£9.9m boost to build main route through Fairham Pastures development
1 February 2018
Rushcliffe Borough Council has welcomed a successful £9.9m bid to a central government grant to fund a new main road through the recently approved Fairham Pastures development.
The Ministry of Housing, Communities and Local Government confirmed today the successful bid to its HIF (Housing Infrastructure Fund) that will finance the main route through the site, potentially accelerating its proposed 3,000 homes, subject to final negotiations.
It could also allow the Council to negotiate a higher volume of affordable housing with developers as part of the plans.
Cllr Roger Upton, Cabinet Portfolio Holder for Housing and Planning at Rushcliffe Borough Council said: “We very much welcome this HIF funding that will allow developers to greatly improve the pace of delivering homes on the site.
“We have invested a huge amount of time and effort to secure this significant funding and we’re delighted it has been confirmed.
“We have some major challenges of delivering over 13,000 homes across the borough in the next decade and this is a major boost for one of our strategic housing sites.
“It should minimise any delays with the road infrastructure on the site and help the developers build these much needed homes for Rushcliffe and surrounding areas.
“This announcement will also assist delivery of more employment opportunities to this part of the borough as the road will also service the 20 hectares of employment land allocated to this site in this new ‘Gateway’ development.
“Central government will work with us over the coming months to progress details.”
Councillors agreed outline planning permission for the site on January 25 for the new homes, community facilities and employment land at Fairham Pastures, to the south of Clifton.
It also included the 100,000sqm of employment land that could generate in excess of 2500 new jobs, provision for new shops, community buildings, health centre and a new primary school.
The £5 billion HIF is a government capital grant programme to help unlock new homes in areas with the greatest housing demand. Funding is awarded to local authorities on a highly competitive basis.