.gif)
The national housing and regeneration agency has confirmed it is to invest more than £2.1 million this year in delivering up to 83 new and affordable homes on a disused former railway site in the centre of town.
The investment means the HCA can work with landowner the Norton Radstock Regeneration Company (NRR) to select a preferred developer, agree terms and begin building work as part of a project to deliver more than 200 homes and improve roads around the important site.
-- Advertisement --
The partners are looking for a new development partner after Bellway confirmed its intention to withdraw from the scheme. A new partner will be selected as soon as possible now that the investment in the site has been agreed.
The site has been earmarked for housing development for a number of years, but had been mothballed due to the effects of the recession.
Colin Molton, HCA director with responsibility for investment in the South West, said: "Our investment signifies a major step forward for the regeneration of Radstock, which has a great need for high quality, affordable housing and is a priority area for us."
"As well as providing new homes and a better road infrastructure, this investment will also provide local job and training opportunities for apprentices, thanks to the work generated by the investment."
(CD/KMcA)
