House-builder The Hill Group has formed a long-term housing investment partnership with Dacorum Borough Council.
The Dacorum Investment Partnership is a 50/50 joint venture established to support the council鈥檚 ambitions to increase the supply of affordable housing, realise strategic town centre and neighbourhood regeneration sites, and secure long-term income streams for the council.
Dacorum Borough Council and Hill will work together to unlock a pipeline of sites across the borough. The focus will be on Hemel Hempstead town centre, which the council has plans to revive as somewhere people might want to live, work and visit.
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Andy Hill, founder and chief executive of The Hill Group, said: 鈥淭his partnership marks an exciting chapter for Dacorum, and we are proud to bring our expertise to support the borough鈥檚 housing and regeneration ambitions. At Hill, we are passionate about creating sustainable and inclusive communities that have a lasting positive impact. Through this collaboration, we look forward to delivering quality homes and vibrant places that reflect the character and aspirations of the people of聽 Dacorum. Together we will lay the foundations for a thriving, sustainable and inclusive future for the borough.鈥�
Dacorum Borough Council leader Sally Symington said: 鈥淭he new Dacorum Investment Partnership is a groundbreaking initiative for us as a council. It鈥檚 an exciting opportunity to work in partnership to develop affordable housing and bring vital regeneration to the borough. Through the collaboration, we aim to identify key potential sites for future development to deliver new homes, commercial spaces, and essential infrastructure. It provides an approach to involve the private sector at an early stage to leverage their expertise from the outset.鈥�
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