With Sheffield City Council also selecting the developers, these firms will work together in a joint venture to deliver circa 750 new homes on brownfield land at Furnace Hill.

These homes will be equally divided up for affordable ownership, home ownership and BTR.

Elsewhere, in the Neepsend area, igloo Regeneration will deliver circa 430 new homes. One fifth of these will be affordable with a tenth for later living.

Together the two neighbourhoods cover five hectares, equivalent to seven football pitches, of brownfield land in the Yorkshire city.

The project has been backed by nearly £70m of government funding, announced in February 2024, to support land assembly and infrastructure provision.

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“Collaboration between local, regional and national teams matters,” said Amy Rees, CEO at Homes England.

“Together we can boost communities with new homes and thriving places that people want and need.

“Homes England will continue to use our expertise and resources in this way, working tirelessly alongside mayors, local leaders and partners, to help deliver for people in this city and in hundreds of other places across England.

John Moffat, joint managing director at Capital&Centric, added: “[This is] our fourth major project in the city.

“It highlights the strength of our partnership with Homes England, who we’re also working with on the £860m Impact & Places Partnership together with Swiss Life Asset Managers.

“By aligning public and private investment, we can unlock complex brownfield sites and create the neighbourhoods cities need.”