Government unveils £300m housing package for UK regions

The Government has unveiled a £300m investment package to support the development of homes in Greater Manchester, the west of England and Oxfordshire.

Greater Manchester is set to receive £68m funding to support the delivery of 227,200 homes by 2035. This includes £50m for a Land Fund to help councils in the region to prepare brownfield land for housing development.

Ministers have also approved a housing deal with Oxfordshire worth £215m that will help deliver a further 100,000 new homes. This figure includes £150m to build bridges, roundabouts and roads, and £60m for more than 1,300 affordable homes.

The west of England – covering Bristol, Bath and North East Somerset, South Gloucestershire and North Somerset – will also receive £3m of funding for specialist support to help the region deliver large housing development and increase the number of homes built each year from around 4,000 homes to 7,500.

Local authorities for the region must keep the Government updated on the progress of developments as part of the deal and meet key milestones to keep the funding going.

Sajid Javid, housing secretary, said: “This Government is determined to build the homes this country needs. That’s why we’re working with ambitious areas across England and backing them with investment and support.

“This new housing investment in Greater Manchester, the west of England and Oxfordshire will help build much-needed homes, giving more people the opportunity to get on the property ladder.

“We’re also investing in local infrastructure like schools, roads and hospitals, so that we can help unlock even more new homes in the areas where they’re needed most and build a Britain fit for the future.”

sprift end of

Email the story to a friend

Leave a reply

If you want to create a user account so you can log in, click here

More top news stories

Is down-valuing for mortgage lending purposes about to hit the housing market recovery?

Continue Reading ...

Thank you for signing up to our newsletter, we have sent you an email asking you to confirm your subscription. Additionally if you would like to create a free EYE account which allows you to comment on news stories and manage your email subscriptions please enter a password below.