Homes England has agreed a £67m funding package to support the creation of two new communities at Furnace Hill and Neepsend in Sheffield.
The funding will support vital land assembly and enabling works across five hectares of brownfield and underutilised land, enabling new homes and commercial space to be built, as part of wider regeneration activity.
Peter Denton, Chief Executive of Homes England, said: “This funding will kickstart the transformation of Furnace Hill and Neepsend, paving the way for 1,300 new homes and 4,000 square metres of commercial space, and, ultimately, the creation of two new vibrant communities.
“A core part of our remit is to use all the tools at our disposal to help places to achieve their vision for their area. Our work with Sheffield City Council over the last two years is a prime example of what this looks like in practice. We’ve worked in partnership with the council and other local stakeholders to create a viable action plan, and now we’re providing the funding to help make it happen.”
The proposals to transform Furnace Hill and Neepsend have been spearheaded by the Sheffield Together Housing Growth Board, which includes Sheffield City Council, Homes England, the South Yorkshire Mayoral Combined Authority, the Sheffield Property Association and the South Yorkshire Housing Partnership.
Cllr Tom Hunt, Leader of Sheffield City Council, said: “This major investment will help to create two new city centre neighbourhoods on brownfield land. It will help to breathe new life into Furnace Hill and Neepsend and create great neighbourhoods with 1300 new homes.”
