A consortium of landlords is to invest over £335 million to build thousands of new homes across Liverpool, Manchester, Nottingham and Preston.

Having secured an £87.3m grant from the HCA's Shared Ownership Affordable Homes Programme, JV North plans to build nearly 3,000 homes over the next four years.

Of the 2,758 homes to be delivered, 1,269 will be for Shared Ownership, 1,063 for Rent to Buy and 426 as Specialist Housing for Rent.

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JV North Chairman, Nigel Wilson, said: "We are delighted with the size of the grant awarded which reflects JV North's strong track record of building homes. The overall investment is more than a third of a billion pounds.

"We acknowledged a number of years ago that there was a looming housing problem in the areas we operate.

"Working as a consortium we have sought to do all we can to address this and the level of support from the HCA is very welcome, so too is the timing of this announcement as we renew our consultants and contractors framework later this month."

JV North consists of 10 large organisations, nine of which are based across the North West, that collectively own more than 73,000 properties.

(LM/MH)