The first phase of a major residential development which is set to create around 360 jobs has been given outline consent.
The 34-acre project in Rugby will see 210 houses and a new primary school built on land off Cawston Lane and will also include open space, play areas, a woodland buffer and highways improvements.
Warwick-based developer L&Q Estates has won the consent from Rugby Borough Council for the properties, ranging from two to five bedrooms, after finalising Section 106 contributions.
WEST MIDLANDS BUSINESS NEWS REVIEW OF 2022 Jan – Mar Apr – Jun Jul – Sep Oct – DecIt is the first part of a much-wider scheme known as ‘Homestead View’ which could see up to 4,000 houses built in the Warwickshire town.
The company said It is expected to provide a huge economic boost to Rugby, contributing an estimated £4.4 million per year on retail and leisure.
More than 300 jobs will be created in the construction phase and 60 permanent jobs in the school, while L&Q Estates is also providing more than £6.3 million in Section 106 contributions to enhance the local community which includes £1.9 million towards education.
Read More Related Articles Midland Survey acquired by Lucion Services Read More Related Articles HS2 launches latest jobs drive for next cohort to work on high-speed rail projectManaging director Adrian Clack said: “We are delighted to receive outline planning permission for phase one of our scheme at Homestead View.
“As a company based in Warwickshire, we are really pleased to be facilitating much-needed housing for our region alongside community facilities including a two-form primary school, public amenities and road enhancements. We look forward to sharing further news as this scheme progresses.”
The Homestead View development comprises a consortium of landowners and developers, including L&Q Estates, Homes England, Richborough Estates and Taylor Wimpey, and will gradually be developed subject to planning consents over the next 15 years.
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