Housing Minister reveals funding to speed up building of new homes

Housing Minister Mark Prisk Reveals new fundingThe housing minister, Mark Prisk, said to bring forward the development of 6,300 new homes by providing fresh funds to support the building industry.

The Minister announced £20 million of fresh investment to accelerate the construction of 6,300 homes at the new town of Cranbrook in East Devon, paving the way for employment opportunities in the trades and boosting the construction sector.

Mr Prisk visited the new community of Cranbrook to see first-hand how a partnership approach to development is reaping impressive results from government investment.

Aside from the construction of new homes, he also announced that the money would be used to deliver the roads and infrastructure needed to develop a new town centre, with the remaining funds supporting the construction of a new secondary school and a second primary school as part of the next phase of Cranbrook’s development.

This investment in infrastructure is expected to accelerate the pace of the delivery of new homes from 300 a year to up to 500.

Today’s announcement is the first allocation of £225 million earmarked by the chancellor in his Autumn Statement for the delivery of 50,000 new homes in large, locally-supported housing programmes.

The funding programme for planned, large-scale sites, administered by the Homes and Communities Agency, will be targeted at schemes that are struggling to move forward because of the current economic climate.

Housing Minister Mark Prisk said: “This government is serious about building more homes. That’s why we have been looking carefully at how we can accelerate large, planned housing schemes that already have the support of local people, but need help to move forward in the current economic climate.

“So I’m delighted that today I can announce our intervention will help unlock the delivery of over 6,000 new homes in Cranbrook, and create thousands of jobs for local people.

“In the months ahead I will be announcing support for similar schemes. That means more investment, more jobs for our young people and more affordable homes for families across the country.

“We have set aside considerable funding to assist large housing programmes like Cranbrook, and I would urge anyone with similar proposals to come forward and contact my department.”

What is your reaction to the new funding announced by Housing Minister Mark Prisk that will create new jobs and boost the trades? Share your thoughts by commenting here or raising your voice on our Facebook and Twitter pages.

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Posted on December 13, 2012, in Affordable housing, Building Construction Industry, Building Engineering Sector, Business, Construction, construction jobs, construction news, Employment, Environment, Government, Housing Scheme, Infrastructure, jobs, plumbing jobs, Politics, Property maintenance busines, t4ts, Trades, train4tradeskills, Train4TradeSkills News, UK Economy and tagged , , , , , , , , , , , , , , , , , , . Bookmark the permalink. Leave a comment.

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