Housing loan to fund 30 homes

Wiggett Homes

A Greater Manchester investment fund could pay out £2.2m towards homes in Littleborough.

Developer Wiggett Homes has gained planning permission to build 30 homes and six apartments on a site in Littleborough, and is asking for a loan worth more than £2.2m from the authority to fund the project. 

Its Harehill Mill scheme would also include a “contribution” to children’s play and local sports facilities, according to a document prepared for the authority.

It would also bring an existing building back into use to create the six apartments.

The Greater Manchester’s ‘housing investments loan fund’ was set up to ‘kickstart’ housing on former industrial land across the region, helping developers make their finances stack up at a time when borrowing was tricky.

Mari Eccles, Local Democracy Reporter