News Archive

Local House Buyers To Be Given Priority In ECO Town Opportunity

Local buyers struggling to get on the housing ladder will be given a unique opportunity to move into Middle Quinton as part of an innovative proposal made by the developers of the ECO town.

Developers St Modwen and the Bird Group are proposing that as each phase of Middle Quinton is completed the homes will only initially be made available to those living in the Stratford area and local villages. The announcement comes as a report reveals almost 3,000 people locally need affordable housing. This includes those currently renting properties in the area who have seen house prices rise far quicker than inflation in recent years. The current credit crunch makes this problem even worse.

St Modwen regional director John Dodds commented on the proposal:

“It is important that any new development gives local buyers the opportunity to get onto the property ladder. This is particularly key in the areas surrounding our proposed Eco town, where many people on Midlands salaries are faced with South East house prices.

“At our recent exhibition many young people told me that they as first time buyers would like priority to register for ‘starter’ units at Middle Quinton. We have listened to this and are keen to include innovative measures to help local first time buyers at Middle Quinton if our ECO town proposals are approved in due course.”

The report, conducted by Pioneer revealed that there was a 2,925 net annual affordable housing need. This figure was broken down into four local areas, Stratford-on-Avon, Cotswold, Warwick and Wychavon.

Middle Quinton will provide 6,000 homes with approximately 2,000 of them being designated affordable housing. At the recent exhibitions the issue of affordable housing was raised many times by concerned local people. The government has suggested that 30% of any new developments in the Stratford area should be affordable to help key workers and first time buyers access the housing market.

Notes to editors

Pioneer is an independent housing and development consultancy. They identified the number of in-migrants moving into Stratford-on-Avon and extrapolated the data through the ‘Housing Needs of Stratford-on-Avon District Final Report’ (“Stratford HNA06”). The same method was used in both Cotswold and Wychavon.

Consideration was given to the overarching national framework, the current and emerging regional guidance housing supply and affordable housing targets, and the applicable local policy affordable housing targets.

For further information or clarification contact:

Antony Calvert, Green Issues Communications: antonyc@greenissues.com

01189839452

0773497688