Government gives councils £200m to kickstart building new homes

Local councils are being given a hefty incentive to build new homes as the New Homes Bonus kicks in.

326 local authorities in Britain will now receive £200 million in funding this year under the New Homes Bonus scheme, in a bid to encourage housebuilding in their local area.

Councils will receive anything between £5,000 and £4 million in handouts from the government, depending on how big the area. The bigger the area and the population, the more funding the council gets.

Housing Minister Grant Shapps is leading the scheme, which will put the onus on local councils to decide where to build new homes, instead of the traditional system where the government decided where to build.

Mr Shapps said in a statement that, “the system where Whitehall told communities what homes they need to build never worked. Housebuilding declined for years… and the construction industry suffered terribly.”

The biggest winners of the New Homes Bonus scheme are the Tower Hamlets area of London (picking up £4.29 million), but this will go towards building 2,934 new homes in the area.

Birmingham and Manchester also benefit, getting £3.2m and £2.6 million in funding respectively.

As long as the councils decide where to build new homes sensibly and spend the money properly, then this is a good idea, as it is up to local people to decide what it right for their town or city.

The other positive aspect is that as more new homes will be built all over the UK, it means more jobs in the construction industry, for plumbers, electricians and gas engineers.

What do you think of the news? Let us know in the comments section or on the Train4TradeSkills Facebook and Twitter pages.

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Train4TradeSkills offer the only trade training skills courses that combine three great ways to learn, through a unique blend of book based theory, practical workshops and virtual reality PC based training, to help you qualify you as a plumber, electrician or gas engineer. No other learning provider offers our unique way to study, with full tutor support, easy to follow, step by step modules. Once you complete one part of the course and return your work for marking, the next stage of the course automatically follows. It’s as easy as that. It’s fun, it’s easy to follow... and it can be fitted around your existing work and family commitments!

Posted on April 6, 2011, in construction jobs, construction news, Electrical News, electrician jobs, plumbing jobs, Plumbing News, train4tradeskills and tagged , , , , , , , , , , . Bookmark the permalink. Leave a comment.

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