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Thu December 09 2021

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More state help for house-builders

18 Aug 14 Thirty-six stalled house-building projects have been shortlisted for government loans to help get them started.

The Department of Communities & Local Government has a pot of £850m to lend to schemes for infrastructure that is needed to make the schemes viable. The money will go towards building road improvements, schools and parks to support the extra homes being planned.

The 36 schemes will collectively result in more than 200,000 new homes being built across the country, according to plans. The projects will go through a final due diligence process before receiving the funding.

Sites requiring support even include three schemes in the London area. The continued development of the Greenwich Peninsula is on the list, as is Ebbsfleet Eastern Quarry.

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The funding will be available between 2015 and 2020 and will be in the form of a long term loan with interest.

The full list is:

  • continued development of the Greenwich Peninsula in southeast London, to help provide nearly 10,000 homes
  • Acton Gardens in Ealing, to help provide over 2,500 homes
  • Wood Wharf development in London, to help provide over 3,000 homes
  • Beaulieu development in Chelmsford, to help provide 3,600 homes
  • Bishop Stortford North development in East Hertfordshire, to help to provide 2,200 homes
  • redevelopment of the former Rugby Radio Station site, to help provide 6,200 homes
  • Monkton Heathfield development outside Taunton, to help provide 4,500 homes
  • DN7 initiative in Doncaster, to help provide over 3,000 new homes
  • New Lubbesthorpe development in Leicester, to provide over 4,000 homes
  • development of North Wellingborough, to help provide 3,000 new homes
  • redevelopment of Arborfield Garrison in Wokingham, to help provide 2,000 homes
  • Langarth development in Truro, to help provide 1,500 homes
  • Cheeseman’s Green development in Ashford, to help provide 1,500 homes
  • Dallington Grange development in Northampton, to help provide 3,400 homes
  • development at Lawley Village in Telford, to help provide 2,500 homes
  • Newcourt Urban Extension in Exeter, to help provide over 2,000 homes
  • East Kettering development, to help provide 5,500 homes
  • development at Hunts Grove in Gloucester, to help provide 1,750 homes
  • Barwell development at Hinckley and Bosworth, to help provide 2,500 homes
  • Branston Locks development in East Staffordshire, to help provide 2,500 homes
  • development at the Festival Gardens site in Liverpool, to help provide over 1,500 homes
  • Bath Riverside development, to help provide nearly 1,900 homes
  • Colchester North Growth Area Urban Extension, to help provide 1,600 homes
  • Weston Airfield development in North Somerset, to help provide over 2,500 homes
  • Ebbsfleet Valley, to help provide over 3,500 homes – this site forms 1 part of the larger area that the proposed Ebbsfleet Development Corporation would cover as part of the 15,000 home Ebbsfleet Garden City initiative
  • Overstone Leys development in Daventry, to help provide 2,000 homes
  • North West Bicester development, to help provide over 5,500 homes
  • Welborne development at Fareham, which will help provide 5,400 homes
  • Middle Deepdale development at Scarborough, which will help provide 2,300 homes
  • Thetford North development in Breckland, to help provide 5,000 homes
  • Lincolnshire Lakes development in Scunthorpe, to help provide 3,500 homes
  • Whitfield development in Dover, to help provide over 5,700 homes
  • Bela Priors Hall development in Corby, to help provide nearly 3,000 homes
  • Alphington development near Exeter, to help provide 1,500 homes
  • West Witney development in Oxfordshire, to help provide 1,500 homes.

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