4,000 new homes to be created in the North East
Two major housing projects are set to begin in the North East.
Two major housing projects are set to begin in the North East.
It will see 3,000 new properties built at Aberdeen's Countesswells area, a project that is being backed by the UK government.
Scotland Office Minister Andrew Dunlop made the announcement during a visit to the city.
He said: "The UK Government is offering this guarantee to allow this major Aberdeen project to go ahead. This is a great example of partnership working where the government can unlock the capital and the potential of the development.
"This part of Scotland is facing some stiff challenges but today's announcement is a vote of confidence in the North East by the UK Government and those involved in the project."
A further 1,000 homes are to be built at a site in Tillydrone, as the city council say they've identified eight sites in Aberdeen that could help tackle the city's shortage of affordable accommodation.
Aberdeen City Council Leader Councillor Jenny Laing said: "This project will support and is additional to ACC’s own building programme in support of Registered Social Landlords and low cost home ownership which has already delivered 1,081 affordable properties in the last four years.
"These new homes will help to address a shortage of housing in Aberdeen, which has become a barrier to the continued economic growth of the region.
"We look forward to the sites being developed and so we can welcome residents into their new affordable homes."
The project will be taken on by housing developer Places For People.
Group Chief Executive David Cowans said: "Creating 1,000 new affordable homes for rent will help to transform Aberdeen and the lives of key workers such as nurses and teachers.
"This deal is also transformational for how new homes are delivered in Scotland and provides a blueprint to show that new housing can be built without any Government subsidy or cost to the taxpayer.
"In order to tackle the housing shortage in Scotland and the rest of the UK, public and private sector organisations need to explore new models and new ways of working together.
"The fact Places for People has been chosen for this pioneering partnership is a testament to our track record of delivering attractive, aspirational and sustainable new neighbourhoods."