Property
CRT Property Investments Ltd
Recognising the needs of former mining towns and villages, we are aware of the lack of available commercial property within coalfield communities. We also appreciate that private companies that are focused on a return on investment are less inclined to want to develop property in the coalfields.
As a result, we invest in commercial space and also develop properties. This allows us to support SMEs through the provision of high quality, affordable space. During the development phase, we also encourage our contractors to employ local talent and to put in place apprenticeship schemes where possible.
As a result of this work it brings business to areas in desperate need of new jobs as we address the challenges relating to unemployment and skills.
Residential
As the housing crisis continues to hit the headlines, we have taken direct action.
We are creating additional housing in communities where we know it is needed most. For example, as a result of the Coalfields Regeneration Trust purchasing two dilapidated buildings in Goldthorpe, which had been empty for many years, we were able to secure planning for 10 new homes to provide new social housing, which will be let by our partner Bernslai Homes.
This is just one example but there will be many more as we continue to focus on the regeneration of coalfield communities throughout the country.
Asset Transfer
Working in some of the most deprived communities in the country, there are often opportunities to work with Councils and stakeholders to arrange for the transfer of assets, allowing us to create opportunities and generate community based resource and services.
As one of few organisations that has the skills, local knowledge, connections and experience to manage this process, we can take assets that are often of limited use and turn them into resources that add value and make a lasting and positive difference for local residents.
One such example is the Hub House in Horden, which became a facility that local people are able to access and rely on. As a result of the Hub House local residents explained that they felt safer and that aspirations in the community were positively influenced.
This is just one example of how we are working with partners to address the ongoing challenges in the coalfield communities and how we focus on creating spaces that can benefit residents and give them a better quality of life.
