Legal & General Homes start of construction
Legal & General Homes (Legal & General) announces that it is the first housebuilder in the UK to embed the principle of social value into its business as it starts to build new homes at Buckler’s Park in Crowthorne, forming part of its wider approach to addressing the UK’s housing shortage.
In partnership with the Social Value Portal, Legal & General has started to look at how much social value it can create for the community at Buckler’s Park, its new 250-acre development site in Berkshire. The scheme will create new homes as well as a primary school, care home, community facility and 130-acres of public open space and nature reserve which will be open for the public to enjoy.
As part of this approach, Legal & General has created a Social Value Charter, the first of its kind for the UK, to start to monitor and communicate how much value its developments produce to the benefit of the local community, ensuring that a resilient, first rate and sustainable community is created. The Social Value Charter has allowed Legal & General to narrow down the challenges and opportunities that the community might face in Crowthorne and how Legal & General’s activities could help. An example that was identified was a need to improve community life by refurbishing the youth centre and coordinating volunteer programmes.