A proposed 800-house development at the Top Wighay Farm site in Nottinghamshire will receive a funding boost from D2N2.
The £10.3 million scheme, overseen by Nottinghamshire County Council, will benefit from an investment of £3 million by D2N2 from its Local Growth Fund allocation of £257.5 million.
The Local Growth Fund enables D2N2, the Local Enterprise Partnership for Derby, Derbyshire, Nottingham, and Nottinghamshire to invest in projects that benefit the local area and economy, supporting greater numbers of jobs, homes, and learners.
The D2N2 investment into the Top Wighay Farm development will kick-start the project which had stalled due to a funding gap. Other funders for the project include Nottinghamshire County Council and Homes England.
The Top Wighay Farm site, a 40-hectare site situated north-west of the Nottinghamshire town of Hucknall, will feature an 805-property housing development, a new primary school, and a local community centre.
Developers will use modern building techniques to accelerate construction of the housing units, 30% of which have been designated as affordable.
The development will also feature land for offices and warehouses plus associated open space for the community.
Work is due to begin in the summer with infrastructure works expected to be completed by 2021.
Top Wighay Farm
The funding from D2N2 will go towards infrastructure improvements on the site including the expansion of a roundabout on the A611/Annesley Road and a new signal-controlled junction to manage traffic flow to and from the site.
In addition, a new three-metre wide shared use footway and cycleway along the A611 will be created, designed to promote sustainable travel for the site’s residents.
D2N2 Chair Elizabeth Fagan CBE said: “D2N2 has agreed to invest in the Top Wighay Farm scheme in order to unlock the site’s excellent potential to boost our region’s housing stock and unlock more land for commercial development.”
“Supporting investment in key infrastructure to act as a stimulus for wider economic growth through housing and employment remains a vital part of ensuring we restart our local economy post-Coronavirus.”.
Councillor Kay Cutts, Leader of Nottinghamshire County Council, said: “We welcome the news of this additional £3m investment towards one of our Council’s flagship projects.”
“The Top Wighay development has the needs of the local community at its core as it will generate more than 1,000 new jobs and invest in community facilities, infrastructure and education facilities, including the creation of new Council offices.”
“Now more than ever, major developments like this will help boost to the economic prospects of our county over the next decade.”