Housebuilder Bovis Homes has announced a new joint venture with G15 housing association Metropolitan Thames Valley Housing for 783 homes at Cambourne West, near Cambridge.
The £240m development will be made up of 70 per cent private units, which range from one to five-bedroom homes, and 30 per cent affordable housing. The 235 affordable homes will be comprised of affordable rent and shared ownership.
Together, the housing association and housebuider will also provide facilities to support the local community as part of the project. Bovis Homes will contribute almost £13m towards education, including the expansion of a secondary school and two new primary schools while £3.2m will also go towards highway improvements.
Building at the site is expected to begin in February next year. The plot is near to the Bovis Homes and Taylor Wimpey Cambourne location, made up of around 4000 homes which were built between 2008 and 2018.
John Lougher, strategic land managing director at Bovis Homes, said: “We’re delighted to announce the joint venture with MTVH to deliver much-needed homes in the area and look forward to working closely with them.
“Local house hunters, whether they are looking at the private market or through a well-respected affordable housing provider, will benefit from a wide range of stunning homes within a popular, easy-to-reach location. The range of housing on offer – from one-bed apartments to five-bed houses – means the development will appeal to a wide range of people at different stages of their lives, creating a real sense of community.
“Building by the established new settlement of Cambourne, the area will become a flagship development over the next decade, demonstrating our commitment to housebuilding across the region while also boosting investment and jobs in the area.”
Richard Evans, development director of Innovations & Partnerships at Metropolitan Thames Valley Housing, added: “We’re really pleased to be partnering with Bovis Homes to deliver homes at Cambourne West, as we continue MTVH’s commitment to delivering excellent quality housing and services in Cambridgeshire.
“MTVH is about more than building homes, we also build and invest in people and communities for the long term too. This new joint venture with Bovis Homes gives us a fantastic opportunity to do this at scale, ultimately helping more people.”