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Business & Economy

Planning approval for £59 million development in Teesside

Planning permission has been granted for a new housing development in Teesside that would bring 375 new homes to the area.

The £59 million project will be constructed by Galliford Try Partnerships North in collaboration with Homes England, who currently own the land on the edge of Redcar where new homes will be built.

Planning approval was given by Redcar and Cleveland Borough Council, after developers proposed to designate 80 of the properties for the private rental market and 108 for affordable rent and shared ownership.

The remaining 187 homes will be built for open market sale through Galliford Try’s house building arm, Linden Homes.

This project takes the number of planned works by Galliford Try Partnership North to 8, with the hope that 1000 homes will be delivered across the region over the next five years with a gross development value of £180 million.

Sean Egan, managing director of Galliford Try Partnerships North, said: “This new project has come about as part of our company wide strategy to work with Homes England to tackle UK housing need.

“We have been able to bring forward a proposal that will deliver high quality new homes on a superb site on Teesside, offering choice for local people – be they looking to buy, rent privately or to rent via a social housing provider.

“We are in discussion with potential partners to provide the affordable rented and shared ownership homes and hope to be able to announce more details in the near future.”