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Medesham Homes, an equal Joint Venture between partners Cross Keys Homes and Peterborough City Council, has been successful in receiving grant funding from Cambridgeshire & Peterborough Combined Authority to help build desperately needed affordable homes in Peterborough.
As part of the Combined Authority’s process to seek to accelerate the delivery of affordable housing, Medesham Homes has been successful in receiving over £900,000 for their Midland Road development which will see 29 new homes completed this year.
Claire Higgins, Chief Executive of Cross Keys Homes and a Board Member of Medesham Homes, said: “This is fantastic news which will help us to build these much needed homes at Midland Road. Located just minutes from the city centre these new homes will provide an affordable and practical option for people looking to live and work in Peterborough.
Medesham Homes’ Board Member, Howard Bright, added: “We are determined to make a positive difference by building as many new affordable homes as we can to help accelerate and sustain the much needed delivery required here in the city. This is really exciting news as it enables us to continue our strong partnership working.”
Roger Thompson, Director of Housing at Cambridgeshire & Peterborough Combined Authority, said: “The Combined Authority are committed to accelerating affordable housing delivery to meet local need and support economic growth. The Midland Road development represents an important part of our commitment to deliver 2,000 affordable homes across Cambridgeshire and Peterborough.”
Medesham Homes is committed to making a long-term positive difference in Peterborough providing a variety of tenures to suit individual needs. The Joint Venture already has over 400 properties in its development pipeline and is always looking for future development opportunities where more new affordable homes can be built to help support, grow and transform local communities.