Firm injects £4.2 million into Milton Keynes housing development

A national house building company has provided millions to Milton Keynes Council to help fund a property development
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As part of the planning agreement for its Yardley Manor development in Olney, Taylor Wimpey South Midlands will be providing £4.2 million support to Milton Keynes Council.

All contributions form part of the Section 106 agreement, agreed between Taylor Wimpey and the council prior to receiving planning permission for the new development off Yardley Road in Olney.

Taylor Wimpey said it will contribute more than £1,000,000 towards secondary and further education, £875,000 to primary education and £392,000 towards the expansion or relocation of Cobbs Garden Surgery - currently located at West Street, Olney.

Taylor Wimpey has provided £4.2 million to Milton Keynes Council towards the housing development in OlneyTaylor Wimpey has provided £4.2 million to Milton Keynes Council towards the housing development in Olney
Taylor Wimpey has provided £4.2 million to Milton Keynes Council towards the housing development in Olney

A further £350,000 will apparently be spent on the provision for a local play area and playground equipment, £253,000 for public transport, £200,000 for public art and £177,000 towards early years education, according to Taylor Wimpey.

Taylor Wimpey said other financial support will include contributions to burial facilities, sports pitches, local allotments, emergency services, playing fields and a skate park, waste management and social care. Works will also be carried out on local highways to implement or improve roads, pathways and cycle lanes.

Fiona Lloyd, from Taylor Wimpey South Midlands, said: “We are committed to building high-quality new homes and making sure that our developments are sustainable and positively contribute to local communities.

"Education, transport, infrastructure and community facilities are all among the areas that benefit from planning contributions, and we are pleased to be working with the community in Olney to deliver these ahead of our new Yardley Manor development in the area.”

As one of the UK’s largest homebuilders, Taylor Wimpey said it is committed to providing communities across the UK with infrastructure and facilities as part of its planning agreement with local authorities.

For more information on this development, visit https://www.taylorwimpey.co.uk/proposed-developments/england/buckinghamshire/land-off-yardley-road-in-olney.