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Multi-million boost for Festival Gardens site

Source: http://www.govopps.co.uk/category/news/

Up to 1,500 family homes will be built at the Festival Gardens in Liverpool thanks to a multi-million pound funding boost from Homes England, the agency announced yesterday (Thursday February 28).The Government’s housing accelerator – which brings experts and funding to areas to tackle the housing crisis – will give a grant of £9.9 million to Liverpool City Council.The cash injection– which comes from Government’s £450 million Local Authority Accelerated Construction (LAAC) programme – will allow essential remediation work to take place on the site, paving the way for residential development to begin.The news comes as Homes England officially opened new offices in the same building as Liverpool City Region Combined Authority at Mann Island, Pier Head – a move designed to help the two organisations collaborate more effectively to get homes built.The council has long held ambitious plans for the site but, to date, a lack of funding has meant crucial remediation works have been unable to take place. Now, activity is expected to begin on-site in the spring, with the first homes being available by 2022.In addition to owner-occupied houses, the site will also include privately rented apartments.