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Housing Today
Trusted media brand of the Chartered Institute of Housing
L&G commits to £4bn investment in West Midlands
Deal, which follows similar with St Modwen and Lovell, likely to see delivery of ‘thousands’ of homes
Insurance giant L&G has agreed with the West midlands mayor Andy Street to invest £4bn in the region over the next seven years in a deal which will see it build thousands of homes.
The deal, which is designed to support the West Midlands Combined Authority’s (WMCA) plan to build 215,000 homes by 2031, will see L&G invest £4bn in regeneration, housing and levelling up in line with the region’s 2022 Investment Prospectus.
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