North Somerset Council · Awarded contract

Awarded

Award of Development Partner Concession for 52 Homes in Nailsea

Awarded 31 May 2022

View live tenders

Awarded31 May 2022

Value£20,400,000.00

SupplierStonewood Partnerships Ltd

AgencyNorth Somerset Council

RegionUnited Kingdom

CategoryConstruction

Ended 1y 2mo ago3y 3mo term

Awarded 31 May 2022Expired 31 Aug 2025

About

North Somerset Council awarded a contract to Stonewood Partnerships Ltd for the delivery of 52 homes on land south of The Uplands, Nailsea, through a concession.

The site has full planning consent for a high-quality, sustainable development and benefits from Homes England's Local Authority Accelerated Construction Fund and the One Public Estate Land Release Fund, including a £481,028 Land Release Fund grant passed to the developer for eligible enabling works.

The funding conditions require timely investment in enabling works, use of Modern Methods of Construction (panelised), provision of at least 30% affordable housing, and accelerated delivery.

The council followed a process similar to the Competitive Dialogue procedure under the Concession Contracts Regulations 2016 and used the Homes England building lease.

The contract value is AUD 20,400,000.

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