A deal to unlock land for building 300 homes on the edge of Preston has been reached.
Story Homes says it has reached the legal agreement needed with the Homes and Communities Agency for the land near Eastway.
Planning permission was granted for the development by Preston City Council’s planning committee in early March.
Martin Nugent planner for Story Homes said: “We worked closely with the HCA, Preston City Council and Lancashire County Council to bring forward a quality scheme which will be in keeping with the character of the local community
“We are well known for designing and building award winning family homes and are delighted that Preston City Council has seen the benefits that the scheme will bring. These include job creation and security for local subcontractors and a knock on effect for the local supply chain.”
The new homes are to include 45 affordable homes and be two to five bedrooms.
Deborah McLaughlin, executive director, North West, at the HCA said: “Increasing the supply of new homes and creating attractive places to live is our number one priority. So it’s great to see HCA land being used at Eastway to achieve this aim for the City Deal. Combined with their acquisition of the nearby Cottam Hall site, Story Homes will be delivering in excess of 500 homes on HCA land in Preston in the coming years which is fantastic news.
“This will not only increase housing choice, and attract investment but also create jobs and support the local supply chain.”
Related: Cottam Hall homes to be built as newts given special protection
Eastway is one of 11 sites the Homes and Communities Agency has to be developed in and around Preston as part of the City Deal.
The City Deal is a £430m investment in new roads and housing in Preston.
Chair of the City Deal Jim Carter said: “We’re pleased that this agreement has been reached to bring new homes to Preston. It’s yet another example of how City Deal is already making positive changes in the area
“One of the key aims of City Deal is to create homes for people to meet the future needs of the area. The City Deal will bring new jobs, so it’s vital that we create the communities where people can live, as well as improving existing communities
“The aim of the City Deal is to unlock the economic potential of the Preston and South Ribble area, creating new jobs and making it easier for residents and businesses to get around. It’s an exciting time for the area and we’re determined to make the most of this once-in-a-lifetime opportunity.”
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