HCA bidders selected for due diligence
More than 1,000 homes could be built in the region under the second round of the Get Britain Building programme.
The second round of the £570m fund is open to schemes as small as 15 units. The Homes & Communities Agency is making loans and equity available which must be repaid by March 2018. Work must start on site by 31 March 2013 and all homes be completed by 31 March 2015.
The following projects have been invited to enter due diligence with the HCA to see if they will be successful. The deadline to return completed due diligence is the 19 October.
|
Wirral |
Mulbury Homes |
Rock Lane Birkenhead |
38 |
|
Burnley |
Datum Finance |
Sycamore |
34 |
|
Salford |
English Cities Fund |
Plot E3 Chapel St Salford |
97 |
|
Wirral |
Bromborough Regeneration LLP |
Dibbin Green Bromborough Pool |
228 |
|
Tameside |
Morris Homes |
The Grange |
33 |
|
Manchester |
UK Land & Property Asset Solutions LLP |
Sarah Point Nuovo |
166 |
|
St. Helens |
Morris Homes |
St Helens College |
70 |
|
Warrington |
Morris Homes |
Edgewater Park |
79 |
|
Chorley |
Morris Homes |
Rivington View |
28 |
|
Pendle |
Datum Finance |
Pendle |
25 |
|
Cheshire West & Chester |
Morris Homes |
Upton Dene |
29 |
|
Tameside |
Morris Homes |
Moorside Place |
18 |
|
Cheshire West & Chester |
Morris Homes |
Eaton Grange |
20 |
|
Cheshire West & Chester |
Morris Homes |
Tower Wharf |
36 |
|
Manchester |
McCaul Developments (Northern) |
New Islington Site B |
45 |
|
Oldham |
three60 Property Investors |
The Bakestones Delph |
46 |
|
Stockport |
Barnes Village |
Barnes Hospital Cheadle |
42 |
|
Bolton |
Morris Homes |
Hulme Road |
33 |
|
Cheshire East |
Morris Homes |
Brook Street |
54 |
Nothing in Liverpool?!
By MrD
Many "shovel ready" projects in Liverpool have started with input from other programmes so the need for GBB isn’t huge, but given GBB Round 2 dropped the minimum number of units from 25 to 15 its surprising more small developers did not bid. Once again GBB has been exploited by large developers who chose sit on sites and hold out their hands for taxpayer funds rather than employ their own considerable balance sheet resources to develop their own land banks. Not genuine stimulus as you can easily identify several projects on the list that would start anyway – no doubt the HCA’s property advisors will approve each one as I can’t see them upsetting their bread ‘n butter corporate clients.
By bill