Over £40m worth of infrastructure investment has been obtained for a new development in Horley, creating a key milestone for the area.
Last December East Street Homes received planning permission to build 56 flats, six homes, and two retail establisments in Victoria Road, on the site of an abandoned car park. The development has now been provided to Bellway, which will lay the foundations next month. The goal is to have the first homes available in 2017.
The shops at the site, which has been named Sovereign Place, will be made available for leasing later on. There will also be 35 spaces for parking.
The development is close to Russell Square, the six-storey mixed-use building that was completed last year on the site of the former Newman House. It was a controversial subject prior to being approved, as some residents did not want more homes built in Horley while others did not believe that 35 parking sites would support the number of proposed properties.
Legal agreements between Surrey County Council, Reigate and Banstead Borough Council, and the developers (A2Dominion, Crest Nicolson, Persimmon, and Taylor Wimpey) are now in place for a development site at Meath Green.
Site plans include 1,510 residential properties, one-quarter of which will be affordable for local people, an open public space, shops, a primary school, a bus service, pedestrian and cycle routes, and access roads linking the neighbourhood to the A23 and A217.
The developers will provide over £10m to establish infrastructure, namely the location for the new primary school, new access roads, and the open public space.
They will also provide £30m to the borough and county councils to support substantial investment in education, leisure, public transport, highways, and other community infrastructure and improvements.
These contributions will fund future investment in the area, as well as cover the infrastructure costs that have already been provided by the borough and county councils as part of the Horley Master Plan. Part of this plan are the construction of the Horley Leisure Centre, a primary school, and a youth centre; local highway schemes, a new transport connection, and improvements to Horley station.
Councillor Tony Schofield, who oversees the council’s planning and development interests, said that the development is an important step forward in the Horley Master Plan, which includes new homes and infrastructure improvements.
Mr Schofield explained that the development is also a major contribution toward the five-year housing supply for the borough, allowing much-needed new residences to be built along with the infrastructure needed to support them.