Skip navigation

Gloucestershire Business News

Details of 455 home development deal revealed

A multi-million pound partnership between a national housebuilder, housing association will see hundreds of new affordable homes built in Gloucestershire.

The housing association, which has a major base in Cirencester, has secured the deal with Taylor Wimpey to build 455 homes at Innsworth, just north of Gloucester.

Bromford's homes will be a mixture of one to four-bedroom houses and flats for rent and shared ownership and 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.

Martyn Blackman, Bromford's executive director of new homes, 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 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: "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 10 times average earnings, which is increasingly pricing many out of the housing market and increasing the demand for affordable homes."

Amy Thomas, acting land director for Taylor Wimpey Bristol, said: "By working together, we look forward to bringing a range of affordable housing, from one and two bedroom flats up to four-bedroom houses to market as part of the development and providing a wide range of choice to our customers."

Earlier this year Bromford finalised a £100m private placement with North American investors to fund its growing development ambitions and secured £66m in funding after becoming one of Homes England's strategic partners.

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.

Related Articles

VIDEO: Last piece of Gloucester Quays for sale Image

VIDEO: Last piece of Gloucester Quays for sale

Gloucester-based Numold is to sell its canalside property in the middle of Gloucester Quays after 30 years.

GE Aerospace sees orders and profits soar Image

GE Aerospace sees orders and profits soar

GE Aerospace has raised its full-year profit guidance after releasing its first quarter financial results.

Auction: 11 retail units for sale in Cheltenham Image

Auction: 11 retail units for sale in Cheltenham

Winchcombe Street shops go under the hammer.

Decathlon extends sustainable sport gear scheme Image

Decathlon extends sustainable sport gear scheme

Sports retailer, Decathlon, has expanded its sports gear buyback scheme.

Copyright 2024 Moose Partnership Ltd. All rights reserved. Reproduction of any content is strictly forbidden without prior permission.