£1.8m funding for new Gateshead housing development gets go ahead
Public body Homes England has agreed a £1.8m funding deal with Gateshead Council to develop new family housing in Clasper Village.
Awarded through the government’s £450m Local Authority Accelerated Construction Programme (LAAC), the funding will allow the 12 acre brownfield site west of Gateshead town centre to be transformed into a residential development, comprising 2, 3 and 4 bedroom houses as well as 2 bedroom apartments.
Gateshead Council has already invested significantly in the Clasper Village site including funding the demolition costs, as part of a multi-million pound investment in the town’s housing.
The Chief Executive, Sheena Ramsey, said: “Clasper Village’s £30 million transformation will be a game-changer for the borough’s economy in terms of new homes, construction jobs and growth and is part of an ambitious programme of house building we have in Gateshead. “It’s fantastic to have the support of Homes England as we transform and invest in the borough.”
Stephen Kinsella, executive director for land at Homes England said: “This funding will enable Gateshead Council to accelerate their plans by enabling them to prepare this site for development and bringing forward the construction of much needed new homes.”
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