Galliford Try announce contract win

Construction firm Galliford Try has been selected to build £85 million of affordable housing in the South East, it has been reported.

Construction firm Galliford Try has been selected to build £85 million of affordable housing in the South East, it has been reported.

The company, which has successfully beaten competition to carry out the government scheme, throughout London and surrounding areas will now begin building the homes as part of the government's scheme to introduce 200,000 new homes every year.

With developments planned in four areas, there will be 671 new homes for rent and shared ownership, it has been reported.

The largest of the four contracts is a £34.5 million development in Enfield, in which 336 houses and apartments for the Circle Anglia Housing Association will be built.

Second largest is the £23 million project to build 136 apartments for the One Housing Group in Hornsey, east London, followed by a £16 million and £11 million project for 199 new homes in Plumstead, south London and Plaistow, east London respectively.

The announcement comes as many have serious doubts over the viability of the government's pledge to build 200,000 new homes this year, largely due to the credit crunch which is forcing construction companies to withhold from investing cash into building.