Govt confirms £1.3bn housing investment

Almost £1.3bn of investment in new homes and other infrastructure projects has been confirmed by Housing Secretary, Robert Jenrick.

The move is part of the Government’s plan to deliver upgrades to local infrastructure and help “fuel a green economic recovery”.

More than 300 successful projects in England are being told they will receive a share of the £900m Getting Building Fund, which was announced by Boris Johnson in June, to invest in housing and infrastructure projects.

The Government said its investment is expected to deliver 45,000 homes, create 85,000 jobs and reduce around 65 million kgs of CO2 emissions across England.

Jenrick said: “As we get Britain building we are also laying the foundations for a green economic recovery by investing in vital infrastructure for local communities, creating jobs and building environmentally-friendly homes with a huge £1.3bn investment announced today.

“This Government is determined to level up all parts of the country and this funding will not only give a much needed boost to our economic recovery, it will help build the good quality, affordable homes the country needs.”

To deliver 26,000 of the new homes while protecting greenfield sites, the Government has also confirmed a £360m investment in Mayoral Combined Authority areas through its £400m Brownfield Fund.

A further £8m of funding has been announced to help speed up the delivery of homes on brownfield sites, while the Government said it is “inviting ambitious bids” from the Mayoral Combined Authorities for the remaining £40m of the fund.

Chair of the Local Enterprise Partnership (LEP) Network, Mark Bretton, added: “As business led partnerships with a ready-made pipeline of projects, LEPs responded swiftly to the Prime Minister’s call for infrastructure projects with more available when government is ready.

“LEPs ‘can do’ business attitude has created a proven track record of complex delivery, landing projects at scale, on time and to budget.”

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