Government signs off £250m for major housing projects

Aaron Morby 1 year ago
Share

The Government has signed off nearly £250m of funding to clear the way for construction of almost 25,000 more homes.

As part of the big funding package, the government will invest £157m in critical infrastructure for big schemes in Devon and Cumbria.

The housing infrastructure fund loans will pay for a new motorway link road between south Carlisle and the M6, unlocking up to 10,000 new homes at St Cuthbert’s Garden Village.

In Devon, £55m will be spent on road improvements and other infrastructure so that 2,500 homes can be built to the south west of Exeter.

In a separate move, Homes England has struck a deal with the Ministry of Defence to build over 10,000 homes at seven military bases across the country.

Homes England and MOD partnership agreement schemes

  • Claro and Deverell Barracks in Ripon, North Yorkshire
  • RAF Henlow in Bedfordshire
  • MOD Site 4 in Stafford
  • MDPGA Wethersfield in Braintree, Essex
  • Swynnerton Training Camp in Stone, Staffordshire
  • Prince William of Gloucester Barracks in Grantham, Lincolnshire
  • Chetwynd Barracks in Chilwell, Nottinghamshire

In a separate funding deal for London, more than 1,500 new homes will be built at the Queen Elizabeth Olympic Park thanks to a £78m Home Building Fund loan to developers.

It is anticipated that the first phase of the Balfour Beatty and Places for People joint venture development will be completed in summer 2021, with work at East Wick and Sweetwater being fully completed by 2028.

Work has already begun on phase one of the site, which will include 130 new affordable homes and 105 for private rental, as well as more than 33,000 square feet of business and creative space.

Andrew Atkins, Development Director, East Wick and Sweetwater, said: “The start of the first phase of construction works for East Wick and Sweetwater is a big moment for Queen Elizabeth Olympic Park and the people of east London.

The government has also signed off the first scheme to receive cash from its £450m Accelerated Construction Programme.

£10.6m will be released to build 650 new homes on three sites in Welwyn Garden City and Hatfield, Hertfordshire, using modern methods of construction.

Work is due to start on the first site in Hatfield town centre in June.

Communities Secretary James Brokenshire said: “We delivered 222,000 homes last year which is the highest number in a decade, but we must keep upping our game.

“We are invoking the spirit of Britain’s post-war push to build as we strive to hit our target of 300,000 new homes a year by the mid-2020s, for the first time since the days of Harold Macmillan.

“By investing in infrastructure, freeing up public sector land and offering targeted loans we are making the housing market work.

“These deals struck today will help us build almost 25,000 more homes – which is another symbolic step towards our homebuilding targets.”

Latest news

Skanska rail and highways maintenance for sale

Hunt starts for buyer for infrastructure services business
4 hours ago

Styles & Wood to call in administrators

Owner calls in administrators two years after stumping up £45m for fit-out firm
23 hours ago

Moda plans second Birmingham resi tower

Great Charles Street in Jewellery Quarter will consist of 722 homes for rent
4 hours ago

Morgan Sindall chief cashes in £4.1m of shares

John Morgan raises over £8m in share disposals over four months
12 hours ago

Elliot Group hopes to hand over stalled towers to new developer

Stricken schemes bid to avoid going into administration
14 hours ago

Heathrow third runway grounded by appeal court

Heathrow Airport Ltd vows to take expansion case to the Supreme Court
1 day ago

Teenage worker falls through skylight

Contractor continued with unsafe working practices after accident
5 hours ago

Kier seals £150m Lancashire road deal

A585 Windy Harbour to Skippool scheme to start this spring
22 hours ago

Crossrail staff sent home amid coronavirus fears

Staff at Canary Wharf office told to work from home
1 day ago

Vistry plans 100 job cuts in post-merger streamlining

Enlarged group moves to renegotiate supply chain contracts
1 day ago

Health chiefs issue details of £73m Multiplex hospital claim

Eleven technical problems highlighted at Glasgow’s Queen Elizabeth University campus
2 days ago

Winners unveiled for £400m Essex framework

Council boosts numbers to minimise impact of possible contractor failures
2 days ago

Grenfell Tower Inquiry witnesses granted immunity

Oral evidence can still be used against firms in any future prosecution
1 day ago

Persimmon spends £213m on improving build quality

Group Construction Champion appointed to boost standards
1 day ago

Private equity firm pumps cash into offsite specialist McAvoy

Turnaround specialist Blantyre Capital takes seat on the board
1 day ago

GMI nets £95m haul of orders in first two months

Six projects secured in the North and Midlands, total close to 1m sq ft
2 days ago

Balfour Beatty wins £10m radium clear-up job

Radium from scrapped second world war aircraft being washed up at Dalgety Bay
2 days ago

Construction firms OK with price-fixing and bid rigging

Competition and Markets Authority survey shows problems ingrained in industry
2 days ago

Unite reveals £20m cost of replacing HPL cladding

High pressure laminate cladding found on 16 buildings after ACM cladding refit completed
2 days ago

£1bn London Bankside Yards phase 2 approved

Major second phase of five buildings clears planning
2 days ago

Graham to start £40m new M11 Harlow junction

Work to start on delayed 7a junction this spring
2 days ago

Steel and cladding packages awarded at Paddington Square

Wins for William Hare and Focchi as Mace agrees £350m price to complete project
3 days ago

Willmott Dixon on call for £21m fire station

Planning to go in this spring for new training complex in West Sussex
3 days ago

Costain to offer clients low-carbon option in bids

Decarbonising option to be pitched to all clients from 2023
3 days ago

Derwent advances zero carbon building target by 20 years

New business model will involve turning brown buildings green
3 days ago

New watchdog to clamp down on shoddy building work

Independent Ombudsman given wide-ranging powers to protect homebuyers
3 days ago

Insurer warns hot work fire claims have spiked

Call for thermal imaging cameras to be used on site to combat rise in hot work fires
3 days ago

Construction nearly double size of official figures

Industry's real vital statistics put it above manufacturing
4 days ago

Spie fined after child killed by overhead power pole

Court hears how pole rolled down embankment and crushed 12-year-old
4 days ago

Eye-catching Newcastle office plan

Ribbon-like office scheme will be built near the Gateshead Millennium Bridge
4 days ago

Contractor services