Celebration to mark the transformation of an eyesore site

  20 MAY, 2016
Celebration to mark the transformation of an eyesore site

Our construction work at the site of the former Woodshutts Inn pub in Butt Lane has begun.

Aspire Housing is developing the derelict land in Lower Ash Road, to create affordable housing for sale and for rent.

The pub site was bought in 2013 and cleared to make way for much-needed regeneration.

22 new properties will be built, with a mix of different styles and sizes. There will be six two-bed bungalows, ten two-bed houses and six one-bed flats. The development is expected to complete in 2017.

Once the homes are built, they will be a mix of seven shared ownership and 15 affordable rent, with a price range for the shared ownership homes of between £115k and £125k.

The development is being financed by Aspire Housing with support from the Homes and Communities Agency which has contributed £616,000 towards the build.

Sinéad Butters, Aspire Group chief executive, said: “We are proud to be working with Novus Property Solutions to regenerate this area by creating attractive and affordable new housing.

“In the past the site had attracted interest for all the wrong reasons, the former pub had become an eyesore and a magnet for anti-social behaviour.

“But we are transforming it to create housing which is in high demand. The shared ownership units are expected to be very popular and will help people get that step onto the property ladder.”

Novus director Alan Nixon said: “We’re delighted to be working with Aspire Housing on this project and look forward to playing our part delivering high quality housing to the area.”

SEARCH
RECENT NEWS
payment practices, contractors

DELIVERING ON OUR COMMITMENT TO IMPROVE PAYMENT PRACTICES

Ahead of the filing of our latest payment practice statistics, Neil Washington, our finance director, provides a breakdown of our results. Late payments are a thorn in the side of smaller firms in the construction supply chain. That’s why we have placed an ongoing focus on doing all we can to reduce the time we take to pay our suppliers. Quite rightly, the issue has attracted negative headlines in the construction industry and large companies are now required to report on their payment practices every six months. So, with the deadline for businesses to file their latest available data falling this week, some may be nervous about what the statistics will reveal. Here at Novus, however, we’re happy to report that our commitment to reducing payment times is continuing to bear fruit. The data for the first half of the year shows that we took an average of 29 days to pay our subcontractors. This is an improvement on the already high standard we set ourselves for the same period last year, which was 30 days. To put this in context, according to Construction News’ latest analysis of payment-practice reports, the industry’s largest contractors took an average of 43 days to pay suppliers. It’s not just there where we’ve continued to make improvements. We also now pay 57% of our invoices within 30 days, up from 52% for the first half of 2018, while the proportion of payments outside of terms are down year-on-year. Of course, our work doesn’t stop here and we will continue to focus on this issue. Contractors and their supply chains are dependent on each other’s success. Prompt payment means that subcontractors can maintain healthy cashflow levels, increasing the likelihood of them accepting more work and consistently carrying out quality jobs. Late payment can also have a massive impact on cashflow, increasing the likelihood of insolvency. At a time of skills shortages, reduced access to labour and economic uncertainty, it’s vital that bigger players in the industry are doing all they can to ease the burden smaller firms face.