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Barratt Homes set to support almost 500 jobs on latest site

By Tom Pegden

Barratt Homes North Midlands says it expects to support 466 jobs on its latest development.

The housebuilder is putting up 233 new homes at its King’s Meadow site in Kirby Lane, Melton Mowbray, north Leicestershire. The business said it mainly employs local sub-contractors and tradesmen, including apprentices on its building sites.

Earlier this month Barratt Developments chief executive David Thomas said they were putting up new homes as quickly as they could thanks to continuing high demand.

The boss of the north west Leicestershire-based business – which also includes David Wilson Homes – said: “We expect to deliver full year trading results in line with the board's expectations as we remain focused on growing towards our medium-term target of 20,000 homes a year, delivering high quality sustainable developments the country needs, creating jobs and supporting the economy across England, Scotland and Wales.”

Mark Cotes, managing director at Barratt Homes North Midlands, said: “Our new development in Melton Mowbray will provide much needed housing in the Leicestershire area.

“This is also great news for the local economy with the jobs that will be underpinned whilst we’re building the new homes.

“We aim to support local sub-contractors and tradesmen where possible to ensure the areas in which we build benefit directly from our developments.

“Our dedicated team at Barratt Homes are very much looking forward to helping people find the right homes for them at our well-anticipated King’s Meadow development.”

Barratt Developments – which has its historical roots in the North East – said it was on track to complete between 18,000 and 18,250 homes this year.

It said forward sales stood at £4.4 billion, up from £3.7 billion a year back and £2.8 billion a year before that.

Build cost inflation of around 6 per cent, it said, was being offset by selling prices going up around 7 per cent.

Back in February the business said its average private sales prices were £327,400 compared to the average UK house price which hit a record £276,759.

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