JV North builds its 10,000th home and passes £1 billion investment mark with Homes England

Social housebuilding consortium JV North has built its 10,000th home with the redevelopment of the Liverpool fire station fabled in The Beatles classic Penny Lane.

The Station Mews scheme delivered by consortium member Torus also saw JV North pass the £1 billion investment mark in partnership with Homes England.

Made up of North West-based housing associations and local authorities, JV North’s development work has now seen 30,000 people receive new homes.

Chair of JV North and Executive Director of Operations at Stockport Homes, John Bowker, said: “The cost of living crisis and a growing, ageing population means providing warm, efficient, high-quality affordable homes is more important than ever.

“JV North members can rightly feel a great sense of achievement at reaching such significant milestones – most importantly enabling 30,000 residents to have a place to proudly call home.

“It has been possible due to members having ambition and a big appetite to build coupled with fantastic long-term support from partners in particular Homes England as well as contractors and consultants on our framework.

“We continue to nurture these relationships to put us in a prime position to deliver even more homes in the future, evidence of which can be seen in the 2021/26 Affordable Homes Programme that will see us build over 4,000 properties.”

Shahi Islam, Director of Affordable Housing Grants at Homes England, said: “As the government’s housing and regeneration agency, increasing the supply of quality affordable homes remains one of our key objectives and we are committed to supporting ambitious housebuilders of all sizes to build those homes and communities.

“This investment through the Affordable Homes Programme does just that, enabling JV North consortium members to deliver their 10,000th much needed new homes the people of North West can be proud of.”

Steve Coffey, Chief Executive of JV North member Torus, said: “The entire Torus Group is incredibly proud of what has been accomplished at Station Mews.  Seeing modern, energy-efficient, affordable homes built in a key location and an iconic local landmark repurposed is just fantastic and testament to the partnerships that made it possible.

“Our standing as a JV North member very much helped unlock this site and the £1.7 million provided to the scheme by Homes England ensures these much-loved buildings continue to contribute to the community of Allerton and of course, Penny Lane.”

JV North was founded by five organisations and has grown to 12 members who recognise the benefits of economies of scale when bidding for Homes England grant, accessing the consortium’s £560 million framework, piloting innovation and sharing intelligence, market data and risk.

To mark the milestones, JV North held an event at Station Mews with members and stakeholders invited to see the new development and take part in a roundtable debate on the future of social housebuilding.

Penny Lane – written by Paul McCartney about his childhood memories in Allerton – refers to the fabled fireman based at the local fire station.

It includes the lines: ‘In Penny Lane there is a fireman with an hourglass and in his pocket is a portrait of the queen; he likes to keep his fire engine clean, it’s a clean machine’ and: ‘Penny Lane, the barber shaves another customer, we see the banker sitting waiting for a trim; then the fireman rushes in from the pouring rain – very strange’.

Station Mews saw Allerton fire station transformed into seven homes with the adjacent police station converted into 40 shared ownership apartments for over 55s in an £8 million scheme that included £1.7 million of Homes England grant funding secured via JV North.