Market Leads & Opportunities
£1.4m funding deal paves way for new homes
A £1.4m funding deal has been agreed which will pave the way for more than 80 homes to be built in Oldbury.A total of 84 homes are to be constructed off Mill Lane after the West Midlands Combined Authority (WMCA) agreed to provide the funds towards the cost of cleaning up the former industrial site and making it ready for housing.The deal means developer Lioncourt can now press ahead with the regeneration of the 5.6-acre brownfield site which has stood empty and neglected since its last remaining industrial buildings were demolished in the 1990s.Rupert Detheridge of BTS acted for Lioncourt Homes in the submission of the grant application. Access to the funding was provided by Frontier Development Capital Ltd.
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