CASE STUDY: Manchester Housing Investment Fund, Phase One | Wates

Responsible for the master planning and delivery of a £24m new build residential scheme across five sites

2 years
Project duration
60%
local labour
67%
local supply chain
£20.5m
Economic, environmental and social value generated by the project
£30k
invested into supporting local educational projects

Wates Residential was appointed as the contractor for the Manchester Housing Investment Fund project through the HCA’s Delivery Partner Panel and was responsible for the master planning and delivery of a £24m new build residential scheme across five sites, providing 240 much needed family homes for sale and high quality market rent.

Funding was secured as part of a joint venture between Manchester City Council and the Greater Manchester Pension Fund, showcasing a new and innovative partnership model.

Wates Residential’s unique offer included Wates Assured Homes, its BIM-designed affordable house types. And thanks to this approach, start on site from a red line boundary was achieved within twelve months.

The outcome

Manchester businesses received a £12m boost due to the project and 45 unemployed local people secured work and training. Wates also invested £141,377 into community regeneration projects and charitable grants, with £45,930 invested into social enterprises.

"The Housing Investment Fund was designed to counteract a much-reduced rate in home building and the result was a completely new, innovative and pro-active approach to managing our residential growth."
Councillor Bernard Priest
Deputy Leader, Manchester City Council

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