Latest News Tue, Oct 15, 2024 6:13 AM
Thousands of new homes to be built as part of the government’s plans to get the country building again, create jobs and grow the economy as a multi-million-pound funding boost is given councils to unlock disused brownfield sites.
The £68 million, announced by the Prime Minister, will go directly to 54 councils who will be able to use the money to turn neglected land into new homes. It will transform local communities and help families onto the property ladder.
The funding will mean councils can clear empty buildings, former car parks and industrial land to make way for the homes. This category of land is expensive to prepare for housebuilding, meaning sites are sat empty and an eyesore for local communities.
With the funding, delivered through the Brownfield Land Release Fund, councils will be able to cover the cost of decontamination, clearing disused buildings or improving infrastructure such as internet, water and power. As a result, land will be released to enable 5,200 homes to be built across the country.
Prime Minister Keir Starmer said: “From the outset we promised to get this country building again to deliver 1.5 million homes over this parliament and help tackle the housing crisis we have inherited. That is the essence of fixing the foundations and driving growth.
“I said this government is on the side of the builders, not the blockers. And I meant it. This funding for councils will see disused sites and industrial wastelands transformed into thousands of new homes in places that people want to live and work. Our brownfield-first approach will not only ramp up housebuilding but also create more jobs, deliver much-needed infrastructure, and boost economic growth across the country.
“This government is rolling up its sleeves and delivering the change the British people deserve.”
Housing and Planning Minister Matthew Pennycook said: “The government is committed to a brownfield-first approach to housebuilding, and we have already taken steps to prioritise and fast-track building on previously used urban land through our proposals for a ‘brownfield passport’.
“The funding announced today will support the delivery of thousands of new homes and boost economic growth by unlocking development on scores of abandoned, disused and neglected urban sites across the country.”
Some of the projects to benefit from the funding include:
It has also been announced today that Homes England will be investing £30 million to help accelerate the transformation of the Riverside Sunderland area from a former industrial heartland into a thriving new place. The Brownfield Infrastructure Land (BIL) investment will support a broader project aiming to create around 1,000 new homes, new community infrastructure and one million square feet of tailored office space for UK and international businesses, providing accommodation for between 8,000 and 10,000 jobs.
To accelerate housing development and achieve the ambition to build 1.5 million homes, the government has also:
It comes as it was announced that tens of thousands of new homes will be built across Britain funded by over £550 million worth of impact investments. These investments, whereby a fund creates beneficial social or environmental impact, has now grown to £76.8 billion in the UK in assets under management. This shows the government’s hard work is already restoring confidence for investors to choose Britain, which is open for business.
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