Local government entities are under serious financial pressure, and procurement is tasked with helping to reduce spend.
Homes England and Cambridgeshire & Peterborough Combined Authority (CPCA) have formalised a Strategic Place Partnership (SPP) to continue work on housing and regeneration.
CPCA and the Agency will work together to bring more investment to the region. The work will start by drawing up a shared plan to accelerate local housing, regeneration and growth proposals.
Over the next eight weeks, Homes England will invest over £100,000 alongside existing government funding to accelerate plans to develop Peterborough Station Quarter.
Homes England has also committed funding to to accelerate the Waterbeach New Town development, with the potential to deliver 11,000 homes. This includes over £23m to relocate a railway station to directly unlock 4,500 homes.
Eamonn Boylan, Chief Executive of Homes England, said: "Through our Strategic Place Partnership model, we work hand-in-hand with local leaders to help them accomplish their ambitious housing and regeneration aims. This SPP marks the Agency’s commitment to working with the Cambridgeshire and Peterborough Combined Authority, to help realise the aspirations set out in the Shared Ambition for Cambridgeshire and Peterborough 2050.
"We already have a strong track record of delivering transformative projects across the region and through this new partnership we will build on our existing relationships and achieve even more for the local community.
Dr Nik Johnson, Mayor of Cambridgeshire and Peterborough Combined Authority, said: "The Combined Authority is about building powerful partnerships locally and nationally, with an aligned vision to deliver for the region. We’re committing, with Homes England, to work smarter, together, to help accelerate the building of the new, good quality, energy efficient homes we need, in places that have the capacity for growth."
Local government entities are under serious financial pressure, and procurement is tasked with helping to reduce spend.
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