Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

First wave of winners for share of £5bn housing fund announced

  • Comment

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.

 

 

  • Comment

Related files

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions.

Links may be included in your comments but HTML is not permitted.