Telford Land Deal

The Telford Land Deal is one of the great successes of the Marches LEP – helping bring some £325million of private sector investment into the borough to date.

Since 2015, the Land Deal has

  • leveraged £300million in private sector investment
  • created over 2,000 jobs
  • built over 1,000 new homes

The deal, one of our first Growth Deals, is an innovative collaboration between the LEP, Telford & Wrekin Council and Homes England. 

Since it was established in 2015, it has created in the region of 2,000 new jobs and allowed the construction of nearly 1,300 homes, alongside the private sector investment generated. 

Most of the land identified for development when the new town was created is under the control of Homes England. Under the land deal, the LEP supports the council to buy land and get it “shovel ready”, so making it more attractive and risk free for developers.

Since 2015, the land deal has delivered the sale of 29 commercial sites and 23 sites for residential development, achieving a gross sales income of £41.9million.

It has helped create 143,988sq m (1,549,873sq ft) of employment floor space to allow local businesses to expand and new businesses to develop, as well as making land for much-needed homes.

So far, the council has been able to re-invest about £21.9million from land sales back into the local area. These investments in infrastructure further improve the conditions for inward investment and so deliver new homes, jobs and commercial spaces.

The aim is for about £44.5million of land receipts in total to be ploughed into the local area over the 10-year life span of the land deal.

Looking Forward

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