Council to kick-start stalled housing sites
DEVELOPERS are being offered an incentive to start building homes through a new £1 million council fund.
Cheshire East Council is offering grants of up to £150,000 to help firms and social housing providers whose development projects have stalled due to the economic downturn.
By the end of 2012, there were 6,600 homes with planning approval across the borough.
But there is still no starting date for work on many of the smaller sites. Between them, these sites have the potential to deliver more than 2,000 homes.
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Now the council is trying to encourage developers to bring forward both 'market value' homes and affordable housing.
Councillor Jamie Macrae, cabinet member for prosperity and economic regeneration, said: "The Housing Challenge Fund will help give developers an incentive to start building and bring forward much-needed accommodation for the people of Cheshire East – as well as support our plans to deliver economic growth."
For more details, developers can email vikki.jeffrey@cheshireeast.gov.uk.
The closing date for bids is March 31.
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