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INDUSTRY NEWS 7


“By investing in local infrastructure, we can help unlock the building of thousands of new homes in the areas where they are needed most.”


He said the fund will “make sure we have better public services in place for local communities.” Funding for schools, healthcare centres and digital infrastructure to accommodate growing communities and relieve pressure on public services will also be available. The move is part of the rollout of the £23bn National Productivity Investment fund announced in the 2016 Autumn Statement. The wider fund targets spend- ing on areas critical to boosting productivity, including on housing, trans- port and digital communications. Exchequer secretary to the treasury, Andrew Jones commented: “Where we live plays a huge part in our lives; from the distance of our commute to the local facilities available.


£2.3bn infrastructure fund announced


£2.3bn of funding for infrastructure to support housing has been announced by Communities Secretary, Sajid Javid. The so-called Housing Infrastructure


Fund (HIF) is intended to finance the building of roads, bridges, energy networks


and other utilities, the absence of which is frequently a major setback in developments. Javid explained the reasons behind the


move: “To build the homes this country needs, we need to deliver the right infra- structure, in the right place, at the right time.


COMMUTE TO THE LOCAL FACILITIES AVAILABLE Andrew Jones, exchequer secretary to the treasury


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“By ensuring we have enough housing in areas where it is needed the most, we can boost productivity and support new communities to grow and thrive.” Local Government Association chairman Lord Porter commented that, going forward, “What’s crucial is that the arrange- ments to access this fund are flexible, especially around different housing tenures, and that all councils can access funds to deliver housing for their communities.


“Councils know their communities and the places in them best, and so it’s right that approaches to invest in local infrastructure are led by local authorities.” £2.3bn of capital grant funding will be allocated to local authorities on a competitive basis. The funding will be available from 2017-18 to 2020-21.


WHERE WE LIVE PLAYS A HUGE PART IN OUR LIVES; FROM THE DISTANCE OF OUR


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