£18m fund to speed-up housebuilding

£18m fund to speed-up housebuilding

A new £18 million fund to speed up house building on large sites and that will provide thousands of new homes has been announced by Government.

The money is available to councils who can bid for a share of the ‘capacity fund’ to tackle planning issues that can cause delay and prevent builders from getting on site and starting work quickly. It is hoped that it will help accelerate delivery of up to 800,000 homes and infrastructure across large sites in England.

Housing Minister, Gavin Barwell said: “We want to turbo-charge house building on large sites to get the homes built in the places people want to live, so that this country works for everyone, not just the privileged few. These sites offer enormous potential to transform brownfield land into new homes and our £18 million funding will help get them built much sooner.”

Nicholas Harris, Chief Executive Designate, Stonewater said: “We are encouraged by Housing Minister Gavin Barwell’s announcement today of an £18 million ‘capacity fund’ to help local authorities tackle planning issues that hold up urgently needed homes from being built on public land. There is a real opportunity here for councils and housing associations to work together to ensure that these developments provide the right mix of affordable homes to meet local needs.”

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