Local authorities in Hampshire are starting the tender process for the first 3,400 homes of 8,000 planned for a 843-hectare residential site that will boost economic growth and create new construction jobs.

Basingstoke & Deane Borough Council and Hampshire County Council have issued a prior information notice (PIN) for the first 3,400 homes on the Manydown development.

The site could ultimately see the delivery of 8,000 homes over two local plan periods. The PIN outlines the first phase of the project of approximately 3,400 homes.

The authorities are inviting developers and investors to attend an event on 13 June to find out more. The OJEU notice will be served in July 2016.

Manydown project director Richard Bayley said: “Manydown offers one of the best residential development opportunities in England. We are looking for an organisation or a consortium of developers and investors who have a solid track record in placemaking and infrastructure to deliver this large-scale residential project.”

“Our plan is to enable the selected partner to facilitate the delivery of the first phase of 3,400 homes, but they will also be encouraged to fulfil the longer-term opportunity of the project which could comprise further development phases. The whole of the project could ultimately deliver 8,000 homes.”

Interested developers and investors will have the chance to discuss the project with the Manydown team at a partner engagement event on Monday 13 June to find out more about the opportunity. The OJEU notice will be served in July 2016.