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Planning permission was granted in November for the new 5,500-home Sherford community, on a 1200-acre site five miles to the east of Plymouth city centre.
Sherford will now be constructed by Red Tree, the project founder, and a consortium of developers including Taylor Wimpey, Linden Homes and Bovis Homes. Ownership of the land has been transferred to the consortium.
The project has been supported with £32m from the Homes & Communities Agency for key infrastructure.
The consortium of developers will be working on the details of the project with local planning authorities over the coming months. The aim is to start construction work later this year.
Sherford has been designed as a traditional Devon market town, with a high street and market square and three neighbourhood centres. According to plans, it will have three primary schools and a secondary school, as well as a range of shops and businesses, a community park, a library, a youth centre, a health centre, a children’s centre and a place of worship. A sports centre will include a swimming pool and playing fields.
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