Public-private venture set to benefit Corby

Corby Borough Council has agreed to a public-private initiative to speed up the regeneration of the Northamptonshire town.

The programme, created by the borough council and Corby Developments Ltd, a subsidiary of Bee Bee Developments, is designed to complement the work of urban regeneration company Catalyst Corby.

It will start with an initial asset base of £10 million of development land and will be charged with delivering the council's ambitions for housing as well as revamping the town centre.

The vehicle, which has yet to be named, has a number of projects earmarked for its first phase. These include a 150-home development at Arran Way, the redevelopment of the town's boating lake, factory-engineered housing on a brownfield site called Corby Central Village and the demolition of low-demand homes in the Kingswood area.

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