CALA’s £40m investment to deliver hundreds of homes and jobs in Erskine
CALA Homes (West) is set to create hundreds of jobs in Renfrewshire as construction commences on a 195-home new build development in Erskine.
Through the delivery of much-needed new homes, the housebuilder is also supporting local communities by creating over 130 jobs a month alongside around 80 indirect jobs at the site near Florish Road.
CALA will invest £40 million in the development over the next four years, marking out the experienced developer as a major private sector investor in the wider Renfrewshire area. As well as job creation, the significant investment will boost the local economy and deliver vital new housing to an area where demand continues to outstrip supply.
An economic impact survey undertaken by insight provider Lichfields has revealed the completed housing scheme will provide a substantial, material boost to the local economy, including a gross value add of £3.7m per annum and a council tax contribution of £300,000.
While the development will provide a variable product range for different buyer types, CALA said it continues to work alongside the Scottish Government to meet its 50,000 affordable homes target by 2021.
Graham McNeil, land director, CALA Homes (West), said: “Our latest development in Erskine will deliver quality housing while creating a strong community environment and demonstrates a long-term commitment to Renfrewshire. We will continue to work alongside key stakeholders to ensure the development meets the requirements of the local area and the people who live here.
“As well as delivering much-needed private and affordable housing, CALA’s £40m investment will create new jobs and unlock additional investment opportunities, which will help drive economic growth in the future.”
As well as continuing to deliver detached and family homes, CALA is diversifying into smaller houses and across other development sites there will be a greater ratio of flats to capture the changing demographics in the local market.