Surrey is set for significant investment and the delivery of thousands of new homes over the coming years, following the signing of a 15 year strategic joint venture between Surrey County Council and Places for People.
Following an extensive procurement process, work will now commence immediately on the 15-year joint venture between Surrey County Council and Places for People, which will unlock sites no longer required for service delivery for development, creating economic growth, jobs and sustainable investment – the benefits of which will be felt throughout Surrey as activity starts to take shape. The county will also benefit from the delivery of new homes for sale and rent, including affordable homes.
Work on evaluating the potential of the first tranche of sites is already underway. The first new homes delivered by the joint venture are expected to be completed in 2019.
By partnering with Places for People the Council will be adding pace, capacity and expertise from one of the UK’s leading placemaking and regeneration organisations. As well as development expertise, Places for People brings its extensive experience of delivering high quality management services across all housing markets.
Places for People is already participating in a number of public-private partnerships across the UK, including working with Runnymede Borough Council to deliver a number of council-owned projects in the coming years, including the redevelopment of Egham town centre.
Colin Kemp, Surrey County Council’s Cabinet Lead for Place, said: “This first wave of developments is an example of how we want to deliver new homes throughout Surrey by working in partnership.
“In the coming years we’ll be working with borough and districts to understand the housing needs they face locally and assist them to deliver new homes for their residents.
“We want to help provide much-needed housing in Surrey, while also regenerating local areas, delivering improvements to boost economic growth and creating an income to reinvest in council services.”
David Cowans, Group Chief Executive at Places for People, said: “We are delighted to have been selected by Surrey County Council as their long term partner for this pioneering joint venture which pools the resources and expertise of both partners.
“At a time when all of the public sector continues to face financial pressures, this is an innovative way of investing land and capital to deliver much needed homes across the county, while also creating a strong investment portfolio for the council and delivering employment opportunities for local businesses and residents.
“Places for People has decades of experience of delivering and managing homes of all types and tenures and we are very much looking forward to working with the council in the years ahead to transform entire areas of the county. We’re ready to roll our sleeves up and get delivering for Surrey.”