Daily Newsletter

14 October 2024

Daily Newsletter

14 October 2024

NECA and Homes England to accelerate development in North East

This collaboration aims to leverage local plans and create new homes within thriving communities.

Vidhya Munnangi October 14 2024

The North East Combined Authority (NECA) and Homes England have established a Strategic Place Partnership to advance housing projects in the North East region.

This collaboration aims to leverage local plans and create new homes within thriving communities.

The partnership will utilise Homes England's expertise, resources such as land, legal powers, and funding, all supported by a business plan that aligns with local priorities.

This agreement builds on the existing collaboration between NECA, local authorities, and the agency, which has already facilitated projects such as Forth Yards in Newcastle and West Park in Sunderland.

North East Mayor Kim McGuinness commented on the partnership's potential to transform the region. "Everyone in the North East deserves a place they are proud to call home, and that is why I have made housing a key plank of my plans as Mayor," McGuinness said.

The recent £4.5m ($5.9m) investment in Horden's regeneration exemplifies the commitment to improving local housing.

McGuinness believes the partnership will convert significant brownfield sites into much-needed homes and communities, driving regional development and creating affordable, energy-efficient housing.

Homes England chief executive Peter Denton emphasised the practical implications of the partnership. "A strategic place partnership isn't a ceremonial bit of paper. It signals a long-term commitment where regional and national teams work together for the benefit of communities," Denton stated.

Denton expressed excitement about working closely with NECA to expedite progress, focusing on sustainable regeneration and quality, affordable homes for thousands in the North East.

Denton also noted that similar partnerships are in effect with other regional authorities, including South Yorkshire, West Yorkshire, the West Midlands, and Greater Manchester.

Saudi Arabia Construction Market Overview

Per GlobalData, the construction industry in Saudi Arabia is expected to record annual average growth of 5.2% from 2025 to 2028, supported by the government’s focus on boosting tourism, coupled with investments in commercial, energy, housing, and infrastructure projects. Forecasted period growth will also be supported by the government’s aim to develop 130GW of green energy infrastructure by 2030.

Saudi Arabia Construction Market Overview

Per GlobalData, the construction industry in Saudi Arabia is expected to record annual average growth of 5.2% from 2025 to 2028, supported by the government’s focus on boosting tourism, coupled with investments in commercial, energy, housing, and infrastructure projects. Forecasted period growth will also be supported by the government’s aim to develop 130GW of green energy infrastructure by 2030.

Newsletters by sectors

close

Sign up to the newsletter: In Brief

Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Thank you for subscribing

View all newsletters from across the GlobalData Media network.

close