Rotherham Council Partners with Local Developer to Deliver Affordable Homes

Strategic Insights -

Rotherham Council has entered into a partnership with Keystone Yorkshire Ltd, a local developer, to deliver a second development as part of the Small Sites Homebuilder Initiative. Launched in 2023, this initiative aims to assist local small and medium-sized enterprise developers in unlocking sites for much-needed, high-quality, and affordable homes in the borough. The scheme provides a fast-track route for developers to bring forward sites they either own or can acquire, with the Council committing to purchase the homes off-plan for an agreed price before construction begins. The Council can also offer staged payments at agreed intervals during the construction phase to aid funding.

Key Takeaways:

  • Rotherham Council is partnering with Keystone Yorkshire Ltd to deliver nine new affordable homes for Council rent at the former Albert Club in West Melton.
  • The development is part of the Small Sites Homebuilder Initiative, launched in 2023, which aims to provide high-quality and affordable homes in the borough.
  • The Council will buy the homes off-plan for an agreed price before construction begins, with the option to offer staged payments during the construction phase.
  • Keystone Yorkshire Ltd, a local developer, will create jobs for local people through this project.
  • The Council estimates that they will deliver 1,000 Council homes for local people by summer 2027.

Statistics:

  • 9 new affordable homes will be delivered for Council rent as part of the partnership.
  • The Council will purchase the homes off-plan for an agreed price before construction begins.
  • The initiative aims to provide high-quality and affordable homes for residents in Rotherham.
  • The Council will deliver 1,000 Council homes for local people by summer 2027.

Sources:

  • Rotherham Metropolitan Borough Council (2023). Small site homebuilding initiative.