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Ebbsfleet Garden City will not be hit by the impact of Britain’s decision to leave the European Union.
That’s the message from bosses at Ebbsfleet Development Corporation after the shock Brexit result sparked fears of economic turmoil across the country.
The corporation’s interim chief executive, Paul Spooner, said house builders remained committed to the development, which is aiming to deliver 15,000 new homes in north Kent.
“I was delighted to hear from our partners that it is business as usual in the Garden City and they are all still on course with their plans,” he said.
“There is a real confidence here that there will be 600 new homes started in the Garden City in the next year and that 300 of those will be completed.
“Like us, house builders have full confidence that the real growth that has now started in the Garden City will continue.
“Demand for housing is not going to change and Ebbsfleet remains in a very strong position as a good location for investors.” Paul Spooner.
“Demand for housing is not going to change and Ebbsfleet remains in a very strong position as a good location for investors.”
Mr Spooner met with land owners and those building in the Garden City in the wake of the Leave vote, where Circle Housing confirmed their intention to start building 125 homes at Castle Hill on Monday.
Countryside is continuing to make progress on the first of 123 homes at Springhead Park, which are expected to be completed in early 2017.
Redrow is working on 180 homes at Ebbsfleet Green and two show homes are nearing completion. Redrow is also expected to submit plans for a new pub and hotel at Ebbsfleet Green in the coming weeks.
All three developers said they were confident that the referendum result has not dented interest from home buyers in the south east.
Chancellor George Osborne pledged £310 million to deliver Ebbsfleet Garden City as part of his autumn statement, but warned this week that Brexit would result in spending cuts.