Harworth Estates, the UK property regeneration company, has secured £10.95 million of Government funding to enable it to deliver vital infrastructure work that will lead to the creation of hundreds of new jobs and the building of up to 3,500 further new homes at Waverley, Rotherham.
The funding has come from the Local Infrastructure Fund, which is managed by the Homes and Communities Agency and accelerates the delivery of the infrastructure needed to boost Enterprise Zone schemes and accelerate large-scale housing developments.
Harworth will use the funding to provide infrastructure – including foul sewerage and drainage – at Waverley for the Advanced Manufacturing Park’s remaining 68 acres of employment development land and for further phases of new homes across the remaining 160 acres earmarked for housing development.
Jacquie Boulton, area manager at the Homes and Communities Agency said:
“This loan will ensure that Harworth Estates can continue to deliver the largest regeneration project in South Yorkshire and provide the new homes and employment opportunities at Waverley”.
Duncan Armstrong-Payne, development manager for Harworth Estates, said:
“This funding is vital in accelerating the transformation of Waverley into Yorkshire’s largest-ever sustainable mixed use development.
“We’re proud of what Waverley has already become and this will make the development to go from strength to strength for the benefit of Rotherham and the wider Sheffield City Region.”
James Newman, chairman of the Sheffield City Region LEP, said:
“Congratulations to Harworth Estates in securing £10.95 million from Government to further develop land at the Advanced Manufacturing Park, part of the Sheffield City Region Enterprise Zone.
“Continued investment in infrastructure, like roads and drains, is crucial to the future success of the Enterprise Zone.
“This money will help to ensure more interest from investors, which will mean more jobs and more economic growth in the Sheffield City Region.
“This investment will help to further enhance the Sheffield City Region Enterprise Zone’s status as the UK’s number one place for modern manufacturing and technology.”
Waverley is being transformed into Yorkshire’s largest-ever brownfield mixed-use development.
The 740-acre development comprises an Advanced Manufacturing Park with world-leading occupiers, employment development and a new community of up to 4,000 homes along with shops, restaurants, schools, leisure & community facilities and parks.
The Advanced Manufacturing Park is the UK’s premier advanced manufacturing technology park. Businesses on the park already provide world-class technology solutions for use in precision industries, including aerospace, defence, construction, automotive, sport and others.
It is home to world-class organisations such as Boeing, Rolls-Royce, Castings Technology International (CTI), Dormer Tools, Sandvik Coromant and TWI.
The Park still has four employment phases comprising 68 acres available for a variety of employment uses, all of it benefitting from Enterprise Zone status.
Phase one of residential development began in spring 2012 after Harworth selected Taylor Wimpey, Barratt Homes and Harron Homes as development partners to deliver the first 250 homes.
Following a successful show home launch in September 2012, Waverley’s first new residents moved in to their houses in December 2012.
Phase two of residential development began in October 2013, and a further 160 acres of housing land remain to be developed.