Latest stage of Port Loop scheme hits first milestone

The first properties on phase three of the Icknield Port Loop regeneration project have been handed over by developer Keon Homes.

The Staffordshire-based firm has completed a total of 30 homes on behalf of housing association Midland Heart, the first of 124 properties set to be built as part of the £36m third phase of the scheme.

The 43-acre Port Loop regeneration will eventually deliver more than 1,100 homes on a brownfield site at Icknield Port Loop, around 15 minutes’ walk from Birmingham city centre, which got under way in 2020.

Earlier phases of the scheme were delayed after House, the modular construction firm backed by Urban Splash, slipped into administration during 2022.

Matt Beckley, Partnerships Director at Keon Homes, said: “Port Loop was a real statement urban regeneration scheme for the local authority, yet hasn’t been without its challenges with two developers entering administration before they could start Phase 3.

“We came in and promised to build the 124 properties on time and to the highest standards and this first handover, ahead of schedule, reaffirms that commitment.”

“More importantly, we have delivered thirty much-needed affordable homes to individuals and families, giving them the opportunity to start new lives and form the beginning of new communities. That’s what this scheme is all about.”

Midland Heart’s development programme has now delivered 4,000 new affordable homes over the past five years, with a further 2,250 set to be built and handed over by 2030.

Joe Reeves, Deputy Chief Executive at Midland Heart, said: “Port Loop is an important regeneration project for Birmingham, and we’re delighted to see the first homes completed and handed over to tenants.

“These properties reflect our commitment to delivering sustainable, well-designed places where people can thrive. As the wider scheme progresses, we look forward to welcoming many more families into this growing neighbourhood of high-quality, affordable homes.”