The 1,000-home Bradford City Village project has attracted a total £14.4m in funding from the West Yorkshire Combined Authority on top of £30m via Homes England
The West Yorkshire Combined Authority (WYCA) has confirmed £1.2m of further funding to develop phase two of the Bradford City Village scheme.
The project has previously secured £13.2m in funding from WYCA as part of a strategic partnership as well as £30 million of government funding via Homes England.
It aims to deliver up to 1,000 homes across three sites in Bradford’s city centre: Chain Street, Oastler and Kirkgate.
The financing deal follows an update on the scheme’s masterplan, which went before councillors last week.
A council report stated: “Significant progress has been made in developing a masterplan for the City Village with delivery proposals to repurpose and transform what was once the commercial and trading heart of Bradford’s City Centre, but which has suffered serious economic and physical decline in recent years.
“The time has come when this ambitious but vital scheme has turned from early visions and ambitions to firm plans and actions for the delivery of the proposed developments that will create a new and attractive place at the heart of the city centre where people will want to live and thrive, businesses will want to locate and grow and which the private property sector will want to invest and develop.”
>>See also: Deal signed to develop 1,000-home Bradford neighbourhood
Earlier this month, plans were submitted to Bradford City Council for the development’s first phase, including 97 homes with 92 ringfenced for affordable housing.
If approved, phase one of City Village will see 33 townhouses built on the Chain Street site, centred around a new community green, featuring a mix of two and three-bedroom homes with designated parking space.
A further 64 two and three-bedroom townhouses on the northern Oastler site will be set around a series of courtyards and green spaces.
The City Village will be delivered by Bradford Council and the English Cities Fund (ECF), a partnership between Homes England, L&G, and developer Muse.
Earlier this year, Bradford-based affordable housing provider, Incommunities, was selected as ECF’s preferred funding partner to deliver the first phase of townhouses for sale and rent, subject to a final legal agreement.
Later phases of the neighbourhood will include more than 300 apartments on the southern half of the Oastler site, alongside approximately 400 apartments on the Kirkgate site.
The wider project team includes 5plus Architects, Re-form Landscape Architecture, Avison Young, Cushman & Wakefield and Turner & Townsend.
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