Government announces £6.3 million Housing Zone funding

The government has today announced plans to distribute £6.3 million to 20 Housing Zones to help revive brownfield sites across the country.

Related topics:  Finance News
Rozi Jones
5th January 2016
Government, parliamant, treasury, commons, downing,

The funding, which comes on top of a £1.2 billion Starter Home Fund designed to prepare brownfield sites for at least 30,000 new homes, will be used to speed up work.

The 20 Housing Zones, spread across the country, will see councils working in partnership with private developers.

On top of this, the government has committed to work with an additional 8 short listed potential Zones which together have the potential to deliver 45,000 new homes.

Housing Minister Brandon Lewis said:

"Housing Zones offer enormous potential to use brownfield land for new homes which is why this government is determined to get them built out as soon as possible.

"This funding will play an important part in getting work underway which will lead to new homes and more security for aspiring homeowners.

"Britain is building again with the number of new homes up 25% in the past year and these zones will play an important part in giving an extra million people the chance to achieve their dream of home ownership."

The remaining £740,000 from the fund will be used to provide specialist technical support to the Zones.

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