Investment in infrastructure to unlock thousands of new homes
Earlier this month, the Advantage Home Construction Insurance team read that the Chancellor has announced more than £250m in funding will be made available from the Housing Infrastructure Fund to ensure over 20,000 new homes nationwide have access to the vital infrastructure they need.
On 1st November, the Chancellor announced more than £250 million funding for vital infrastructure that will unlock over 20,000 homes nationwide.
This investment, 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. This money will ensure new homes can be built in areas of high demand where people want to live, connecting businesses with their workforce.
The Chancellor of the Exchequer, Sajid Javid said: “When I was Housing Secretary I set this fund up to help ensure homes can be built in areas that need it the most, and enable people to live where they want.
“This £250m will increase the number of houses available to buy and help support people to achieve their dream of home ownership.”
Housing Secretary Rt Hon Robert Jenrick MP added: “This government is committed to building the homes this country needs, so that more people can realise the dream of owning their own home.
“This £250m funding will ensure that communities have the right infrastructure to enable new homes to be built, such as road and transport improvements.”
For more housing-related news, please pay a visit to our regularly updated news page, where we share the latest developments in the sector (as well as topical features from the team about Structural Warranties). Thank you for reading! We’ll be back very soon with a new Advantage Home Construction Insurance blog.
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