The Hem will bring 350 new homes to The Nedge after councilors voted seven to two in January to grant permission to develop the 37.25 hectare (92 acre) site.
An update from next week’s meeting of Telford & Wrekin Council’s ruling cabinet says: ‘The site will provide a high quality residential development of family accommodation in a setting of open green space and will comply with the principles of Building for a Healthy Life.”
A developer has been selected for the site and work is due to start next year
The site is one of the main residential development areas vacated by the Telford Land Deal.
The land deal is where the council is able to use former land owned by Homes England to redevelop homes and businesses.
Cabinet members are expected to receive an update on progress on dead land when they meet on Thursday. Council officials say progress is being made.
Another, smaller site at Pool Hill Road has been sold for the development of 36 homes and work is due to start early next year, the report adds.
These two sites are just the tip of the iceberg for the Land Deal, which is a partnership between Telford & Wrekin Council, Homes England and Marche Local Enterprise Partnership (LEP).
The council has the responsibility to present the sites within the land agreement and to provide ‘ready-made’ sites available for development for residential and employment purposes.
From April to June this year, the council sold another commercial site, for £390,000. A further five commercial sites and one residential site are currently under negotiation and are expected to generate revenue of £21m in 2022/23.
These sales are expected to help create approximately 442 jobs and 299 new homes.
As part of the 10-year land agreement, the council was also able to increase the borough’s green network and local nature reserve offerings.
Councilor Lee Carter, Council Cabinet Member for Neighborhood Services, Regeneration and High Street, said: ‘We are extremely proud of the Telford land deal and the positive impact it has continued to have. to have in the borough.
“The program provides new infrastructure, creates new jobs and housing, and helps businesses grow and attract investment.”
Since the start of the land deal seven years ago, Telford & Wrekin council has facilitated spending of around £21.9 million to come up with sites for development.
In the first seven years the deal made a profit of £8.2m, of which the council has a gross share of £6.97m, although this has been reduced to deal with venues which cannot be developed.
Councilors were asked to take note of the report.