The regeneration of North Prospect has received a massive £2.8 million boost from the Housing Infrastructure Fund (HIF).
The HIF is distributed by the government to projects across the country to help pay for the infrastructure needed to support the building of new housing schemes.
Plymouth City Council had prioritised the North Prospect area in their funding bid, with the final phase of the project set to get underway later this year.
Councillor Patrick Nicholson, Deputy Leader and Cabinet member for Strategic Transport, Housing and Planning, said: “We are absolutely delighted to receive this funding and equally pleased that it will be going towards such an important scheme.
“The regeneration of North Prospect is one of the biggest housing projects ever undertaken in Plymouth and we have been proud to support it.
“What I like most about this project is that as well as providing high quality, eco-friendly homes, many people in the community have benefitted from the training and employment opportunities.”
Nick Jackson, Director of Business Services and Development for PCH, said “It’s fantastic that we have received this funding. As well as the support from HIF it reflects the high priority given to Plymouth by our national partners at the Ministry of Housing Communities and Local Government and Homes England.
“The funding gives us a great opportunity to complete the regeneration of the area with the continued support of the council as our key partner.”
North Prospect has already seen more than 600 new homes completed alongside the Beacon, a new community hub housing shops, a new library, a Children’s Centre and 39 flats for older residents.
With the first two phases of the project complete, the third on track for delivery and planning permission for the next phase due to be resolved shortly, development will now focus on planning the final phase of redevelopment in the area of Dingle Road, Laurel Road, Myrtleville, North Prospect Road and Rosedown Avenue.
Work on the regeneration of North Prospect is expected to be completed during 2023.