Government loans £65m to upgrade area’s infrastructure
A PRS scheme being built by Quintain in the shadow of Wembley stadium has been handed a £65m funding boost by the government.
The loan will be matched by the developer with the money being ploughed into upgrading infrastructure in the area, including improved car and coach parking along with an energy centre and the first phase of a new public park.
Quintain chief executive Angus Dodd added: “Not only will this funding allow these critical elements to be brought forward, it will also support the more rapid delivery of new homes.”
The scheme at Wembley Park in north-west London will see 7,600 homes built over seven years – with 6,800 of the homes built for rent.
The development, designed by architect Cartwright Pickard, will include a mix of studios, one, two and three-bed properties.
Announcing the loan, housing minister Alok Sharma said: “Developments like Wembley Park are a great example of…boosting the choice and quality of homes on the market.”
Work on the scheme is set to be completed in 2026.