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Bids open for £54m land release fund

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Digest: Councils can bid for a share of a new £45m government fund to support the release of land for at least 160,000 homes by the end of the decade.

Money from the land release fund can be used for land remediation work and small scale infrastructure. It has been launched by the Department for Communities & Local Government in partnership with the Cabinet Office and the One Public Estate programme run by the Local Government Association.

Housing minister Alok Sharma said: “To build the homes this country needs, we need to increase the supply of land available to build more homes, more quickly. As a major landowner, local authorities have a crucial role to play in this task.

“Through this innovative cross-government partnership, we will be able to work with councils much more effectively, helping them to meet local housing needs and transform local areas.”

In addition, One Public Estate is also making £9m available to support more councils to deliver ambitious property-focused programmes.

LGA chair Lord Porter (Con) said: “Councils are committed to building the new homes their communities need and I’m pleased to see the announcement of the local authority land release fund as part of this next funding round. It’s great to see two government programmes aligning to offer a more coherent programme to our local communities.”

Councils have the opportunity to submit a single application, applying for either or both pots of funding, to the One Public Estate programme by 3 November. The outcomes of bids will be decided in December.

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