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06/03/2020

WMCA injects funds into Caparo steelworks site housing scheme

Walsall / Derek Bennet

A joint venture will receive a multimillion-pound funding boost from the West Midlands Combined Authority (WMCA) to help it transform the former Caparo steelworks site in Walsall into a 252-home community.

The cash from the WMCA Housing Land Fund means that the derelict 16.5-acre site can be cleaned up and made ready for redevelopment into housing.

The development will provide a mix of housing types, including private homes for sale and rent and 78 affordable homes, both for shared ownership and affordable rent. It will include one and two bedroom apartments for the over-55s, as well as two, three and four-bedroom houses.

The scheme is being developed by Anthem Lovell LLP, a joint venture between local housing association whg and Lovell Partnership. The project will create local jobs and 15 apprenticeships during construction.

Andy Street, Mayor of the West Midlands, said: “Not only will this scheme help to further ease pressure on the green belt in the Black Country, but it will also help to increase the number of affordable homes being built across the region.

“The funding deal requires developer Anthem Lovell to make at least 20 per cent of the new homes affordable and it’s excellent they have chosen to exceed that and go for 30 per cent instead.”

The WMCA said it would provide “expert support in tackling the land remediation and other issues on the site so that much-needed new housing and industrial land close to Walsall town centre can be brought forward by the developers”.

A reserved matters planning application for the 252-home scheme was submitted recently with a decision expected by the summer. 

Image credit | Derek Bennet

 

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