£60m resi development gets underway in North East Derbyshire
Work has begun on £60m development of 247 new-build homes near Chesterfield.
Avant Homes Central will deliver the scheme on 28 acres of land at Tibshelf Road in Holmewood. A fifth of the development will consist of affordable housing. Planning for the scheme – dubbed Earl’s Park – was secured in December 2021.
The housebuilder will also put £2.3m towards the provision of local education and healthcare in the area.
Chris Coley, managing director at Avant Homes Central, said: “Earl’s Park is an exciting opportunity to extend our presence close to our headquarters, so we’re pleased to have commenced work to deliver 247 new homes for Holmewood.
“We know there is strong demand for high quality new-build homes in the locality. With the good road connections to both the M1 and Chesterfield town centre, we anticipate our development will be hugely attractive to prospective buyers.”
The news comes at a potentially troubling time for Avant.
Earlier this month the company was named as one of eleven firms that had failed to sign the Government’s developer remediation contract before the 30 January deadline. The Levelling Up Secretary Michael Gove has since issued the companies in question with a revised ultimatum, but warned they could face being put out of business if they fail to agree to cladding removal measures.
TheBusinessDesk.com understands Avant Homes is in ongoing discussions over the matter and hopes to sign the contract soon.