Shares of British home builder Taylor Wimpey today surged 3.2% after the firm got approval for its news housing development project in North Yorkshire.
The project is located in Langthorpe, Boroughbridge and will have 63 homes with 40% of the homes being classified as affordable housing in line with government guidelines.
The developer also committed to allocate over £50,000 to the creation of open spaces, £25,000 to developing cycling and pedestrian spaces with an extra £100,000 being set aside for the local Village Hall.
Sarah Armstrong, land and planning director at Taylor Wimpey North Yorkshire, said:
“The development will provide much-needed homes, including affordable housing, and investment for the local community. In addition to this, we will also ensure that this latest development positively contributes to the local community by providing it with high-quality facilities and transport infrastructure.”
Taylor Wimpey share price