Developers To Fund Approx £45m Of Community Improvements
Written by HFM News on 19th May 2022
Developers will pay around £45m to improve community facilities in and Lutterworth as part of a major new housing development.
Harborough District Council has completed negotiations for what is known as ‘Section 106’ contributions and has signed off the plan for 2,750 houses on land adjacent to the M1.
The Lutterworth East development was given the go-ahead in 2020 and will include two new primary schools, an employment area and community park.
The area set for the development
Approximately 1,260 of the new homes are expected to be built by 2031 and the rest after 2031 – 40% of the properties will be ‘affordable’ housing.
Cllr Phil King, Leader of Harborough District Council said: “This development will provide a much-needed investment boost to the local economy, with job and training opportunities during construction.
“As well as providing vast amounts of open space, it will also provide homes to benefit many local families and, with 40 per cent of homes being affordable, help those struggling to afford their own home, a place to live.”
