Gateshead is set to be the site of one of the most ambitious housing schemes on Tyneside after plans were submitted to the local authority.

Galliford Try is among the names in a joint venture which will encompass the first phase of the £350 million regeneration project which was lodged with Gateshead Council. The initial part of the scheme will see the construction of 472 properties in the Saltwell & Bensham, Deckham and Birtley area but the overall Gateshead Regeneration Partnership is aiming to build 2,400 across the region. The move is designed to provide a major boost to Tyneside and create affordable housing for residents.

Officials explained that the new homes will reach all the sustainability targets needed. They will be stretched across 19 sites constructed during the next 15 to 20 years and around 25 per cent will be affordable or social housing while the remaining will be privately owned.

The Gateshead Regeneration Partnership has brought together Galliford Try, Gateshead Council and Home Group and has been viewed as an innovative approach to help tackle the shortage of affordable housing in the area. Poor economic conditions and limited available public funding has also not helped people looking to afford a property. However, this new scheme could be the lifeline that many residents need.

Councillor Mick Henry, leader of Gateshead Council, said: “This is a hugely significant milestone in housing regeneration here in Gateshead. We embarked upon this ambitious venture with an aspiration to bridge the gaps between the public and private sector housing industry, to work together to revitalise communities at their very heart, and to tackle the shortage of family and affordable housing."

Housing has become a major issue across the UK with both Stoke and Liverpool offering developers a unique opportunity. Both these cities have offered people the chance to purchase rundown homes in some of the less affluent areas for just £1.

There are a range of conditions attached but the overall goal is to help make once inhabitable premises liveable again and go some way to solve the housing crises.

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