W2, a 10 year joint venture between Warwick District Council and Waterloo Housing Group, has been formally agreed to deliver 300 affordable new homes over the next 3 years.

Councillor Vincett, Portfolio Holder for Housing & Property Services said: "Even in the current economic climate, with budgets being cut, we have kept the needs of our residents and the community at the heart of what we do. Increasing the provision of affordable housing is a key priority and we are proud to have signed this joint venture even in the most challenging market conditions."

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W2 will focus on delivering state of the art energy efficient and adapted homes to meet the needs of a diverse range of residents across the district.

W2 will utilise both council and privately owned sites. Advanced discussions are taking place to bring forward the first council owned site. The first development on a privately owned site will be on Park Road, the former North Leamington School site, where 23 affordable homes will be delivered in partnership with local house builder AC Lloyd, with completion anticipated for 2013.

(CD/GK)