Published: Thursday, 6th August 2015
Detailed plans – including landscaping and transport links – for the first stage of a new market town near Plymouth have been approved by South Hams District Council and the city council.
The 5,500-home Sherford settlement has a price-tag of £1bn and involves Red Tree, the project founder, and a consortium of developers including Taylor Wimpey, Linden Homes and Bovis Homes.
The project has been supported with an investment of up to £32m from the Homes and Communities Agency to allow key infrastructure to be built.
The first phase of the scheme involves 580 houses. When complete the town will have four schools, a library, GP surgery, town hall, community centres and parks. As well as thousands of new homes the new settlement will provide 83,000 square metres of employment space on the outskirts of Plymouth.
Leader of South Hams District Council John Tucker said: “This milestone marks the real beginning of Sherford as a town, bringing much needed housing and jobs to the area.”
Original plans for Sherford date back to the 1990s. The new market town is the fifth large-scale site the government has helped to accelerate since August last year. The new settlement is the central element of the development plan for South Hams.