The government is committing funding to ensure that further affordable housing can be delivered in Cornwall, meeting demand.
Investment from Homes England is being allocated to continue to support a project to deliver new homes in Bodmin, with small and medium-sized housebuilders finding it difficult to secure traditional funding. This will see the Levelling Up Home Building Fund used to create a new neighbourhood of 170 homes, 51 of which will be affordable.
A range of different homes will also be available in the new neighbourhood, with 95 two, three and four-bedroom homes being for sale, alongside 24 one and two-bedroom apartments being available for rent.
This development will also see the homes centred around a 1.5-acre park, benefitting the wellbeing of residents. To further this support, a quarter of the affordable homes will be adaptable and accessible, with a wide range of residents being catered for.
Development Finance Senior Manager for Homes England, Christine Mann, said:
“The Watchmaker’s is an ambitious scheme of genuine placemaking, providing quality, well-designed affordable homes in central Bodmin.
“bunnyhomes is a highly respected housebuilder in the region, employing local trades and craftspeople, helping to boost the local economy. This funding will support its ambitious growth plans, which will hopefully give even more local people the opportunity of home ownership in the future.”
Aside from the affordable housing benefits, ecological improvements will also be achieved through the development. This will be seen through a 10% Biodiversity Net Gain, as well as bee bricks, bird boxes and meadow planting to support local wildlife that is often negatively affected by housing developments.
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