Case study: Woodcroft development contributions to the city of Edinburgh
People are being priced out of the market in the city, and finding it more difficult to access home ownership. The Woodcroft development will contribute to alleviating the housing supply shortage with the delivery of 81 new homes and Telereal Trillium, as part of the Woodcroft development scheme, has committed to making financial contributions to the City of Edinburgh Council to help further tackle the affordable housing shortage.
To date, Telereal Trillium, along with its joint venture partner Queensbury Property Limited (QPL), have contributed £300k to help fund the building of affordable housing for either sale or rent at below market rates. A further £200k will be provided, to make a total contribution of £500k.
Alongside the pressures on housing, the demand for schools in Edinburgh continues to increase.
To help reduce classroom overcrowding, Telereal Trillium and QPL will contribute a total of nearly £190k to the education budget, which will be used to expand the accommodation at Bruntsfield Primary School and Boroughmuir High School.
The companies have also contributed £65k for the construction of a "Puffin" crossing to help children cross the busy road outside St Peter’s Primary school, as well as provided a donation to the Sciennes Primary School in Edinburgh, to allow the school to add a Bubble Tube to its new sensory room.
"The aim of the bubble room was to create a relaxing atmosphere in which to improve the mental health, not only for all of our pupils but for staff as well. The donation from Telereal Trillium and Queensberry Properties enabled us to buy a Bubble Tube which is the main feature in the sensory room." - Carolyn Anstruther, Deputy Head Teacher, Sciennes Primary School