Waterside Regeneration Scheme Nears Completion in Leicester

Strategic Insights -

Leicester's Waterside project, a major house-building scheme, is nearing its final stages, with the developer, Keepmoat, expecting the project to be wrapped up by the end of next year. The scheme has seen the transformation of abandoned factories along the Grand Union Canal and River Soar, with 201 homes already completed, along with a public open space and the refurbishment of a historic bridge. The final phases, including the construction of 87 new homes and a specialist care block, are set to be completed by the end of 2026, bringing the total number of homes to 350.

Key Takeaways:

  • The Waterside project in Leicester is a £80 million-plus investment into the regeneration of the area.
  • The scheme has seen the transformation of abandoned factories along the Grand Union Canal and River Soar, with 201 homes already completed.
  • The final phases of the scheme will deliver 87 new homes, including 34 on Soar Island and 53 on the Canal Frontage.
  • A specialist care block will also be developed by a third-party company, bringing the total number of homes to 350.
  • Four commercial units are expected to be delivered through the scheme, with three still under construction.
  • The project has included the refurbishment of a historic bridge connecting Soar Lane to Soar Island.
  • The wider regeneration of the area has delivered flood protection measures, enhancements to biodiversity, and improved access to the canal and river for local people.

Statistics:

  • 350 homes will be delivered through the Waterside scheme.
  • £80 million-plus investment has been made into the regeneration of the area.
  • 201 homes have been completed to date.
  • 87 new homes will be constructed in the final phases.
  • 34 new homes will be built on Soar Island by the end of the year.
  • 53 new homes will be constructed on the Canal Frontage by the end of 2026.
  • One commercial unit has been finished, with three still under construction.

Sources:

  • Keepmoat
  • Leicester City Council
  • City Mayor Sir Peter Soulsby
  • Adam Sharpe, regional managing director at Keepmoat, East Midlands