Key Benefits

Our site at Mill Lane has the potential to deliver a number of key benefits for the local area and Reading as a whole. By providing a new community of high-quality rental housing, we will help to address the need for new homes affecting Reading and the wider region. In addition, by forming long term partnerships with local stakeholders and the community, we can establish the Mill Lane development as a good neighbour for years to come.

Redevelopment of an under-used sustainable town centre site providing much-needed housing in Reading

Over 200 new rental homes for Reading, owned and managed by the John Lewis Partnership

Proportion of affordable homes dedicated for local key workers

Creation of a low carbon development

Improved links around the site to enhance accessibility and safety for pedestrians and cyclists

New public and private landscaped spaces with increased tree planting and accessible play areas

Estimated £520,000 (net additional) towards council tax each year

Long term community involvement as part of the Cultural and Social Value Strategy

Over £1.9m million of new household spend generated per year, supporting local goods and services

Over 130 full time construction jobs created per year, with training and apprenticeship opportunities

Biodiversity Net Gain of a minimum of 10%

Over £3m of financial contributions for the benefit of local people through Section 106 and Community Infrastructure Levy payments