A deal worth £160m has been struck between a housing association and four construction companies to deliver hundreds of homes across Gloucestershire and the West of England, it has been announced today.
Bromford, which owns 44,000 homes in the Midlands and South West, has launched a new contractor and development framework agreement called the Bromford Construction Partnership (BCP) which will assist the delivery of up to 400 new homes per year over the next four years. The housing provider, ranked the ninth largest developer of affordable homes in the UK, has signed a partnership with Galliford Try Partnerships, Lovell Partnerships, E G Carter and Speller Metcalfe.
The partnership is divided into small, medium and large developments and will deliver in the region of 1,100 homes across the duration of the contract as well as enabling a larger-scale programme of regeneration. The affordable mixed tenure homes will be built as far north as Worcestershire and as far south as Bristol, and predominantly focused on the wider Gloucestershire area.
The Bromford Construction Partnership says the new approach will maximise successful land opportunities, the provision of new energy efficient homes, drive up productivity, consistency and cost efficiency, as well as creating local jobs, apprenticeships and work experience opportunities. Bromford has an in-house construction team operating in their Midlands region and insisted the BCP would help it meet an accelerated housebuilding programme which aims to deliver 1,400 new homes each year over the next decade.
The partnership comes after Bromford were announced as a strategic partner for Homes England in January, receiving £66m in grant funding to invest in new social rented, affordable rented, and shared ownership homes.
Martyn Blackman, Bromford’s executive director of new homes, said: “Forming a genuine partnership approach with organisations whose ambition and values align with our own is a key part of the Bromford strategy. I’m delighted to say that today we launch the Bromford Construction Partnership which is about working collaboratively to increase the number of homes we build, investing in innovation, and ultimately building the best quality homes which will enable our customers to thrive.
“Around £160m will be invested in the wider Gloucestershire area and with the impressive track records of Galliford Try Partnerships, Lovell Partnerships, E G Carter and Speller Metcalfe, we are confident the BCP will demonstrate how collaborative working can help deliver the high quality homes needed to combat the UK’s housing crisis.”
Steve Speller, joint managing director for Speller Metcalfe, said: “Speller Metcalfe is delighted to be part of the Bromford Construction Partnership. Our specialist Living division are looking forward to working with Bromford and the other framework partners to support the delivery of much-needed, high quality affordable housing across the region.”
Mathew Vye, associate director of partnership housing at E G Carter & Co Ltd, added: “We are delighted to have been selected by Bromford to work collaboratively within the Bromford Construction Partnership and look forward to delivering new homes throughout Gloucestershire and the West of England working with our long standing supply chain and realising training and employment initiatives for the communities in which we build.”
Managing director of Galliford Try Partnerships West, Craig Currie, said: “We are delighted to have been selected as a construction partner by Bromford to support them with their significant ambitions to build more affordable homes across the region. As well as geographic synergies, we have a shared commitment to building more high-quality mixed tenure homes. As a leading partnerships business with significant regeneration expertise across the UK and a track record of delivering affordable homes across the region, we look forward to creating outstanding new communities with Bromford.”
Gemma Clissett, land and partnership director at Lovell, said: “We are proud to be working in partnership with Bromford to deliver up to 1,100 homes alongside Galliford Try Partnerships, E G Carter and Speller Metcalfe to meet local housing demand. The partnership enables us to pool our respective strengths together to deliver the high-quality new homes, available across a range of tenures, which are so urgently needed across the Midlands and South West.”
As part of the partnership Bromford, Galliford Try Partnerships, Lovell Partnerships, E G Carter and Speller Metcalfe will meet on a regular basis to identify and progress opportunities in the area of operation.