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£14m loan approved for Shropshire Council housing firm

Time Published 23rd September 2019

A total of £14 million will be loaned to Shropshire Council’s new housing company by the local authority.

Robert Macey, Shropshire Council’s Cabinet member for housing and strategic planning, said: “It’s an extremely exciting time for the company and we now look forward to taking these two sites forward.
“Shropshire currently has a housing waiting list of over 5,000 individuals and families. This, coupled with an ageing population who want to live independently for longer, and people wanting to live closer to where they work, point towards just some of the needs we are trying to meet.

“It is important that we bring forward more affordable houses to sustain our local towns and villages. We have land, and it makes sense that we use this initially to build high-quality and spacious homes that people want, need and can afford.

“It will also help us to shape places and use any income to build even more homes and deliver essential services. We intend to work closely with town councils, parish councils, Shropshire-based businesses and partners to ensure that we build the types of homes that are needed and help boost the local economy.”

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