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Council's £54m major projects investment benefits Gateshead

     
Posted on Thursday 18 August 2016

Residents are benefitting from nearly £54m of investment by Gateshead Council in a range of major projects.

The end of year report to the Council’s Cabinet showed that the 2015-16 investment programme included almost £18m of investment in housing, including ongoing improvements to more than 1,100 existing council properties.

There was £9m of investment in carbon management and sustainability projects aimed at reducing carbon emissions and generating ongoing savings.

Projects include the innovative District Energy Scheme, which is expected to become operational by this autumn, installing solar PV panels on over 30 Council buildings and schools as well as street lighting improvements and energy efficient lighting upgrades.

There was £6m of investment in Council’s transport infrastructure, including highway  maintenance schemes and sustainable transport improvements.

The borough’s schools benefitted from over £5m of improvements, including increasing capacity in schools.

Another £2.6m of investment in the Council’s Accelerated Development Zone is helping to bring forward development at Gateshead Quays and Baltic Business Quarter, generating economic growth.

The council is continuing to encourage housing growth and development in Gateshead; during 2015/6 it has invested:

  • £2m to provide loan finance to Keelman Homes  - enabling the development of 15 new affordable family homes across two sites and the purchase and repair of 14 empty homes, which  have been brought back into use and let at affordable rents.
  • £0.8m towards the preparation of 8.8 hectares of land to support the development of 340 new homes at Corbitt Street, Hyde Park area and Chandless. In future it is projected that this will create £34m of inward investment and support 1,450 jobs, helping to generate an additional £0.4m of council tax income per year for the council.
  • Gateshead Regeneration Partnership – involving the council and partners Home Group and Galliford Try – has constructed a total of 67 new homes in sites within Bensham and Saltwell and Birtley.
  • Almost £1.4m of investment in providing Disabled Facilities Grants, helping 300 people to undertake adaptations of their properties to continue to live independently within their homes

Gateshead Council leader, Councillor Martin Gannon, said: “We are an ambitious council, despite the serious financial challenges we face.  We continue to invest in long-term projects that will improve the lives of our residents and businesses, including affordable housing and transport infrastructure.

We are also nearing completion of the pioneering Gateshead District Energy Scheme that will generate low-carbon heat and power locally for supply to public buildings, homes and businesses in Gateshead town centre.”