Plans to Build 650 Homes & School in South Wales Unveiled
Plans to build more than 650 new homes in Newport and Tonyrefail have been unveiled. The new residential developments are proposed for the 39 acre former steelworks site at Whiteheads, Newport - which will also support delivery of a new primary school - and a 16 acre site at Eirin Park, Tonyrefail. The Welsh government said the Whiteheads development would provide up to 400 homes and is expected to deliver a £140m economic boost to the area, creating up to 1,500 jobs in the process. There are plans for 260 homes at Eirin Park in Tonyrefail which is expected to create £85m for the local economy and create up to 800 jobs.
Subject to planning permission these two new projects are anticipated to create around 2,300 jobs and deliver an economic benefit in the region of £225m to the local economies. The Welsh government has also agreed to loan the Whiteheads Development Company £7m and the Parc Eirin Development Company £1m to help deliver the projects quickly. Both are subsidiaries of Tai Tirion, a not-for-profit organisation created following an initial alliance between the Welsh government and the Principality Building Society to deliver affordable homes.
The Whiteheads and Eirin Park developments are the latest additions to the Tai Tirion portfolio which also contains The Mill, a £100m affordable housing development on the site of an old paper mill in Cardiff. David Ward, CEO of Tai Tirion, said: “Tai Tirion was established to address the shortage of high quality affordable housing across Wales and we are delighted to add two new sites to our existing development in the heart of Cardiff.