Government announces £300m investment for new homes schemes across UK

The Government has announced that nearly £300m of investment will support the development of new homes in Greater Manchester, the West of England and Oxfordshire.

Housing Secretary Sajid Javid has revealed that Greater Manchester will receive £68m funding to support the Mayor’s aim of delivering 227,200 homes by 2035 and boost economic growth across the Northern Powerhouse.

As part of this, £50m will be used for a Land Fund to help councils in the region to prepare brownfield land for housing development

Government support will also go towards the West of England to help nearly double the number of new homes being delivered, increasing from around 4,000 homes to 7,500 homes a year.

In addition, Ministers have approved a housing deal with Oxfordshire worth £215m that will help deliver a further 100,000 new homes for local people. This will include £150m funding to build needed bridges, roundabouts and roads; and £60m to deliver more than 1300 affordable homes.

Housing Secretary Sajid Javid said: “This government is determined to build the homes this country needs. That’s why we’re working with ambitious areas across England and backing them with investment and support.

“This new housing investment in Greater Manchester, the West of England and Oxfordshire will help build much-needed homes, giving more people the opportunity to get on the property ladder.

“We’re also investing in local infrastructure like schools, roads and hospitals, so that we can help unlock even more new homes in the areas where they’re needed most and build a Britain fit for the future.”