PROPERTY
Link road to create route to new homes
The first phase of an extensive Nottinghamshire housing project has now been granted planning permission. The 16-acre site south of
Newark, Nottinghamshire, has been acquired for the development of 173 new homes as part of a £500m Growth Point project. This will consist of major developments including new homes, schools, community facilities, green spaces and walkways, footpaths and cycleways. The development will also
benefit from good transport links to Newark and the surrounding area by means of a new southern link road, part-funded by the D2N2 Local Enterprise Partnership. D2N2 works with local authorities
and community and voluntary organisations to boost infrastructure and help create new jobs and homes. As part of its mission, D2N2 has an allocation of Local Growth Funding from Government, which is used for infrastructure projects across its area.
The Newark Southern Link road
will be a new four-mile long road, linking the A46 (near Farndon) with the A1, with roundabout junctions at both ends. It is designed to ease traffic congestion and improve journey times along the Newark bypass, by providing an alternative A46 to A1 route and a new River Devon crossing point. It is being funded by
D2N2, Urban & Civic PLC, Newark and Sherwood
District Council and the Homes
and Communities Agency – a public body sponsored by the Department for Communities and Local Government. David Ralph (pictured), Chief
Executive of D2N2, said: “D2N2’s Local Growth Fund allocation of £7m for the Newark Southern Link Road project, along with contributions from Urban & Civic and other partners, provides an unprecedented opportunity for the area to fund a strategic approach to building the necessary infrastructure to promote economic growth and create new jobs.”
New homes to be built in Derbyshire
Up to 250 new homes are to be built on the outskirts of Derby following a deal overseen by leading Midlands commercial property agency Innes England. The firm, which has offices
in Derby, Nottingham and Leicester, has agreed terms on a 25-acre site fronting Mansfield Road, Oakwood, with housebuilder Persimmon Homes. Situated three miles north-east of the city centre, the scheme is set to include a mix of two-, three- and four- bedroom homes. Robert Hartley, Chairman at
Innes England, said: “Oakwood is a popular suburb on the outskirts of Derby city centre, which benefits from a host of local amenities including shops, good primary schools and a leisure centre. “It is within easy reach of
the city but also has lovely open countryside nearby and is adjacent to Chaddesden Wood. Breadsall Priory and Morley Hayes are also only a few miles away.”
business network June 2017
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