Council's development land deal created almost 2,500 jobs in Telford and Wrekin in 10 years - report
A 'pioneering' deal between Telford & Wrekin Council and Homes England has seen almost £60 million worth of development sites sold off in the borough since 2015.
According to a report put before councillors this week, sales of development land identified through a partnership scheme to dispose of 90 prime development sites in the borough have created over 2 million square feet of new employment space in the last ten years.
The Telford Land Deal allows for a pipeline of public land identified for employment and housing use to be marketed and sold off with planning permission and preparation work already in place to speed up development.
A total of 79 Homes England sites and 11 Telford & Wrekin Council sites are included within the programme - including sites such as Newport's NI Park and a new 60,000 square foot depot for logistics firm DHL in Hortonwood.
The council says the scheme has resulted in 35 sites being sold off for commercial use, creating nearly 2,500 jobs in the area. A further 25 sites were disposed of for residential developments, with a total of 1,583 new homes built on land provided by the programme.
