Leading developer Westleigh is redeveloping a disused former smallholding to provide a mix of one bedroom flats and two and three bedroom houses.
The housing is being provided through a partnership with Nottingham Community Housing Association (NCHA) and Derbyshire Dales District Council.
Westleigh is building the homes on behalf of NCHA, who will make them available to those in housing need, with affordable rent and shared ownership options to be available.
Gary Turner, Head of Partnerships and Investment at Westleigh, said: "We are pleased to be playing our part in providing these affordable homes for the benefit of the community in Wirksworth.
"These homes will go some way towards addressing the shortage of affordable housing locally.
"We are looking forward to working with outstanding partners in NCHA and the District Council and to making this project a success together."
Allan Fisher, NCHA’s Director of Development said: "Our ongoing partnership with Westleigh and Derbyshire Dales District Council has brought this new development to life. "Our Development and Pelham Architects teams are proud to work on a project transforming a former derelict site for the local area and provide more affordable homes for local residents to rent and buy."
Councillor Lewis Rose, OBE, Leader of the District Council, said: "Providing affordable housing that enables local people to continue to live in the place they call home remains a key priority for the District Council.
"We are delighted that this development is taking shape in Wirksworth along with others across the Dales that will deliver 63 affordable homes during 2017/18. "The development in Wirksworth represents nearly £4m of investment into the town."
Westleigh is part of the Homes and Communities Agency Delivery Partner Panel on both the Midlands and Northern lots and works closely together with housing associations to build affordable new homes throughout the East and West Midlands, Yorkshire and Cambridgeshire. For further information visit www.westleigh.co.uk.
The park will be renamed Coldingham Bay Leisure Park with immediate effect and it brings Verdant Leisure’s portfolio to seven parks across southern Scotland and North East England. This latest acquisition continues the company’s growth strategy to create a strong regional group with significant scale, and Verdant Leisure remains keen to add further parks to its offering during 2017.
Located in the delightful village of Coldingham, the leisure park enjoys an elevated position affording fantastic sea views from the majority of its 300 pitches. Coldingham Bay Leisure Park will continue to offer holiday home ownership and touring facilities as well as the introduction of a small luxury hire fleet. The park also offers established woodland walks and the area is a magnet for water sports including diving, sea kayaking and canoeing at both Coldingham Bay and nearby St. Abbs. Such outdoor pursuits and the area’s rich history make it popular with holidaymakers throughout the year.
In April 2016, Palatine Private Equity backed a secondary buyout of Verdant Leisure from RJD Partners and the firm then purchased Kingfisher and Heather View holiday parks in the Wear Valley. Verdant Leisure now operates 2,800 pitches of privately owned lodges, holiday homes, holiday lettings and touring facilities.
Ed Fazakerley, Partner at Palatine Private Equity, said: "When we came on board in 2016 we saw significant buy and build potential in the Verdant Leisure business. This is the third park acquisition since we invested in the company and we plan to continue growing Verdant’s portfolio of leisure parks further."
Graham Hodgson, CEO Verdant Leisure, said: "This acquisition is a perfect choice for the Verdant Leisure group in terms of the geographical location and the opportunity it offers for future development. It is a great park that has delivered an excellent customer experience over many years and is a seamless fit with our brand and values. We plan to invest significant funds in Coldingham Bay Leisure Park over the next 12 months, taking advantage of our financial strength and excellent trading performance through 2016."
Westleigh plans to build 500 new homes across Staffordshire, Worcestershire, Warwickshire and the West Midlands metropolitan county.
The developer will receive the funds over a period of five years from the Homes and Communities Agency (HCA), under the 2016-21 Shared Ownership and Affordable Homes Programme.
The subsidy comes as part of a wider agreement that will see Westleigh build a total of 1,590 affordable homes across the Midlands and Yorkshire.
Ian Jones, Managing Director at Westleigh, said: "We are delighted to have been allocated this funding, which will allow us to bring new affordable homes to communities which need them across the Midlands and Yorkshire.
"There is an ever-increasing demand for homes that offer a route on to the property ladder. This funding offers vital support to projects which will make those homes a reality."
Westleigh has been active in the West Midlands since 2014, providing both affordable housing projects and homes for the open market, and is now planning its first developments in Worcestershire and Shropshire.
The developer is part of the Homes & Communities Agency Delivery Partner Panel on both the Midlands and Northern lots and works closely together with housing associations to build affordable new homes through the East and West Midlands, Yorkshire and Cambridgeshire. For further information call 0116 277 3324 or visit www.westleigh.co.uk