The Chancellor today announced more than £250 million funding for
vital infrastructure that will unlock over 20,000 homes nationwide.
This investment, from the Housing Infrastructure Fund, will pay
for roads, schools, public transport and utilities in seven
places across the Midlands, the East of England and South East.
This money will ensure new homes can be built in areas of high
demand where people want to live, connecting businesses with
their workforce – boosting jobs, growth and living standards.
The Chancellor of the Exchequer, said:
When I was Housing Secretary I set this fund up to help ensure
homes can be built in areas that need it the most, and enable
people to live where they want.
I have now launched an infrastructure revolution and this
step-change in funding will ensure that all parts of the
country benefit as we level-up opportunities.
This £250m will increase the number of houses available to buy
and help support people to achieve their dream of home
ownership.
The Government is committed to levelling-up communities across
the country so that all areas benefit from investment and growth.
Ministers are investing record amounts in roads, rail, housing
and broadband to ensure Britain has the modern infrastructure
needed to thrive, and allow local economies to flourish via a
National Infrastructure Strategy.
Housing Secretary Rt Hon said:
This government is committed to buildings the houses this
country needs, so that more people can realise the dream of
owning their own home.
This [£250m] funding will ensure that communities have the
right infrastructure to enable new homes to be built, such as
road and transport improvements.
- Breakdown of funding being announced today:
|
Project
|
Funding
|
Number of homes that it unlocks
|
|
‘Slyfield Area Regeneration Project’ bid from Surrey County
Council to support the reallocation of a water treatment
facility
|
£52.3m
|
1,500 homes
|
|
‘East of Ipswich Strategic Highway Works’ bid from Suffolk
County Council to deliver transport infrastructure
|
£19.8m
|
2,000 homes
|
|
‘St George’s Barracks’ bid from Rutland County Council to
deliver a new school and infrastructure
|
£29.4m
|
2,245 homes
|
|
‘A40 Smart Corridor’ bid from Oxfordshire County Council
|
£102m
|
5,050 homes
|
|
‘Swale Transport Infrastructure’ bid from Kent County
Council to deliver road improvements to two junctions of
the A249
|
£38.1m
|
7,899 homes
|
|
‘Melton Mowbray Southern Distributor Road’ bid from
Leicestershire County Council
|
£14.7m
|
2,340 homes
|
-
The government has announced record investment in
infrastructure, including committing £75m to continue to
develop plans for Northern Powerhouse Rail and pledging to
fund the Leeds-Manchester route as the first phase
-
The government has also committed £28.8bn to a National Roads
Fund to ensure that roads are maintained to the highest
standard
-
We have also reached in-principle agreement on the Shared
Rural Network to radically improve mobile coverage, and
committed £5bn to delivering gigabit-capable broadband to
ensure nowhere is left behind.
The government has committed, at Autumn Budget 2017, to increase
housing supply by the end of this Parliament to its highest level
since 1970, on track to reach 300,000 homes a year, on average,
by the mid-2020s. Over 222,000 additional homes were delivered in
2017/18 – the highest level in all but one of the last 31 years,
and a 53% increase since 2009/10
