News story published 14 August 2017
Cross Keys Homes has been successful in receiving a £2.9m grant funding allocation from the new Cambridgeshire and Peterborough Combined Authority to help build desperately needed affordable homes across the region.
As part of the Combined Authority’s ‘quick wins’ first phase policy, the funding will support us to build an additional 118 new affordable homes across five key development sites helping to support Peterborough City Council, Huntingdonshire, Fenland and South Cambridgeshire District Councils in their efforts to ease housing waiting lists.
This funding success follows a meeting held earlier this week where the Combined Authority Board agreed to commit £4.56m of grant funding.
All of Cross Keys Homes’ development schemes are expected to start on site before the end of March 2018, with a number of projects commencing before the end of this year to help achieve the required scale and pace of the early delivery ‘quick wins’ programme.
Cross Keys Homes’ Chief Executive, Claire Higgins, said: “We are committed to making a positive difference by building as many new affordable homes across the region as we can to help accelerate and sustain the much needed delivery required here.
“This extra grant funding is fantastic news as it will help us to deliver even more than initially planned to help support even more families to live in a home that they can realistically afford.”
Cross Keys Homes’ Executive Director of Development and Sales, Sarah Ireland said: “This news is really exciting as it enables us to continue our strong partnership working with councils right across the region, providing the affordable housing solutions that work for them."
We will use the funding to provide a 100 percent affordable housing schemes on our Newark Road site and an additional 20 affordable homes on the former John Mansfield school site in Peterborough, as well as other smaller scale sites across the region.