The JV between Warwickshire County Council and its property company Warwickshire Property & Development Group (WPDG) will help bring sites forward for housing over the next 30 years, with three being taken forward for development within the next 12 months.
Deveop Warwiickshire with WPDG and developer Countryside Partnerships, which will see £2.5 billion of developments completed, is part of the county’s drive to realise the potential of its development sites, commercial buildings and mineral rights in as sustainable a way as possible, creating homes and jobs for local people.
Councillor Peter Butlin, Deputy Leader of Warwickshire County Council and Portfolio Holder for Finance and Property, said the creation of Develop Warwickshire was a major step forward for Warwickshire.
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"This partnership is key to our ambition to make the most of the county’s assets for the benefit of local people and local communities. Unlocking our sites to create sustainable, high-quality homes and communities is a key ambition for the council, and Develop Warwickshire will play a major role in this.
"Working with Countryside Partnerships over a longer period enables us to take a more strategic approach and to maximise investment and efficiency in delivering developments which make our county an even more attractive place to live and do business.
"We went through an 18-month procurement exercise to ensure we attracted a partner with the same ambitions and objectives. Homes created by Develop Warwickshire will be timber-framed and will include features such as solar panels, putting sustainability at the heart of these sites."
Stephen Teagle, Chief Executive of Countryside Partnerships, said: "This new joint venture with Warwickshire County Council enables us to deliver high-quality, mixed-tenure homes at scale across the region. By combining the skills of our Group with the Council’s ambitions to unlock and regenerate its own land assets, we can deliver true regeneration and maximise the benefits for local communities."
The first three sites to be brought forward are in Nuneaton, Warton and Water Orton, which are all allocated in local plans or have achieved planning consent. All the developments will comply with local authority affordable homes criteria.
