An £83m package of Government funding has been agreed to accelerate the delivery of 3,000 homes on a £800m mixed use development scheme on the edge of Nottingham.

Clowes has received £62m from Homes England’s Land Assembly Fund and £21m loan from the Home Building Fund towards the development of the 606-acre site at Fairham.

The project includes £100m of infrastructure improvements – roads cycleways, utility provisions and landscaping – community buildings, a primary school and up to one million sqft of commercial/industrial space at Fairham Business Park.

Robert Hepwood, Land and Planning Director at Clowes Developments, said: “This funding package from the Government really helps us to make progress on site across Fairham and start to realise our vision of a green and distinctive new district for Nottingham.

“By working in partnership with public bodies we can now accelerate the delivery of new jobs and new homes for Nottinghamshire. We’re sure that people will begin to see further progress on site throughout this year with our first new homes due to start construction in the autumn.”

Homes England acquired 250 acres of the 606-acre site in May 2019 and is working jointly with Clowes Developments as Master Developers to deliver the primary infrastructure needed to create a high quality, sustainable urban extension.

Gordon More, Interim Chief Executive for Homes England, said: “This is a big milestone for Fairham and means that work can start in earnest. As the country starts to think about the recovery from the Covid-19 pandemic, large projects such as this not only meet a demand for high quality new homes but also support the housebuilding sector by creating a pipeline of work, providing much-needed stability.

“We’ve been working hard with Clowes Development and Rushcliffe Borough Council to ensure that our plans for Fairham will help meet local need and provide facilities that the whole community can enjoy.”