Funding kickstarts development at Priors Hall
Corby’s major urban extension, Priors Hall Park, is set to receive funding which will help kickstart the build of hundreds of new homes and create thousands of new jobs over the next 20 years. Corby, one of the fastest growing places in Britain, has over the last few years found it more challenging to secure new investment for its ambitious growth agenda.
Previously over £400m of inward investment in the Borough had been secured with almost £200m invested in education and the remainder in infrastructure, such as the train station and the new A43 Southern Relief Road, the Corby Cube and the Corby East Midlands International Pool.
Therefore, it is great news for the Borough that Priors Hall Park developers, BeLa, have been awarded £5m by the Homes and Communities Agency to fund infrastructure works which ensures the delivery of 600 new homes by the Barratts/David Wilson Group, Taylor Wimpey Homes, Francis Jackson and Hunter Homes. The HCA have been magnificent supporters of Corby over the last 10 years and projects such as the Kingswood Regeneration Project have kickstarted a series of regeneration projects within the Borough.
In addition to the success of the HCA funding, BeLa now have been shortlisted for a further £3.85m of infrastructure funding to complete the road to Rockingham and open up the opportunity of an employment platform adjacent to and associated with the raceway.
Chief Executive of BeLa, Alfred Buller, said: ‘I have been working with Corby Borough Council now for over 10 years through the evolution of Catalyst Corby, through to NNDC and now such projects as Electric Corby and our success is interlinked on a massive scale.
The vision for the future may be 10/15 years time but the employment opportunities are critical and most important to that is the excellent education opportunities. Working together through very difficult times has demonstrated the strength of support we have both from the Borough and the County Council and to them we are both indebted.
The HCA funding and the SEMLEP funding is great news and ensures the Borough will received further new homes bonuses.’ Leader of Corby Borough Council, Cllr Tom Beattie, said: ‘This is very exciting and welcome news for Corby that will help bring much needed homes and jobs to the Borough. This secured funding for Priors Hall Park shows clearly that there is still a strong confidence in Corby as a place of development and investment and that we will continue to work hard with our partners to ensure that we push our ambitious regeneration programme forward.’