Regeneration of Stocking Farm takes important step forward

Deputy city mayor Cllr Elly Cutkelvin, who leads on housing, economy and neighbourhoods, said: “We are committed to investing in our council estates and local neighbourhoods. Stocking Farm presents an opportunity to make lasting and ambitious improvements that will transform this neighbourhood, provide much-needed new council homes and bring real benefits to the area.

“I’m pleased that we have now appointed Clegg Construction as our delivery partner for this ambitious scheme which will help bring unused land and property back into use, improve life for local residents, and help kickstart the regeneration of this important part of the city.”

Michael Sims, managing director of Clegg Construction, said: “We are delighted to have been appointed by Leicester City Council to deliver much needed new homes in Leicester. This is a significant project that will provide modern new homes, and we look forward to working closely with the council and the team to bring the development forward and deliver a scheme that everyone involved can be proud of.”

Christian White, pre-construction director of Clegg Construction Ltd, said: “We are delighted to be working with Leicester City Council to deliver new sustainable homes in the heart of the Stocking Farm estate.

“Utilising modern methods of construction, these new homes will be delivered to exceed benchmark industry targets for embodied carbon, and we will use renewable technologies to deliver sustainable homes which will be fit for future generations and meet the growing demand for new affordable housing.

“We will also work closely with project stakeholders, local community groups and businesses to ensure that we deliver tangible social impact within the local community and surrounding areas.”

The cost of the Stocking Farm regeneration scheme will be covered using money from Leicester City Council’s Housing Revenue Account (HRA) which includes rent income, government funding and capital from Right to Buy receipts.

Unused Right to Buy money is returned to the Government unless it is spent, so housing schemes like this help ensure the money is reinvested locally into much-needed affordable housing.

The city council was also awarded £500,000 of government funding from the One Public Estate (OPE) programme to support delivery of these high-quality council homes, including demolition and site preparation costs.