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Housing Today
Trusted media brand of the Chartered Institute of Housing
SNG and Captiva Homes agree £30m deal for Isle of Wight scheme
This will be the first large-scale ‘all-affordable’ homes development built on the island in a decade
Sovereign Network Group and Captiva Homes have struck a £30m investment deal to build 131 affordable homes at Horsebridge Hill on the Isle of Wight.
All of the homes will be for social rent or shared ownership, with SNG stating that this is the first all-affordable development built on the island in a decade.
The scheme has received £11.4m in funding from Homes England and SNG will be investing the rest.
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