Landmark Glenvale Park development to deliver £1.62bn in social value

Research commissioned by Northants LLP, the developers behind Glenvale Park, and leading housebuilders has revealed that the 3,000-home development is forecasted to generate £1.62bn of social value for the local community. 

With the construction process expecting to cost in the region of £800m, that means the development would deliver £2.03 of social value for every £1 spent on construction. 

The development, situated off Niort Way on the northern fringe of Wellingborough, will create nearly 900 jobs and apprenticeships during the construction process. These jobs will be in addition to those generated from the commercial elements of the masterplan which include a new business park and a new local centre. 

The Social Value Act (2012) defines social value as the social, economic and environmental wellbeing that is delivered from a particular project or service. In conjunction with accredited partners including Social Value UK, this concept has evolved over recent years and has now become a recognised benchmark within the built environment industry, enabling developers to calculate the social value generated over a period of time.

The social value calculated for Glenvale Park uses The National Themes, Outcomes and Measures (TOMs) Framework for Social Value as devised by the National Social Value Taskforce in collaboration with the Local Government Association. The findings will be continually monitored and updated to reflect the housebuilders’ long-standing commitment to the local community and ensure the benefits from the development can be maximised for all. 

Glenvale Park will deliver a community hub, two primary schools, a care home, retail space and a 25,000m² business park, which will house up to 3,000 additional jobs once constructed. 

The development will create over 200 acres of parkland, the same area as 3,200 tennis courts. There will also be over 10,000 trees planted and retained across the development.

Mark Best, Director of Northants LLP, said:

“Glenvale Park has always been about delivering more than new homes. It’s about building a new community which will benefit local people for generations to come.  

“We look forward to engaging with the Wellingborough and wider Northants community over the coming months, making sure that everyone, from residents to businesses and charities, can benefit from the social value opportunities Glenvale Park has to offer.”

Construction on the Glenvale Park development is well underway, with the first residents expected to move into their new homes in the coming weeks. The first phase of development will feature homes from Taylor Wimpey, Barratt Homes, Lagan Homes, Keepmoat and Persimmon as well as a care home from LNT.  

To find out more about Glenvale Park and to be the first to find out how you can help shape the benefits of the development, please visit: www.glenvalepark.co.uk

Download our Glenvale Park social value infographic

For further information, please contact MPC: 

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