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Luxury Horizon flat development halted

THE future of a big housing development in Sheldon is in doubt after the collapse of a Birmingham developer.

THE future of a big housing development in Sheldon is in doubt after the collapse of a Birmingham developer.

Building firms are owed more than £2 million after Bank of Scotland pulled the plug on the luxury 140-flat Horizon scheme in New Coventry Road.

A Welsh company which is £310,000 out of pocket has been forced to axe 20 skilled workers at its timber manaufacturing plant and call in the liquidators.

Timber Developments said it was told in a text message by the developer, White Fire, not to bother coming back on site.

Now Welsh MP Adam Price and Andrew Mitchell, MP for Sutton Coldfield, have written to bank chiefs asking them to justify the decision to suddenly stop funding for the project.

Mr Mitchell’s constituency includes at least one firm hit by White Fire going into administration.

 

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