Gateshead Council has agreed to form a joint venture partnership with Evolution Gateshead, a consortium of Home Group and Galliford Try, to build around 2,400 new homes in Gateshead. <br> <br> The 19 sites – which are already in Council ownership or are in the process of being acquired and include both greenfield and brownfield sites – will be developed over a period of 15 to 20 years by a joint venture vehicle (jvv), which is a formal partnership between Gateshead Council and Evolution Gateshead. <br> <br> Creating a joint venture partnership means that both sides will be able to share the risks - and the rewards – of any major housing development, and reduces the Council’s reliance on central government funding. <br> <br> In addition, the partnership will allow a whole package of sites to be developed, including important regeneration sites which will greatly improve the choice of homes available to people wanting to live in Gateshead. <br> <br>