£15m investment will deliver almost 400 homes

Housebuilder Story Homes says it is continuing to focus on expansion and investing in its future land supply across the North West, despite Brexit fears.

It has secured a trio of developments across Lancashire which will deliver a total of 393 new homes with an overall land investment of around £15m.

With planning permission granted for its latest development of 147 new homes in Grimsargh in Preston, these three new sites represent five years’ worth of building and development in the area.

A further 170 homes will be delivered in Dowbridge and 76 new homes in Halton.

This follows a successful couple of years for the family business which was founded by Fred Story in 1987, and has regional offices in Chorley, Carlisle and Newcastle.

The North West continues to be an important region for Story Homes as it operates out of 10 developments across the North West and South Cumbria, and has a number of new developments in the pipeline across the region.

This year the regional office will deliver around 300 homes and has several schemes in the planning stages, with the intention of increasing to 450 homes per year over the next three years.

All developments include an element of affordable housing, delivering much-needed high quality family homes, and will contribute significant funds to local authorities via planning contributions.

Adam Galleymore, land and planning director for Story Homes North West, said: “The success of the business is a testament to our reputation for delivering high specification quality homes across the region.

“The ultimate goal is to increase our output to 450 homes annually in the North West. These land deals secure five years’ supply of work and during this period we will build over 1,250 homes within the region.

“This, in turn, allows us to acquire even more sites and to plough more capital into the North West to help deliver our ambitious plans.”

He added: “We are committed to pushing ahead with these plans regardless of what happens with Brexit, as we are confident that there will still be a strong demand in the market for the high quality new homes we build.

“During the last recession the business’s strategy was to continue investing in our land supply to prepare for future growth and this proved effective, so that is what we are doing now to ensure we are best prepared for any outcome.”