The private sector partners which will make up the Sheffield Housing Company with Sheffield City Council have been announced as the consortium made up of Keepmoat Limited and Great Places Housing Group.

The company is planning to build around 2,300 new homes over the next 15 years, providing long term and effective regeneration for neighbourhoods in the city.

Councillor Penny Baker, Sheffield City Council's cabinet member for housing, regeneration and planning, said: "We are excited to announce today our preferred partners in the Sheffield Housing Company. Even in the challenging financial climate we're all facing at the moment, we are coming up with innovative ways to make sure the regeneration of our city goes from strength to strength.

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"This will be a 50:50 partnership between the Council and the private sector in order to provide new high quality homes for sale, shared ownership and rent. These homes will be built in areas where regeneration is needed most, and will have the added effect of stimulating the local economies with labour initiatives, training schemes and support for small, medium and community enterprises.

"Local people will be able to contribute to the development of these homes throughout the next 15 years, as part of the design process as well as providing ongoing feedback as the new homes are occupied."

(CD/KMcA)