The deal will see the Council purchase the land that already has outline planning permission on land bordered by Burnetts Lane, Moorgreen Road and Chalcroft Business Park at Horton Heath. As land owner the Council will be able to shape the development in terms of the quantity, mix, tenure and price of the new homes.

Council Leader Keith House said, “The Council is recognised nationally for its innovative and pro-active approach to bringing land forward for development and this is a great opportunity to bring forward an existing development site and ensure much needed infrastructure is delivered alongside, rather than after, new homes. This is an exciting opportunity to take control of a scheme to deliver much needed homes together with new roads and open spaces, whilst providing other significant community benefits.

He added, “There is significant added value by the Council being actively involved as it can ensure the mix of tenures really does meet the needs of local people such as social housing, market rent and family homes and that the development comes with the right infrastructure and full range of community benefits. The scheme also represents a good investment opportunity and will provide the Council with a financial return.”

The Council will now progress negotiations with landowners and partners to ensure the most effective delivery of the scheme.