Prince Charles is set to enter the world of large-scale residential development by teaming up with housebuilder Wimpey.
His charity, the Prince's Foundation, is set to collaborate with Wimpey on a project to build 500 new homes on a 53ha site at Crewkerne, Somerset. The foundation will act as an urban design consultant and, as such, will charge commercial rates.
This latest development comes almost 10 years after the Prince created his model village, Poundbury. The foundation hopes the partnership with Wimpey - Britain's second biggest housebuilder - will be the first of many.
A spokesman said: 'Other projects are in the pipeline.
There is currently a great demand for new housing and we want to be working with the volume housebuilders.'