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New homes for East Cowes on the way

29 November 2010

Plans for a 180 home development on the Cowes Waterfront Initiative, which will support plans to regenerate the area, have been approved by Isle of Wight Council.

The plans for East Cowes were developed in partnership between the Homes and Communities Agency, South East England Development Agency (SEEDA), Barratt and Spectrum Housing Group.

All the 180 properties will reach level 4 under the Code for Sustainable Homes and 54 homes (30 per cent) will be affordable. Barratt Homes will start building the 137 houses and 43 flats early next year.

Pam Alexander, SEEDA’s Chief Executive, commented: “SEEDA has worked closely with our partners to realise this ambitious vision for East Cowes and we are delighted to see the project one step closer to creating new homes and jobs in the area. I am confident that the significant investment we have made to date will provide an exciting new neighbourhood in East Cowes and boost the local economy by attracting businesses and investors.”

Kevin Bourner, head of area at the HCA, said: “This is a major landmark in the creation of a great place the East Cowes community will be proud to live and work. The partnership between the HCA, Barratt and Spectrum will deliver the standards of sustainability and design that we expect of modern new and affordable homes.”

The masterplan for the 11 hectare East Cowes site also includes a new Waitrose supermarket; medical centre; town square; hotel; a further 300 homes during a later phase,  and a marine employment quarter on the waterfront site.  An application from SEEDA for a 300 berth marina was also approved last month.

David Wilson Homes Southampton managing director Ian Wallace said: “We are delighted to be building more vital homes on the Island with Victoria’s Walk, adding to our substantial work partnering with Spectrum, SEEDA, the HCA and the Isle of Wight Council. 

“We continue to use the same team for this development, as we have with all our Island projects as our commitment to regenerating many areas of the Island continues.

“David Wilson Homes is very proud to involve locals and provide additional jobs in the area.

“By meeting level 4 of the Code for Sustainable Home, we will provide residents with some of the most environmentally friendly living on the Island.  Code 4 homes not only benefit people who will live in the homes but also other partners involved.”

Paul Read, divisional director of development (East) at Spectrum Housing Group, said: "This part of East Cowes is an important neighbourhood for Spectrum where we already own homes and have significant local engagement. The opportunity to bring much needed housing with both rent and shared ownership options is great for the community."

George Brown, IW Council cabinet member responsible for the economy, said: “We are delighted that the council has been able to play role in securing this important element of the wider regeneration project.

“This investment will come at a welcome for the Island both in terms of providing affordable housing and also an economic stimulus as a project of this size will inevitably have spin-off benefits for local business.”

HCA and SEEDA have committed around £18 million to the regeneration of East Cowes, which has included masterplanning, land acquisition, remediation and major infrastructure improvements including a new link road.

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