Inside Housing – News – Cornwall to see £3.4bn investment in housing over next decade

In response to the changing nature of Cornwall’s population, including an anticipated 257% increase in the over-90 cohort by 2050, the council is creating a framework in 2024 to provide 5,545 new homes for extra care, residential care, retirement and medical care. .

It also plans to deliver 12,965 new homes accessible to people with physical disabilities, learning difficulties, mental health needs and long-term conditions, along with 325 new specialist housing units for those with complex needs or who are at risk of to be homeless.

The council’s plan includes 170 new specialist housing units for vulnerable young people.

Olly Monk, cabinet member for planning and housing, said: “Cornwall Council recognizes that major investment in housing will ensure we can accommodate a growing population, support our vulnerable people and attract the specialist skills needed to drive economic growth.

“We are delighted to be attending UKREiiF and meeting investors and potential partners who can agree to deliver on our ambitions to create new communities with real heritage.”

He added that the council provides “hard figures based on real opportunities” and “backed by independent research”.

In April, LiveWest and Vistry announced they had acquired a site in Cornwall with plans to deliver up to 245 homes, half of which will be classed as affordable.

Linda Taylor, leader of Cornwall Council, said: “The team are very excited to be taking part in UKREiiF this year with an impressive range of development opportunities. The figure of £10.6 billion over the next 10 years is qualified by independent research, so we are confident that this will make Cornwall an attractive prospect for national contractors, consultants and their supply chains to expand their operations and to help us achieve our ambitious plans.

“We are developing housing stock faster than the rest of the UK, so harnessing the power of Cornwall is essential to the UK’s journey to net zero. Investing in Cornwall means having the space to think big and working with a proactive council to create a real legacy.”