More funding unlocks homes across England

The government has announced a raft of new funding measures, which will unlock thousands of homes across the England, helping to tackle the housing crisis.

Housing Secretary Sajid Javid has confirmed that almost £300M in government investment has been granted to Greater Manchester, the West of England and Oxfordshire, to deliver these much needed homes.

This round of funding follows a package announced for the West Midlands earlier this month, that will see 215,000 homes delivered by 2030 to 2031, with local plans updated to deliver this by 2019 and a significant increase in the release of land for new homes.

Backing Metropolitan Mayor Andy Burnham’s plans to deliver 227,200 homes by 2035 and boost economic growth across the Northern Powerhouse, the government has awarded £68M in funding to the region. This funding will support a focus on developing brownfield land for housing and getting more homes built on small sites.

In the West of England, the target to nearly double the number of homes being delivered, will supported by £3M of funding for specialist support to help the region deliver large housing development.

While Ministers have also approved a housing deal with Oxfordshire worth £215M, that will help deliver a further 100,000 new homes for local people.

This latest announcement comes as the government has also announced that Housing Infrastructure Fund bids, from a further 44 areas for projects to help unlock more homes across country, have been shortlisted to the next stage of the competitive process.

Housing Secretary Sajid Javid said: “This government is determined to build the homes this country needs. That’s why we’re working with ambitious areas across England and backing them with investment and support.

“This new housing investment in Greater Manchester, the West of England and Oxfordshire will help build much-needed homes, giving more people the opportunity to get on the property ladder.

“We’re also investing in local infrastructure like schools, roads and hospitals, so that we can help unlock even more new homes in the areas where they’re needed most and build a Britain fit for the future.”

If you would like to read more articles like this then please click here.

The post More funding unlocks homes across England appeared first on UK Construction Online.