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Planning Update Delays

As a result of the Covid 19 pandemic, the United Kingdom entered a nationwide lockdown on the 23rd of March 2020. This meant that all non-essential services were required to either close or work remotely where possible. This resulted in a number of local authority services being suspended.

With the current easing of the lockdown, we can confirm that our planning team in the UK are engaging with all the relevant authorities to ascertain the progress of all our sites.

We are treating this as a matter of urgency and we hope to have some updates to share with you in the next 2 to 3 weeks.

Bradford on Avon, Wiltshire, UK

Bradford-on-Avon Quick Facts

Quick Facts

Bradford-on-Avon Phase Breakdown

PHASE BREAKDOWN

Bradford-on-Avon Aerial View

AERIAL VIEW

Bradford-on-Avon Location

LOCATION

Site Information

Our latest strategic land investment site is located on the north western edge of the town of Bradford on Avon, a key Market Town within Wiltshire District Council. On successful allocation of the site for residential use, it is projected that investors will enjoy a close to 400% return over a 6 - 7 year period. This equates to an approximately 23% annualised return.

The site is located adjacent to the north western boundary of Bradford on Avon and is approximately 8 acres in size of which 49% will be retained for company benefit and 51% made available for investment. Bradford on Avon is a large Market Town with a range of key services and employment making it suitable for housing growth. The site is currently a block of gently sloping grazing land that has been previously utilised for equestrian use. There are two main access points off Bath Road to the east of the site.

Our Planning Department Comments

Latest Planning Update

The Bradford on Avon Neighbourhood Plan review has commenced and the Bradford on Avon Community Area, within which our site falls, has been identified to deliver 595 new homes within the plan period. The Plan review will be based on the expectations of 2018 NPPF as well as more recent guidelines issued by national Government with respect to accelerated delivery of housing.

The nationwide UK lockdown did have an impact on the initial timelines, but this has since been addressed in July this year. Our next engagement with the council will occur towards the end of 2020 but formal pre-submission representations will only be made towards the end of 2021.

We will continue to:

Whilst formal work on the plan will only commence towards the end of next year, we should be able to provide further feedback in Q2 2021.