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Coast & Country to inject £47m in Redcar

ONE OF THE North East’s largest regeneration and housing companies is set to plough £47m into the seaside town of Redcar, creating 45 jobs for the region.

Coast & Country has announced a major regeneration project on The Closes Estate and the news has come as a welcome surprise to an area hit hard by the Corus steel plant closure.

Part of plan to transform The Closes will be a local employment initiative, where people living in Redcar and Cleveland borough will take up 60 per cent of the new jobs created.

Iain Sim, Coast & Country Chief Executive, said: “Our regeneration work is not just about bricks and mortar, but also helping bring jobs and skills to the area.

“We have already proved that a significant proportion of jobs created by a housing regeneration scheme can be filled by local people and are confident that a similar employment boost can be achieved at The Closes.”

Residents in the area are currently being consulted about The Closes scheme, which will involve the demolition of more than 300 properties. These will be replaced with around 330 new homes, including a retirement village supporting independent living.

A similar scheme already has proved a success at Coast & Country’s nearby Steeplechase development, where £20m is being invested to build 173 modern houses. Here 25 Redcar and Cleveland residents have employed along with 10 apprentices engaged.

The project will comprise five phases and is expected to be completed by 2015.

This was posted in Bdaily's Members' News section by Ruth Mitchell .