Never has the need to deliver new homes at scale been so pressing. Our Region is facing a housing emergency, and we are keen to work with new partners to find innovative ways to increase the supply of new homes.
As a Region we have adopted development plans in place with growth assumptions to see 81,000 new homes delivered over the plan period. These plans include substantial landbanks, some with planning consent in place.
In Wales, the Welsh Government have set an ambitious target of delivering 20,000 new low-carbon affordable homes this Government term. Increasing the supply of affordable, sustainable, low-carbon homes across the country is a key priority.
The Cardiff Capital Region has invested hundreds of millions of pounds into regional infrastructure that will help unlock future development including strategic residential development sites across the Cardiff Capital Region. A ￡35m Housing Viability Gap Fund aimed at unlocking stalled residential sites is fully committed and will deliver up to 2,600 new homes across the Region.
Cardiff Council is a significant partner in delivering Welsh Government targets, excelling in public and private sector collaboration and partnerships and delivering at scale and pace. They are implementing the largest council led housing development programme in Wales, and are currently working in collaboration with The Vale of Glamorgan Council to deliver over 2,500 new homes through an innovative housing partnership programme.
Newport has seen the highest rate of population growth within the Region between 2011 and 2021. This is set to continue, supported by major redevelopments such as Glan Llyn. This major regeneration project is transforming what was the former Newport Llanwern Steelworks site, into a major new vibrant community of 4000 homes and supporting infrastructure. Glan Llyn is one of the largest redevelopment schemes in Wales and will continue to provide new homes until and beyond 2040. There remains significant capacity for further investment for both residential and commercial developments.
Our regional development plans are wider than just building high-quality, low-carbon homes with comprehensive plans for redevelopment and regeneration encompassing mixed use schemes, state of the art community and health facilities to create sustainable communities where the need is greatest.
Delivering new homes at scale and pace directly complements Welsh Government’s house building targets and in doing so our Region is embracing Modern methods of constructing having delivered over 250 modular homes to date. We remain passionate about minimising the carbon impact of our schemes ensuring our homes remain affordable to power and heat.
Now is an ideal opportunity to invest in new housing development in our Region.