New council development company to deliver Taberner House scheme

By - Tuesday 14th July, 2015

The council’s newly-launched development company is to take control of the Taberner House scheme, aiming to provide more affordable housing, more open space and a better financial return.

The demolition of Taberner House.
Photo by Rossella Scalia, used with permission.

Release begins: This will be the development company’s first major scheme, which will provide 418 homes, with 30% affordable housing – double that under the previous plans.

The development company will work with a developer, which will build the scheme across four blocks instead of five, providing significantly more green space in The Queen’s Gardens.

As well as giving the council greater control over the scheme, the new development company approach is expected to more than double the council’s forecast financial return.

The council launched the development company in March, and it enables the council to have a greater say over the quality and tenure of housing schemes and provide more affordable homes.

It will function as a separate commercial body, while taking on the role of the council’s development partner. This means it can ensure more homes of different tenures to suit different needs are built in Croydon and a variety of development opportunities are realised.

The revised plans for the Taberner House site are due to be submitted for planning permission later this year with construction work expected to begin on site early next year.

Councillor Alison Butler, cabinet member for homes, regeneration and planning, said: “Delivering Taberner House through the development company gives the council direct control of the scheme, enabling us to provide more affordable homes.

“With severe cuts in government funding, we have to look at innovative ways of generating revenue while providing essential public services.

“By taking a more proactive approach and delivering schemes through our development company, the council will be able to secure profit that would previously have gone elsewhere.

“This scheme will not only provide more much-needed homes but create improved public space in the centre of Croydon.”

The council’s cabinet discussed the Taberner House redevelopment at its meeting on Monday, 13 July.

Release ends.

Release sender: Croydon Council.



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