Next phase of £1bn project
Hunter and CALA team up for Winchburgh project
Winchburgh: a new central belt community
Almost 3,500 homes will be built as the next phase of one of the UK’s biggest housing-linked infrastructure projects.
Winchburgh Developments is a newly-created joint venture between Sir Tom Hunter’s private equity partnership West Coast Capital (WCC) and CALA Homes and will invest in the £1 billion development at Winchburgh, West Lothian.
It will include 3,450 homes, schools and a range of infrastructure including improved transport links, a marina, a 75-acre district park and 35 acres of employment land.
The masterplan will unlock sites for multiple house builders, and ease pressure on housing needs in the area with the inclusion of 700 affordable houses, andmore than 400 for social rent.
“Having already delivered over 558 homes in the first phase with five national housebuilders we now look forward to moving forward with many more housebuilders to deliver much needed homes for West Lothian in the next phase of development.”
The schools will be forward funded by the council with support from the Scottish Government but ultimately will be paid for by house builders across West Lothian via receipts from the roof tax as housing is developed.
In support of WDL’s infrastructure investment, the Building Scotland Fund is lending the joint venture £26.8 million towards the development on a secured and interest bearing basis.
A package of support to unlock the Winchburgh development formed part of the Scottish Government’s commitment through the Edinburgh and South East Scotland City Region Deal.
The Scottish Government’s overall investment in the Edinburgh and South East Scotland City Region Deal will contribute towards 41,000 new homes, 21,000 jobs and improve the skills of an estimated 14,700 people in the area.
The Building Scotland Fund loan to Winchburgh is in addition to £50m already pledged as part of the City Region Deal for housing related infrastructure.
Phase One of Winchburgh saw five private housebuilders; Barratt Homes, Miller Homes, Bellway, Stewart Milne Homes and Taylor Wimpey active on site, with the expectation that many more will participate in the ongoing development.
In addition, West Lothian Council’s housing department and Wheatley Group, through its subsidiary West Lothian Housing Partnership, delivered 96 affordable housing units for social rent in the new town centre.
CALA chief executive, Kevin Whitaker, said: “Following the acquisition of CALA by Legal & General last year, we have the appetite, expertise and capability to work on ambitious large-scale projects such as Winchburgh.
“West Coast Capital has worked incredibly hard over the last eight years to bring the site to this advanced stage. We now look forward to working with them and other stakeholders to deliver the next chapter of this exciting project.”
John Hamilton, CEO at Winchburgh Developments, said: “It’s a huge achievement for all parties involved to have reached this point where the plans we have made can start to become a reality. The masterplan for Winchburgh goes far beyond building new homes.
“This is set to be one of the most exciting placemaking projects in the UK, which will bring new education facilities, a significant number of permanent jobs, and improved transport links to the area.”