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Galliford Try announce contract win
07 August, 2008Construction firm Galliford Try has been selected to build £85 million of affordable housing in the South East, it has been reported.
Construction firm Galliford Try has been selected to build £85 million of affordable housing in the South East, it has been reported.
The company, which has successfully beaten competition to carry out the government scheme, throughout London and surrounding areas will now begin building the homes as part of the government's scheme to introduce 200,000 new homes every year.
With developments planned in four areas, there will be 671 new homes for rent and shared ownership, it has been reported.
The largest of the four contracts is a £34.5 million development in Enfield, in which 336 houses and apartments for the Circle Anglia Housing Association will be built.
Second largest is the £23 million project to build 136 apartments for the One Housing Group in Hornsey, east London, followed by a £16 million and £11 million project for 199 new homes in Plumstead, south London and Plaistow, east London respectively.
The announcement comes as many have serious doubts over the viability of the government's pledge to build 200,000 new homes this year, largely due to the credit crunch which is forcing construction companies to withhold from investing cash into building.
The long, drawn-out sale of British Energy (BE) to EDF Energy has come to an end after the French energy firm bought BE for £12.5 billion, it has been reported.
Government hopes to have an EDF Energy-British Energy (BE) tie up within two weeks have been dubbed "optimistic" by the British nuclear company, according to a recent report.
Gordon Brown is facing the prospect of a major defeat over the government's reluctance to impose a windfall tax on energy companies, it has been reported.
The City of London has launched a campaign against Gordon Brown in order to convince him that introducing a windfall tax on energy companies should be avoided.
TaylorWimpey has reported phenomenally poor first half results for the year so far, recording a loss of £1.5 billion, it has been announced.