A loan fund designed to pay for infrastructure works needed to kickstart housing schemes will have £624m to distribute, the government has said.

The Home Building Fund was one of a number of funding packages announced as part of housing secretary Michael Gove’s levelling up white paper, issued this week.

The government’s housing agency, Homes England, on Wednesday said the fund would provide loans to developers, master developers and landowners of up to £250m to pay for site preparation, enabling or other infrastructure works on schemes needed before housebuilding can start – but didn’t set out how much funding would be available.

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