Communities Secretary Sajid Javid announced the new initiative at the Conservative Party Conference on Monday, 03 October. It is part of a three-pronged strategy to step up house-building in the UK.
Kier's 'New Communities Partnership' has been set up with The Cheyne Social Property Impact Fund and the Housing Growth Partnership, a joint venture between the HCA and Lloyds Banking Group.
It is a unique public-private alliance that provides councils and housing associations with an innovative delivery model for building new homes on their own land. It provides an option to choose between sale and/or rental developments and offers significant scope for affordable development.
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Further initiatives announced by Mr Javid include a £2bn Accelerated Construction on Public Land fund, which aims to take Government-owned land and use it to speed up housebuilding, and encouraging urban regeneration through building on brownfield land.
John Anderson, Executive Director of Kier Living, said the commitments are a demonstration that the Government is "listening to industry concerns".
"Industry leaders have been calling for more innovative ways to deliver the number of houses that the country needs. Innovation that can bring more land forward and speed up access to sites to build on," he said.
"We believe that our new Community Partnership has a big role to play in helping to unlock public land. It will bring scale and momentum to Kier's tried-and-tested mixed-tenure housing delivery model, for public sector clients across the UK who hold land but don't have the capacity to develop new housing."
(LM)
