Cash will be spent on widening bridges, building roads and connecting utilities so up to 8,500 properties can be built.

Housing Minister Kit Malthouse MP said: “We need to keep upping our game and build more, better, faster, if we are to meet our ambition to deliver 300,000 homes a year by the mid-2020s.

The funding confirmed today comes from the government’s £5.5bn Housing Infrastructure Fund so that land can be made ready for development.

The Government will invest £95m in Woking to unlock land to build up to 4,500 homes in the town. Cash will be used to widen the Victoria Arch Bridge, to pay for road improvements, buying land and connecting utilities.

The project, which is being delivered by Surrey county council, is expected to significantly reduce congestion in the area, as well as opening up land for housing.

In Truro, an extra 4,000 homes will be built as a result of a £47m investment in new road links in Truro, Cornwall.

Plan for new Northern Acess Road

The funding will be spent on a new northern access road, connecting sites from the A390 in the west to the Royal Cornwall Hospital and employment hub in the east.

The road will serve a vast swathe of planned development between Threemilestone and Treliske.

As well as thousands of new homes the land is earmarked for schools, supermarkets, shops, workspace, medical facilities and the Stadium for Cornwall.

New road will open the way for Stadium for Cornwall project