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£9m investment into new homes in Bath

More than 280 new homes are set to be built after the West of England Combined Authority (WECA) approved £9 million investment in the Bath Riverside area.

Funding for the new homes has been made available from the Combined Authority’s land acquisition fund, which aims to speed up house-building.

It will enable Bath & North East Somerset Council to buy land at Bath Riverside, supporting low carbon development including new homes and a new school.

Tim Bowles, West of England Mayor, said: “This investment will help make sure much-needed homes are built more quickly. We need more homes for our residents to buy and rent – in the right places and at prices people can afford.

“The West of England Combined Authority is proud to support the council by investing in Bath Riverside through the land acquisition fund. I’m confident that the project will deliver a successful place where people will want to live.”

Bath Western Riverside is a key part of the council’s five-year housing supply plans, and is the largest allocated brownfield housing site in the city. It is anticipated that the Bath Riverside development could deliver approximately 285 homes (including 205 accelerated) commencing in 2024/25 – at which point the original investment will be returned to WECA enabling further investments of this type across the region.

The West of England Joint Committee also approved £110,000 to Bath & North East Somerset Council, through the Revolving Infrastructure Fund, to support a study into a district heat network for Bath Western Riverside. WECA’s original investment is also expected to be replenished.

2019-10-11T10:25:13+00:00 October 11th, 2019|