1,000 new sustainable homes for a community of 2,500 people
The new development is forecasted to create 1,000 new sustainable homes for a community of 2,500 people, and 1 million square feet of modern offices for commercial and employment sites. The £29.75 million funding boost is in addition to a previous £49.94 million investment, bringing the total infrastructure investment to nearly £80 million.
For the new developments, the council has planned unique house designs inspired by local traditions, such as a modernised version of the Sunderland cottage. These new builds come with a variety of promises, such as energy efficiency, technology integrated, and super-connected to the burgeoning 5G network. Locations include 130 houses and apartments on the site of the former Vaux brewery, 160 homes on Farringdon Row, 80 homes on Ayre’s Quay and the largest development being 450 houses and apartments on Sheepfolds, which will be linked to the city centre by a newly constructed footbridge.
The funding bonus is aiding private sector investment in the area, with contributors ranging from Canada Life to Legal and General, this being in addition to the over £600 million already invested in the Riverside Regeneration programme.
"One of the most ambitious and innovative local authorities in the country"
City council leader Michael Mordey said of the funding boost: “Sunderland is growing its reputation as one of the most ambitious and innovative local authorities in the country, leveraging public and private sector investment to deliver a world-class place to live, work and play. […] Securing investment on this scale is only possible because we commit and then deliver – time and time again – and this is a fantastic vote of confidence in our plans for a dynamic, vibrant new urban residential district. We’re proud to be leading this from the front.”
