confirms partnerships to provide thousands more new homes
Kier Living has reiterated a £1bn plan to help the public sector build 10,000 new homes across Britain, allowing local authorities an housing associations to deliver a range of homes for sale and rental.
The New Communities Partnership sees the award-winning housebuilder work with The Cheyne Social Property Impact Fund (managed by the UK-based investment manager Cheyne Capital) and The Housing Growth Partnership (a joint venture between the HCA and Lloyds Banking Group).
The confirmation of the scheme, originally announced in May 2016, comes just a few days after the Secretary of State for Communities and Local Government, Sajid Javid, announced a three-pronged, multi-billion pound government initiative to fund more new homes in order to meet the confirmed Conservative target of one million new homes by 2020.
The partnership enables public sector organisations to determine the appropriate mix of tenure for their development site, with a proportion of homes for sale and homes for rent, without the need for grant funding. This will allow them to create homes for the open market, both at full and discounted prices, alongside 'affordable' homes available through other means, including full-market and discounted rentals, as well as homes designed specifically for the needs of the elderly and the disabled.
This way, the public sector clients can earn money from their land and also offer opportunities to their local communities through improved economies and a range of apprenticeships and jobs.
John Anderson, executive director of Kier Living, says: “We very much welcome this government commitment to housing delivery and the demonstration that it is listening to industry concerns. Industry leaders have been calling for more innovative ways to deliver the number of houses that the country needs. Innovation that can bring more land forward and speed up access to sites to build on.
“We believe that our New Communities Partnership has a big role to play in helping to unlock public land. It will bring scale and momentum to Kier’s tried-and-tested mixed-tenure housing delivery model, for public sector clients across the UK who hold land but don’t have the capacity to develop new housing.”
Kier currently builds over 30 developments of its own, from Scotland to Hampshire and Cornwall to Norfolk. With around 2,300 new homes created annually right now, the company aims to build 4,000 homes of its own every year by 2020.