Includes £69.6 million for Central Bedfordshire
Chancellor of the Exchequer Rt Hon Sajid Javid MP claimed today (Saturday 17 August 2019) that up to 50,000 new homes in high demand areas will be delivered through over £600 million of new investment for housing in England.
The funding is to be made available via the Housing Infrastructure Fund (HIF). This was launched by Mr Javid when he was Secretary of State for Communities and Local Government.
The £600 million will help deliver five new projects in London, Central Bedfordshire and Essex.
Rt Hon Sajid Javid MP said:
“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.”
The £69.6 million allocated to Central Bedfordshire is for the ‘Transformational Growth in Biggleswade’ bid from Central Bedfordshire. This aims to deliver a new secondary school and transport infrastructure to unlock up to 3,000 homes.
Housing Secretary Rt Hon Robert Jenrick MP said:
“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.”
The HIF is designed to support local authorities that want to step up their plans to increase the overall housing supply, make more land available for housing, and deliver new physical infrastructure that supports new and existing communities.