HOUSING

Merging the best of both sectors to create new garden communities

Andy Jarrett explains how joint ventures and garden towns – including the Otterpool Park joint venture+ between Folkstone and Hythe DC and Cozumel Estates, for up to 10,000 homes – will help the Government achieve its housing target.

With tough Government targets for housing to be met, it is increasingly falling to councils and developers to think about innovative and creative ways to work together to get more homes built. We know that, when done correctly, a joint venture (JV) can help regenerate and develop parts of a community that have traditionally been hard to reach, or create completely new communities.

Undoubtedly, the most successful JVs are the ones that bring together the best of the private and public sectors, sharing expertise and complementing each other. JVs can't just rely on contractual and financial agreements alone; effective communication and shared objectives must underpin any future strategy.

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