Enfield signs housing partnership

Under the plans, funding for the project has been raised through the newly formed Enfield Innovations company, which is wholly owned by the council. Building work on the proposed site is scheduled to begin in December.

The partnership involves a risk-sharing agreement that will see the partners deliver 94 new residential homes, comprising 37 affordable homes (20 social for rent; 17 for shared ownership) and 57 private rented homes.

"This is a highly innovative risk-sharing partnership agreement between the council and Kier Property to finance and build new housing, and we expect to see similarly bold initiatives from other local authorities as they seek to follow Enfield’s lead in addressing the shortage of housing,” said Phillippa Prongue, director at Kier Project Investment.