Government releases funding for modern methods of construction

We recently read via Property Wire that: The Government has made a commitment to more new homes being built in England using modern methods of construction (MMC).

Here at Advantage Structural Defects Warranty, we couldn’t help but notice that following a lengthy period during which the main political parties vied to share their solutions to the current affordable housing shortages, over the past month or so, as Brexit has once again dominated the headlines, housing appears to have fallen further down the political agenda.

However, we recently read via Property Wire that: The Government has made a commitment to more new homes being built in England using modern methods of construction (MMC).

A centre for excellence is to be created for MMC across the North of England and Homes England is providing £38.2 million to help build 2,000 new homes in the sector.

According to Housing Minister Esther McVey the region has the potential to become a world leader in the creation of modern, high-quality homes using MMC. During a visit to Factory 2050, part of the University of Sheffield Advanced Manufacturing Research Centre, she met with major developers, small businesses and academics.

The funding from the Government’s housing agency will be spread across six local authorities to speed up the construction of 2,072 homes across the country.

The deals are the latest to be awarded through the government’s £350 million Local Authority Accelerated Construction programme, which was launched to accelerate the delivery of local authority housing schemes and encourages the use of MMC.

We recently wrote about how the shortage of affordable housing, and the challenges facing those seeking to get on the housing ladder, is leading to rising rental prices in most parts of the UK.

We’ll continue to examine how local and central government, the social housing sector, and private developers are working together to try and meet the UK’s current and future housing needs in our upcoming Advantage blogs. Thank you for reading!

Interested in learning more? Contact one of our structural defects insurance experts today to discuss your requirements on 0845 900 3969

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