Economy

The development will contribute to the local economy as it will:

Contribute to housing supply (including the provision of new affordable homes).

Result in positive effects on local construction employment and the supply chain

Create new jobs that are directly created (or sub-contracted) to manage and supervise the construction of the proposed development.

Create new jobs in other companies and organisations that provide services to the proposed development (i.e. procurement and other supply chain effects)

Create additional jobs and other economic outputs that are created in the wider economy as a result of the spending of employee incomes.

Create permanent jobs, including jobs created within the proposed schools and potential healthcare centre.

Introduce new household expenditure into the area.

The Council will also receive New Homes Bonus funding from the development. The New Homes Bonus Scheme provides cash for Council's that allow new homes to be built in their area. Under the scheme the Government matches the council tax raised from new homes for the first six years through the New Homes Bonus. Councils and communities work together to decide how to spend the extra funding - whether council tax discounts for local residents, boosting frontline services like rubbish collection or providing local facilities like swimming pools and leisure centres.