6 industry news
£18m fund announced to help councils accelerate housebuilding
A
new £18m fund to speed up housebuilding has been announced by Housing Minister Gavin Barwell, set to
provide thousands of new homes. Councils can now bid for a share of the
‘capacity fund’, aimed at tackling planning issues that can cause delay and prevent builders from getting on site and starting work quickly. Additional measures announced by Barwell
include creating six new Housing Zones to support development on brownfield land and provide 10,000 homes, and government funding for a new locally-led Garden Town at Otterpool Park, Kent, which will deliver up to 12,000 new homes. Barwell commented on his announcements:
“We want to turbo-charge housebuilding 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 the new funding will help get them built
much sooner. Furthermore, we are getting behind plans for a new Garden Town which offers a unique opportunity to boost the local economy, jobs, and provide new homes.” Capacity funding will primarily be aimed at
large sites of 1,500 units or more and Housing Zones. Developers will also be able to apply for funding from the Home Building Fund, which is making £3bn available to brownfield housebuilders.
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