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Sat June 19 2021

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Government support for 14 housing sites

5 Jun 13 The government has agreed financial support for construction of up to 38,000 new homes across 14 sites.

Housing minister Mark Prisk said that the projects would now proceed to a competitive clarification and due diligence process, to receive a share of the Local Infrastructure Fund, which has a total budget of £474m.

The funding programme for planned, large-scale sites, administered by the Homes & Communities Agency, is being targeted at schemes of over 1,500 homes that are struggling to move forward.

Mr Prisk said: “This government is determined to get Britain building again. That’s why we are working with local housing schemes that have their plans in place, but need help to move forward.

“Our support through the Local Infrastructure Fund will help deliver the homes this country needs, create thousands of jobs and inject millions of pounds of investment into local economies.”

Sites being supported are at locations that include Sherford near Plymouth, Cranbrook near Exeter, Fairfield near Milton Keynes and Wokingham.

The Homes and Communities Agency will now commence due diligence with the shortlisted bidders as soon as possible. This process will determine the final investment, the numbers of homes at each site supported through the funding and terms of any investment made.

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