20 May 2019: 4:23 pm
Government funding for homes
A £30 million funding boost has been given to a housing association to help build new homes and commercial space in Basildon.
The government's housing delivery agency Homes England provided the loan in mid-March for two projects including the redevelopment of the Craylands Estate, which will be renamed Beechwood Village.
More than 550 new homes are being built at the Beechwood site, which will include up to 110 affordable homes.
The new homes to be built at Beechwood Village will be in addition to more than 400 homes, retail units and a community centre that has been completed in earlier phases.
The money will also go towards Laindon Shopping Centre, which will become known as Laindon Place, and 210 homes and more than 7,000 sq m of commercial space will be developed there.
Laindon Place will include a new high street with shops, a supermarket, and a new health centre.
The funding allows Swan Housing Association, who is working with Basildon Council, to develop both schemes together at the same time at a quicker pace.
Homes England agreed the loan as part of its £290 million Estates Regeneration Fund that provides finance to accelerate the creation of development schemes.
Almost all the homes will be built off-site at Swan's factory in Basildon and will use pre-manufactured modular construction techniques.
Geoff Pearce, Swan Housing Association’s executive director for regeneration and development, said: “These homes will be built both using our state-of-the-art modular factory in Basildon and by traditional methods of construction.
"This partnership helps Swan towards our ambitious target of building an additional 10,000 homes by 2027 and Basildon towards its strategic growth goals for the borough."
Sir Edward Lister, chairman of Homes England said: “Homes England strongly supports the use of modern methods of construction (MMC) as a means of delivering good quality homes at pace, so it's great to see these methods being used to build better homes faster in Basildon."