Bids to open soon for £500 million small housing Government funding

Houses under construction. Photo: Evelyn Simak
Houses under construction. Photo: Evelyn Simak

Over £500 million pounds of new Government investment for smaller housing schemes will help build up to 15,000 homes and support thousands of jobs in construction, housing minister Kris Hopkins has announced.

 

The £525 million Builders Finance Fund is intended to accelerate construction on smaller sites. Expressions of interest for the fund, to include investment proposals outlining the delivery plan, can be submitted to the Homes and Communities Agency from mid May.

 

The new investment will be made available to unlock “shovel ready” sites of between 15 to 250 houses, which have their plans in place and the support of local people, but need help to get development under way. Focus on smaller schemes is expected to benefit smaller firms who typically build on these sites.

 

A prospectus has been published to help housebuilders prepare their bids.

 

Mr Hopkins said the collapse of the unsustainable housing boom in 2008 had devastated the construction industry, leading to the loss of 250,000 jobs and a falling market share for the nation’s smaller builders.

 

“This funding will get workers back on site, support 15,000 jobs across the construction industry, and build thousands of new homes for communities up and down the country, he added.”

 

The investment will fund locally supported housing. Applicants should have the support of the local community and local authority. Sites must have outline planning consent in place when they submit their bid and must confirm that residential properties financed through the fund will be marketed in the UK.

 

Support through the Builders Finance Fund will be on top of £1Bn that has been made available to unlock 250,000 homes on large scale developments with over 1,500 units. This scheme is currently open for bids.

Please rate

Comments 

Ctrl + Enter

Most Read

Some thoughts on the place of Women in Engineering

Some thoughts on the place of Women in Engineering

According to the latest women in engineering statistics from EngineeringUK 2017 report “women make up only 1 in 8 of those in engineering occupations and less than 1 in 10 of those in an engineering role within an engineering company”.  Would having more women engineers help tackle

Post-Brexit impacts of engineer skills shortages on construction

Post-Brexit impacts of engineer skills shortages on construction

How is the UK going to cope after Brexit?  According to a report from IHS Markit data research firm, based on answers from over 400 recruitment agencies, demand for staff rose sharply across the private sector in April. However “demand for staff is growing within all sectors and all

Congratulations to Tina White!

Congratulations to Tina White!

This month the Anglo family celebrates a BIG Anniversary for one of our longest standing  team members, Tina White, who has been working and leading the Water Team for 22 fantastic years in 2017! It is hard to imagine for some of our youngest staff that someone has been working tirelessly for

This website uses cookies to enhance your user experience. By continuing to use this site, you consent to our use of these cookies. See our Cookie Policy.