Salford approves PFI plan

17 August 2012 Salford council has formally approved the preferred bidder for its housing PFI scheme in Pendleton.
Partnerships Bulletin revealed in March that the SP+ consortium, led by the Together Housing Group’s Chevin Housing Association and housing contractor Keepmoat, had won the scheme.

The council’s planning committee has now rubber-stamped that decision, giving the green light to the £430m redevelopment plan.

Under the deal, SP+ will deliver 2,100 units of housing, including 460 units designated as affordable housing for rent.

However, sources close to the deal have suggested debt finance could be difficult to raise, as foreign providers have reservations about the merger of consortium member Keepmoat with Apollo earlier in the year.

For more information on the project, click here.

This page was last updated on:
18 September 2014.

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