Fresh £225m pot to unblock building of 50,000 homes

Aaron Morby 11 years ago
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Government has pledged to release an extra £225m in funding to unlock a series of stalled major local housing projects.

Deputy Prime minister Nick Clegg is due to unveil the fresh cash in a speech to the National House-Building Council today.

He will also say that a new generation of garden cities and suburbs needs to be brought forward to tackle the housing crisis.

The latest funding supplements kick-start cash already released, but will be targeted at larger schemes of 4,000 – 9,500 homes.

The Government hopes the funding will unlock up to 48,600 new homes.

He will say: “We can either condemn ourselves to haphazard urban sprawl – the surest way to damage the countryside, we can cram ever more people into existing settlements, concreting over gardens and parks – and bear in mind we already build the smallest homes in Western Europe, or we can build places people want to live.”

Clegg will also confirm the Government is moving ahead with plans for a competition to create new garden city-style developments in the UK.

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