Milton Keynes and Sheffield have been awarded funding of £1.4million to develop proposals to unlock new homes and jobs. The award was via the New Development Corporation Competition (NDCC).
Milton Keynes will receive £665,000 to help explore how a locally led development corporation can support the delivery of up to 60,000 homes by 2050 and create economic opportunities to support 50,000 to 90,000 jobs over the next 30 years.
Sheffield will receive £763,000 to explore a delivery mechanism to enhance economic opportunities in the region whilst delivering 8,000 homes and creating up to 4,000 jobs by 2040.
Housing Secretary Robert Jenrick MP said: “I’m delighted to award the latest funding from the New Development Corporation Competition to Sheffield and Milton Keynes – two areas with huge potential for economic growth. Both proposals will help deliver the new homes this country needs and create new jobs for people in the local area.”
This latest funding follows on from £2.8million awarded to Carlisle, Exeter, Tewkesbury and the Wirral to develop proposals for innovative delivery vehicles such as development corporations to deliver transformational regeneration or housing delivery.
