Essex-based housebuilder Hill and South Cambridgeshire DC have bought a site on Cambourne Business Park, with the joint venture, known as South Cambridgeshire Investment Partnership (SCIP) planning to build 275 homes.
The 19.2-acre site was bought for £12.9 million and is the first site of a wider £170 million investment programme in income-generating development opportunities.
The development is expected to consist of 275 homes, with a 40 per cent affordable allocation.
The SCIP now plans to consult neighbouring residents and businesses before proposing a detailed planning application and wants to focus on sustainable design which meets the Council’s net-zero carbon aspirations.
Rob Hall, deputy managing director of Hill Group said “Building a successful development and investment pipeline without a landbank to draw on is a brand-new model of public/private partnership and we are delighted that our first scheme will be such a prominent site within Cambourne.”
Cllr Bridget Smith, leader of South Cambridgeshire District Council said, “As the amount of funding we receive from central Government has decreased over time, our investment strategy enables us to find new ways to generate income that not only helps fund frontline services but directly benefits the local area and economy too.”
Image source- Cambourne Business Park
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