The first of 40 modular homes as part of a Government-backed scheme were craned into position yesterday (20/03).
The Icknield Port Loop scheme will provide 1,150 homes by regenerating a large brownfield site on the edge of Birmingham City Centre. The scheme is being developed by Urban Splash and Places for People in partnership with Homes England, the Canal & River Trust and Birmingham City Council.
For the first phase of the development, Homes England has agreed on a £7.45million loan from the Government’s Home Building Fund which will see the construction of 77 homes, 40 of which will be modular. Phase 1 will also include a park, improved canal towpaths and shared gardens.
The Communities Secretary, Rt Hon James Brokenshire MP, said:
“This Government is committed to making the dream of home ownership a reality for a new generation as we power through to delivering 300,000 homes a year by the mid-2020s.
“Birmingham’s Port Loop is a great example of how our £4.5 billion Home Building Fund is helping to meet the triple challenge of delivering more, better, faster home construction, as well as revving a strong and prosperous Midlands Engine.”
Ian Martin, Head of Investment in the Midlands for Homes England said:
“The sheer scale of the scheme provides the opportunity to build a whole new community and will be one of the largest regeneration schemes in the Midlands. This will provide a much needed boost to the region’s housing stock, which is exactly what the Home Building Fund was established to do.”
Adam Willetts, speaking on behalf of the partnership, said:
“Port Loop is one of the most exciting regeneration developments in the country and we are delighted to be delivering the first of many homes there. We are also on site creating new public realm space in the form of a one-acre park, as well as progressing our plans for the broader area. We are delighted to receive the support of Homes England for our plans.”