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The Chancellor Announces Over GBP 600 Million Boost for UK Housing

Infra News - Published on Tue, 20 Aug 2019

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The Chancellor announces over GBP 600 million of new investment to build up to 50,000 new homes in high demand areas in England. Up to 50,000 new homes in high demand areas will be delivered through over GBP 600 million of new investment for housing in England. The funding will be made available through the Housing Infrastructure Fund, originally launched by Mr Javid when he was Secretary of State for Communities and Local Government. Since it was launched, GBP 1.3 billion has been allocated to deliver up to 76,500 homes.

Chancellor Sajid Javid announces over £600 million to support the building of 50,000 new homes
Fund will ensure necessary infrastructure is in place to unlock housing
Move follows Chancellor’s commitment to a step change in infrastructure investment with National Infrastructure Strategy this Autumn

The announcement builds on this, and the GBP 600 million will help deliver five new projects in London, Central Bedfordshire and Essex – all areas of high demand for new housing.

Chancellor of the Exchequer Rt Hon Sajid Javid MP said that I want to see more homes built in the places people want to live, so more people realise the dream of homeownership. But we need the roads, rail links, and schools to support the families living in those homes, which is why I set up a fund to put in place the infrastructure to unlock new homes in these areas.

And today I’m announcing hundreds of millions in new investment, helping more people get on the property ladder and allowing more communities to flourish.

Housing Secretary Rt Hon Robert Jenrick MP said that I am determined to help people make the dream of home ownership a reality and this investment of over half a billion will unlock thousands of new homes by providing essential infrastructure.

To build more, we need to provide the infrastructure and public services to match. This package will support existing communities and ensure they receive the roads and schools to sustain the homes being built.

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Posted By : Mohan Sharma on Tue, 20 Aug 2019
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