NEWS
1,000 NEW JOBS FOR TEES VALLEY AT YARM DEVELOPMENT
02/10/2012An innovative retirement village is set to create up to 1,000 jobs in the Tees Valley.
Maher Developments has submitted an outline planning application for a retirement village at Mount Leven Farm, Leven Bank Road, Yarm and plans to use local contractors and labour wherever possible.
The development will provide more than 750 full time construction jobs during the development phase and at least 100 permanent jobs will be on offer once the scheme is up and running.
The aim is to build an integrated village community for older and retired people with high quality buildings constructed to Level 5 of the Code of Sustainable Homes, with social, cultural and leisure facilities. Prices will range from £140,000 to £250,000.
It will be the first community of its kind on this scale in the UK and will act as a blueprint for Maher Projects and its Middle East investors who hope to create up to 20 such schemes across the country.
The development will involve 350 properties that will mainly consist of one-bedroom and two-bedroom bungalows. Ten per cent will be affordable housing for the people working at the development such as care staff, gardeners, cleaners and estate maintenance staff.
Javed Majid of Maher Projects Limited said: "I am hugely excited about this development and the benefits for the Tees Valley.
"The North East has the highest level of unemployment in the country and creating jobs to this level will have a major positive impact on the local and regional economy. This is a massive opportunity and the knock on effect for the supply chain and local retailers will be huge.
"I am absolutely determined that as many of the jobs as possible will go to local people. I want to put something back into the Tees Valley community, which I have lived and worked in for many years, and which has been very good to me, my family and my businesses."