Keepmoat Secures £198m Contract For Leeds Regeneration

Leeds City Council and Sustainable Communities 4 Leeds – a consortium comprising of Cyril Sweett Investments, Lloyds Bank Corporate Markets and Keepmoat Investments – signed a 20-year Private Finance Initiative (PFI), which will see Keepmoat renovate local communities across the Beeston Hill, Little London and Holbeck areas of the city.

Nick Ash, Regeneration Director at Keepmoat, said, “This scheme will make a huge difference to residents and communities in Leeds. As well as transforming large swathes of the inner city, this scheme is economically important for Leeds. It will create hundreds of skilled jobs, as well as giving local young people the chance to do apprenticeships and work experience.”

With work due to to get underway next month, Keepmoat will refurbish 1,245 properties and create 388 new homes, as well as making environmental improvements to the areas.

Naz Parkar, Head of Area at the Homes and Communities Agency, said, “This is fantastic news for the communities of Little London, Beeston Hill and Holbeck who will now see their homes refurbished and a further 400 new homes built.”

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