Newcastle upon Tyne Improved Industrial Dwellings Company

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The Newcastle upon Tyne Improved Industrial Dwellings Company was set up by James Hall of Hall Brothers Steamship Company, Tynemouth, after visiting Sir Sydney Waterlow's establishment in London. [1] [2] A model dwelling company, it built 108 flats at Garth Heads between 1869 and 1878; the chairman, directors and shareholders were mostly prominent local businessmen. The company was wound up in 1968 and the buildings at Garth Heads are currently used for private student accommodation. [3]

Model dwellings companies (MDCs) were a group of private companies in Victorian Britain that sought to improve the housing conditions of the working classes by building new homes for them, at the same time receiving a competitive rate of return on any investment. The principle of philanthropic intention with capitalist return was given the label "five per cent philanthropy".

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References

  1. Hayward, William (1896). James Hall of Tynemouth: A Beneficent Life of a Busy Man of Business. American Libraries, Internet Archive.: Hazell, Watson and Viney, London. p. 327.
  2. "Tyne and Wear Archives Service Catalogue". www.tyneandweararchives.org.uk. Retrieved 2019-06-03.
  3. Geography, Kay's (2019-06-02). "Garth Heads". Newcastle residential areas. Retrieved 2019-06-03.