Housebuilders can now bid for loan funding from a £624 million fund to deliver infrastructure and assemble land, the government has said.

The funding is part of £2.2bn announced in the spending review last year to support infrastructure. The funding, to be committed from 2021/22 to 2024/25 with terms of up to 20 years, is part of the £7.1bn National Home Building fund and is also available to small builders.