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Orbit Homes secures £2.2M funding for new homes

News   •   Feb 15, 2016 13:52 GMT

Orbit Homes, part of Orbit Group, has secured £2.2M funding to support build of over 100 new homes.

Orbit Homes, part of the 39,000-holme Orbit Group, have secured funding from the Homes and Communities Agency (HCA) as part of the 2015-2018 Affordable Housing Programme, to support the build of new homes in the East and South East regions.

The developer was awarded £209,000 to redevelop Quex Court, a sheltered accommodation scheme in Birchington, Kent, where 11 new homes will be created for affordable rent.

The remaining fund will be used to build a further 95 homes for affordable rent and shared ownership on four sites - Hastings, Great Blakenham, Dartford and Beck Row. Work will begin on all five sites in the next six months and is due to be completed by March 2018.

Orbit has a target of building 12,000 new houses b 2020, and have already built 3,600 homes in the last two years.

Maggie McCann, development director for East and South, said: “Orbit Homes is delighted to have secured this funding, which will enable us to invest in our assets and continue to build much needed homes for our customers now and in the future.

“Working in partnership with the HCA, we have formed a strong relationship that supports a shared vision of building successful communities. By providing this funding the HCA demonstrate confidence in our ability, as a financially strong organisation, to deliver quality housing solutions across the country.”

Orbit are hoping to secure £1.16M to support the delivery of further development in the South East, and have previously been granted £13.5M funding from the HCA to develop 600 new homes in the Midlands.

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