Housing Infrastructure Fund cash goes to six schemes
The government has announced more than £250m funding for infrastructure that will unlock over 20,000 homes nationwide.
This investment, which comes from the Housing Infrastructure Fund, will pay for roads, schools, public transport and utilities in six places across the Midlands, the east of England and South-east.
A project to improve the A40 corridor in Oxfordshire is the most expensive scheme on the funding list, being handed £102m. It is set to unlock up to 5,050 homes.
A bid from Kent County Council to deliver road improvements to two junctions of the A249 was given is set to make it possible to build the largest amount of homes.
The project, which will receive £38m of funding, is set to open up land for 7,899 homes.
Each of the six schemes will make it possible to build at least 1,500 homes.
Chancellor Sajid Javid said the £250m would increase the number of houses available to buy across the country.
| Project | Funding | Number of homes that it unlocks |
|---|---|---|
| ‘Slyfield Area Regeneration Project’ bid from Surrey County Council to support the reallocation of a water treatment facility | £52.3m | 1,500 homes |
| ‘East of Ipswich Strategic Highway Works’ bid from Suffolk County Council to deliver transport infrastructure | £19.8m | 2,000 homes |
| ‘St George’s Barracks’ bid from Rutland County Council to deliver a new school and infrastructure | £29.4m | 2,245 homes |
| ‘A40 Smart Corridor’ bid from Oxfordshire County Council | £102m | 5,050 homes |
| ‘Swale Transport Infrastructure’ bid from Kent County Council to deliver road improvements to two junctions of the A249 | £38.1m | 7,899 homes |
| ‘Melton Mowbray Southern Distributor Road’ bid from Leicestershire County Council | £14.7m | 2,340 homes |
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