Welland Homes is a housing company wholly owned by South Holland District Council (SHDC). SHDC is the shareholder. The company has six directors who are also SHDC councillors. They are legally responsible for running the company.
The company was incorporated in 2015 and currently has 53 high quality market rental homes in its ownership in Spalding, Long Sutton, Crowland and Holbeach.
The company was established with the following principal objectives:
- To increase housing supply in the area to address existing demand and meet the needs of a growing population, and help boost growth in the local economy;
- To act as a stimulus for change to improve the quality of rented sector accommodation across the district;
- To set standards for good housing design in the local housing market, helping to protect the character of the district, and;
- To generate general fund income for the Council through returns from Private Rented Sector housing and sales receipts from market housing sales and affordable homes.
Whilst the Company's principle objectives relate to the provision of much needed, good quality housing, an additional objective is to provide a financial benefit to the council and the District. During 2021, Welland Homes paid £111,000 to two charities in the district who are supporting residents of South Holland, with £115,000 donated in 2022 and a further £114,960 in 2023..
The company doesn't have any employees and therefore the homes are currently managed by a local lettings company called Ark Property Centre. If you are interested in renting one of the homes, please contact Ark Property Centre by telephone 01775 766888 or email email@example.com.
The company has an ambition to continue to grow and is actively seeking investment opportunities to achieve this through development of land and acquisition of homes.
Welland Homes works with local building companies, property developers and other organisations to acquire, develop and build high-quality homes for market rent. If you are interested in partnering with, or delivering homes for Welland Homes, please contact firstname.lastname@example.org.
The company's registered address is: Albion House, 32 Pinchbeck Road, Spalding, Lincolnshire, United Kingdom, PE11 1QD.