A South West housing provider is planning to invest £2billion in the region over the next decade, including building 16,000 homes.
LiveWest owns more than 36,000 homes across the West of England and says its investment plans will sustain 7,000 jobs in the building and supply chain.
In the last financial year the company reported an £81million operating surplus - a £12million increase on the year before.
It invested £115million in new homes, including 900 affordable ones for rent and and 147 homes that were sold on the open market.
The organisation has built 218 homes in Somerset this year and is planning another 350 in Bristol.
The Bristol development, which is being built by Keepmoat Homes, will see land owned by Bristol City Council turned into a community of two, three and four-bedroom homes and one and two-bedroom apartments.
Some 30 per cent of the homes will be affordable, with 80 homes for affordable rent and 25 for shared ownership. The remaining 245 homes will be made available through open market sale.
LiveWest is also planning an additional 1,000 new homes by 2024 after receiving a grant from Homes England.
Most Read
LiveWest chief executive Paul Crawford said: “We have made great progress over the past year and are in good shape for the future.
“This gives us the perfect springboard to continue with our ambitious growth strategy. The operating surplus we have recorded is already being reinvested into building much-needed homes across the region.
“The highlights of our year have included improvements in customer services, increased development of new homes and a strong financial performance which underpins our ambitious plans.”
LiveWest says it has spent £59million this year maintaining and improving the homes it manages. It has also invested £2.2million in a range of community investment activities.
LiveWest is the one of the region’s largest employers with 1,337 staff and 23 apprentices.