An ambitious project to significantly speed up the construction of new homes across the West Midlands was officially launched by WM Housing Group during a celebration day held last week.
Major developers and consultants from across the region gathered at the event on Tuesday (April 26), a showcase for a new £76 million procurement framework that has been created in response to the government’s challenge to provide more high quality new homes in the region. The 22 consultants and 12 developers who have already signed up to the new framework attended the event, where they heard that the agreement will enable WM Housing Group to increase the number of new homes built from 300 to more than 500 per year.
WM Housing Executive Group Director Nick Byrne said: “We are delighted with the response from our framework members, and it’s very much a team effort where we look forward to developing great working relationships with our partners. Having our own procurement framework that can be accessed by other clients is an efficient and effective way of delivering a high volume of new homes. However, there is still much more we can do, and we will keep looking at alternate ways to build new homes for our customers to increase delivery even further.”
The attendees were congratulated and thanked for getting involved by WM Housing’s new Director of Development Richard Whittaker, who promised that increasing delivery of high quality new homes was a priority for the group. Speaking afterwards, Mr Whittaker said: “Launching our new procurement framework will support the acceleration of our development plans significantly. Our four-year partnership framework will enable us to step-up our development programme by over 60% per year. “The value of our development pipeline is anticipated to be over £200m over the life of the framework. We are also looking for developers to bring forward additional development opportunities that will enable us to increase our housing provision even further”. Low-carbon homes and providing more employment opportunities for local people are also goals for the group and future plans and procurement frameworks will be put into place to accelerate delivery through this route where possible.