Councils have been awarded a share of £866m which the government hopes will deliver up to 200,000 new homes.
Housing and communities secretary Sajid Javid and chancellor Philip Hammond have today announced 133 council-led projects to help ensure homes on difficult sites get built quicker.
The £866m forms part of a first wave of funding from the government’s £5bn housing infrastructure fund.
However, 430 bids from local authorities worth almost £14bn were submitted to the government in total, Mr Javid confirmed in a written ministerial statement.
“This shows how much local authorities are willing to step up to fix the broken housing market, and we are committed to supporting this ambition,” he said. “Bids went through a rigorous assessment process and were assessed on the basis of their strategic approach, value for money and the ability of the projects to be delivered.
“We are putting infrastructure at the heart of housing delivery – committed to bringing communities, local authorities and the private sector together to solve this problem.”
The money for ’marginal viability fund’ projects, which comes in the form of a capital grant, will go towards paying for key local infrastructure projects including new roads, cycle paths, flood defences and land remediation work. Without the funding to pay for that infrastructure, housing schemes would struggle to get built or be delayed.
The Ministry of Housing, Communities & Local Government has produced a map with details of how much money each area has been awarded and the project it relates to. To view the map, click here.
To see a full list of how much each council has been awarded, click here. The amounts are “indicative” and subject to “final financial clarifications”, Mr Javid said.
The government has an ambition to build up to 300,000 new homes every year by the middle of the next decade.