340 new affordable homes will be built in the West of England thanks to a commitment from local housing association Curo to invest £25m of government funding in the region.
A Strategic Partnership agreement between Homes England and Bath-based Curo has been agreed, with support from the West of England Combined Authority, which is working with partners to build more much-needed affordable homes, more quickly.
Curo and the West of England Combined Authority have been working together to enable a commitment that the funding will deliver homes in the West of England.
As part of this Strategic Partnership, secured in collaboration with Essex-based Swan Housing, Curo has agreed to earmark £25m to deliver more than 340 new affordable homes within the region over the next five years. The scheme has been made possible by a government grant from Homes England, the government body sponsored by The Ministry of Housing, Communities and Local Government (MHCLG), whose purpose is to accelerate the delivery of new homes.
This will begin with proposals to build up to 47 new affordable homes at Broadbury Road in Filwood, Bristol, and a planning application is currently being prepared.
Victor da Cunha, CEO of Curo, said: “We’re very pleased to be working with the West of England Combined Authority, Homes England and councils in our region to deliver these new homes. We work in an area which experiences acute housing affordability issues; building new housing will provide hundreds of local families with secure, long term homes.
“We very much welcome the government’s provision of grant funding through the Strategic Partnership scheme; it recognises Housing Associations’ key role in addressing the country’s housing crisis and allows us to accelerate our investment and build programme.”
Tim Bowles, West of England Mayor, said: “This partnership is responding to our need for more affordable homes, by committing to major development in our region.
“We need more homes for our residents to buy and rent. We need homes in the right places and at prices people can afford. The West of England Combined Authority is proud to support this partnership, and I am confident that it will deliver successful places where people will aspire to be.”