UK Construction Media

£18M fund to speed up housebuilding

News   •   Nov 11, 2016 15:03 GMT

A new £18M fund to accelerate housebuilding has been announced, which will provide thousands of new homes.

Housing Minister, Gavin Barwell, has announced a new £18M fund to speed up house building on large sites, which will provide thousands of new homes where people want to live.

The capacity fund aims to tackle planning issues that can cause delays and prevent builders from getting access to the site and starting work quickly.

Councils can now bid for a share of the fund, which will help accelerate delivery of up to 800,000 homes and infrastructure across large sites in England. Capacity funding prevents long-term pauses on large-scale developments and provides local authorities with the capacity to take projects forward and obtain additional resources and expertise.

The fund is part of a wider package of measures to increase the number of homes that are desperately needed in local areas. Additional measures include creating six new Housing Zones that will support development on brownfield land to provide 10,000 homes, and government support and funding for a new locally-led Garden Town at Otterpool Park Shepway in Kent, which will deliver up to 12,000 new homes.

Housing Minister, Gavin Barwell said: “We want to turbo-charge house building on large sites to get the homes built in the places people want to live, so that this country works for everyone, not just the privileged few.

“These sites offer enormous potential to transform brownfield land into new homes and our £18 million funding will help get them built much sooner.

“Furthermore, we are getting behind plans for a new Garden Town which offers a unique opportunity to boost the local economy, jobs and provide new homes in Shepway, Kent.”

There are now more than 26 Housing Zones across the country which will help deliver 44,000 homes, with an additional 31 designated within London.

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