Regeneration Project Triumphs at the Homes & Communities Academy Awards
A major regeneration project in the Midlands has been commended for defying the credit crunch, scooping a top industry award in recognition of its exceptional best practice, particularly in the economic downturn.
The North Solihull Partnership, a joint venture between the public and private sector, was awarded first prize in the 'New Ventures' category of the Homes and Communities Academy Awards, due to its outstanding results in the first four years of the regeneration project. The scheme has already completed 250 homes, two primary schools and 23 social rented units.
The prize was awarded, which was one of nine, on 4 June 2009 at the Homes and Communities Academy Awards ceremony, the industry awards organised by the HCAAcademy - the skills arm of the Homes and Communities Agency.
Comprising Solihull Council, investment company Inpartnership, housing association Whitefriars and house-builder Bellway, North Solihull Partnership's aim is to regenerate deprived areas in Solihull, through an investment of Â£1.5 billion.
Thanks to the constitution of the Partnership, and its unique funding model, the 15-year strategy was able to be more flexible, enabling North Solihull Partnership to revise its objectives in line with the economic climate and, as a result bolstered its social housing developments.