CAMBRIDGE Investment Partnership has won The Best Development Team (South) at this year’s Inside Housing Development Awards.
Cambridge Investment Partnership (CIP) is an equally owned partnership between Cambridge City Council and Hill Investment Partnerships established in 2017 to address the acute housing need by providing high quality new council homes, market sale homes and commercial and community facilities.
A year ahead of its initial target, to start at least 500 council homes by March 2022, as part of the £70m Cambridgeshire and Peterborough devolution grant, it is now on site building over 500 new council homes (900 homes in total), has already completed seven sites under Covid guidelines and is now working to delivering a minimum of 1,700 new homes, with 1,000 being council homes within 10 years, including the first Passivhaus accredited council homes in Cambridge.
Cllr Mike Todd-Jones, Executive Councillor for Housing at Cambridge City Council and CIP board member comments, “We are absolutely delighted to win this prestigious award. This is the first time we have entered this category so it’s wonderful to have our hard work and commitment to delivering much needed high quality council homes in Cambridge recognised by the industry.”
The Best Development Team is awarded to the winning team who is able to demonstrate outstanding achievement to deliver high quality new homes and places that meet the needs of residents. Whether the development team is well established or growing, the award recognises ambition and excellent performance.
The judges commented, “The judges felt this team is an excellent example of partnership building and joint delivery. They achieved an ambitious range of projects and innovation - from high quality new sustainable homes, pods for rough sleepers to mud kitchens!”
Tom Hill, Regional Director for Hill said, “Winning this award is particularly special for us as it recognises the way we work in collaboration together. We have been committed from the outset to work in partnership as a team on the day-to-day delivery of our programme in order to get the best outcome and are continuously looking at how things can be done better.
“This collaborative approach has ensured that we have been able to successfully deliver our target to start on site to build 500 new council homes a year early. I would like to thank all our team and partners for the helping us achieve this award.”
Cambridge Investment Partnership, which was established in February 2017, is addressing the acute housing need in Cambridge by providing high quality brand new council homes and market sale homes, along with commercial and community facilities.
The team’s successes include:
- Handed over 124 brand new council homes on eight sites, with a further eight sites under construction
- Provided debt finance to fund mixed tenure developments at Mill Road and Cromwell Road, sharing risk and reward and securing funding for affordable homes. Each development also provides 118 council homes
- Delivered Housing First properties in Cambridge for rough sleepers and 18 pod homes on three sites to provide temporary homes for homelessness as a middle step into long-term accommodation
- Meeting/exceeding sustainability policies of homes designed for the future – both reducing CO2 emissions and residents heating costs helping address fuel poverty issues. Developments are now gas free, ahead of Government targets
- Planning achieved for 21 Passivhaus accredited council homes in Cambridge
- Commenced marketing at Mill Road and Cromwell Road to provide income to reinvest in future new housing
- Demonstrating consideration for communities in which CIP works, following best practice and listening to them through consultation, before during and after construction, such as The Meadows where following strong feedback from local residents a different architect was appointed to come up with a new strategy
- Improving the quality of life for residents of the city’s most deprived estates through regeneration projects that improve safety, provide high quality buildings and open spaces and address local needs through provision of 6 shops, 5 new community centres and nurseries
- The creation of quality public realm and new open spaces within the developments including four parks being created at Ironworks, Mill Road and Timberworks, Cromwell Road
- Five new community centres across four different wards
- More than 200 additional trees planted
- Over £7 million worth of S106 money committed to local schools, parks, sports centres, NHS and The Chisholm Trail