Homes for Heroes 2020, Leicester

Impact data and claims within this report are provided by the project creator and have not been independently verified by Spacehive.

Homes for Heroes 2020, Leicester

Little Ships Housing CIC By Little Ships Housing CIC

We will build homes for The Heroes of 2020 on underused publicly owned land in our towns and cities. "The Heroes of 2020" are key workers who helped fight COVID and people in housing crisis.

Leicester Idea stage

This project is preparing for fundraising. Click Like to show your support, or Follow for updates on this project's journey.

We've identified gaps and spaces on publicly owned land for new homes for key workers and people in housing crisis. These opportunities are small (average size of just 10 homes), but there are many thousands of them, enough to make a big impact on the housing crisis. We will acquire the land for the local community using existing legislation if necessary. With a reputable Housing Association, we will organise and group these homes into secure financial products that will be attractive to big investors (including public sector pension schemes). Our pilot projects start in Brighton and Hove, Camden and Leicester where we will build affordable homes for key workers and people in housing crisis. After we've succeeded with our pilot projects, we will do more and encourage others to do the same across the UK and help end the housing crisis. For more information search for "Little Ships Homes" or see our website: https://www.little-ships.org/

What we'll deliver:

  • We will build homes for key workers in Leicester
  • We will then expand the idea to other towns and cities in the UK

Why it's a great idea:

We will provide affordable homes for key workers and people in housing crisis on underused publicly owned land in our towns and cities. Sustainability: Building new homes in our towns and cities (where lots of people want to live anyway) reduces the loss of our countryside and our reliance on cars. Small is good: Little Ships sites are an average of just 10 homes each. This allows a town/city to spread the burden of population growth more evenly, avoiding hotspots. It’s also lower risk. Boosting your local economy. Our many small projects will provide a boost to Small and Medium Enterprises (SME's), unlike large blocks of city-centre flats or fields of housing which are the preserve of large companies. Public Sector benefits: Key workers get to live near their workplace. We can also generate income for the public sector land "owner". General Public: Taking control of their own land for the benefit of the community.

Steps to get it done:

  • We will get public bodies to put their under-used land up for sale
  • We will raise the finance (from the investment market) to buy the land
  • We will get planning permission for the new homes
  • We will raise the finance (from the investment market) to build new homes on the land
  • We will make an agreement with a Housing Association to run the homes

Little Ships is a social enterprise property development company. Like any other business, we will make surplus money when we succeed. The difference between us and other "not-for-profit developers" (i.e. Housing Associations) is that we are highly entrepreneurial and innovative in finance, planning, and design. The difference between us and "for-profit developers" is that we will invest our surplus in doing more projects and/or increasing the proportion of affordable units.

Gallery

Location Leicester

About the space

Leicester

Council

Leicester City Council

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How will the money be spent?Total £2

Build costs. Awaiting Quotes - £1 (45%)
Consultants fees. Awaiting Quotes - £1 (45%)
Other - £0 (10%)

Costs Breakdown

This shows how money raised for the project will be spent. Before entering fundraising these costs will be confirmed by the project's Delivery Manager and verified by the verifier.

45%
Build costs. Awaiting Quotes
£1
45%
Consultants fees. Awaiting Quotes
£1
10%
Other Read More
£0
  • Spacehive fees
    £0
  • Transaction Fees
    £0
  • VAT
    £0

Overfunding

This project is enabled for overfunding. If the project hits its funding goal before the end of the campaign period, any extra funds raised will be spent (in order of priority) on:

  • Buy more under-used publicly owned land
  • Build more homes

Total £2

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