Plymouth Community Homes (PCH) has received confirmation of much-anticipated funding to complete the final phase of the North Prospect development.
Homes England has confirmed that PCH will be awarded £3.77M in grant funding to enable the completion of the 15-year long programme.
The final phase of the immense project will see 196 homes built by contractors Vistry Partnerships – 87 for affordable rent, 38 for shared ownership and 71 for private sale through Linden Homes (the sales arm of Vistry Partnerships).
Andrew Lawrie, Head of Development for PCH, said: “This announcement is the final piece in the North Prospect funding jigsaw and is fantastic news for PCH, the estate and the city as a whole. We started the final phase with our Board’s approval in 2019, despite not having confirmation of this much-needed funding, because we have always been absolutely committed to fulfilling our promise to deliver the complete redevelopment of North Prospect.
“This funding from Homes England means we have more financial flexibility to push ahead with our ambitious plans to develop 1,200 homes by 2025 for future generations of people with housing needs in Plymouth and the surrounding areas. It’s a real victory for social housing in Plymouth and demonstrates resounding support for the North Prospect project.”
Work on the final phase of North Prospect began in 2019 with the demolition of existing homes and preparation of land ready for foundations to be laid. This last stage is set to cost a total of £33.4M and take around five years, completing in 2025.
Nick Jackson, Director of Business Services and Development for PCH, explains: “North Prospect remains one of the largest redevelopment schemes delivered nationally and the largest and longest in the South West, having begun shortly after transfer in 2009. It is a major achievement to have secured local and national funding throughout the lifetime of this enormous regeneration scheme and is testament to our partnerships with Plymouth City Council, Homes England and the Department for Levelling up, Housing and Communities during a time of significant political change. By working together, we are set to achieve the complete transformation of an entire community.”
The North Prospect changes began in 2010 and has seen the demolition of almost 800 poor quality homes along with the refurbishment of another 300. Once complete, they will be replaced by 1,100 new homes which are more energy efficient and designed for modern living.
Councillor Vivien Pengelly, Cabinet Member for Housing at Plymouth City Council, said: “The rejuvenation of North Prospect is a vision that has been shared by the Council and politicians from all parties for many years. Now the end is in sight and it’s an achievement we should all be incredibly proud of – it’s an area whose fortunes have been turned around. Most crucially, it has not lost its community spirit as many of the original residents have chosen to stay alongside new residents in a refreshed, vibrant neighbourhood.”
Many of the original residents of North Prospect have been rehoused in brand new homes built in previous phases. The mix of housing now includes private owners, shared owners and social housing tenants, which helps to create a diverse community.
Crime and anti-social behaviour have reduced in the area and satisfaction with new homes is around 93% according to a recent survey of residents by PCH.
PCH has invested £100M into new build development in North Prospect over the last decade, with Plymouth City Council providing £2.2M plus support to gain a further £2.3M from the Housing Investment Fund and Homes England also contributing around £26M.
A Homes England spokesperson said: “Homes England are pleased to be supporting Plymouth Community Homes’ ambitions to build new homes, and our investment through affordable housing grant allows us to do that. This funding at North Prospect will make a tangible difference, enabling Plymouth Community Homes to deliver much needed new additional affordable homes in Plymouth.”
The final phase of North Prospect is known as Mayflower Leat and is made up of 1, 2, 3 and 4 bedroom homes for outright purchase, shared ownership and affordable rent.
Linden Homes are currently marketing properties for outright purchase and SO Living, the sales-arm of PCH, are marketing homes for shared ownership.
Jenna Waters, Sales Director for Vistry Partnerships South West, said “We are delighted to be working with PCH to complete the final phase of redevelopment at North Prospect. Developing sustainable new homes and communities is at the heart of what we do and being able to see the community thrive at Mayflower Leat is testament to the great partnerships we have developed with PCH. This final phase is one which we can all be proud of, creating vibrant and sustainable places for local people to live.”
For more information about the North Prospect scheme, please visit PCH’s website at www.plymouthcommunityhomes.co.uk.