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Housing Today
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Government withdraws £500m for infrastructure projects intended to help deliver 42,000 homes
Funding for 16 projects has been cancelled as they are ‘undeliverable’ due to financial constraints
The Department for Levelling Up, Housing and Communities (DLUHC) has cancelled £538.8 million in funding for infrastructure projects intended to unlock over 42,000 homes.
In light of viability concerns, the funding allocated through the Housing Infrastructure Fund (HIF) has been retracted from 16 projects.
After the approval of funding contracts with local authorities, five significant forward funding projects and 11 smaller marginal viability funding projects have been removed from the HIF programme.
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