Property
Rebecca Wayman

Government invests £142m to build 'much needed' homes across UK

Thousands of homes are due to be built with a £142m investment of infrastructure, Housing Minister Kit Malthouse MP confirmed today (June 11).

The money will be spent on widening bridges, building roads and connecting utilities so up to 8,500 properties can be built.

The spending, under the Housing Infrastructure Fund, is part of the government’s project to deliver 300,000 homes a year by the mid-2020s.

Kit Malthouse MP said: “For decades, governments of all stripes and types have not built enough new homes but we are turning that around, brick by brick.

“We are driving to create homes, opportunities and thriving communities - and this £142m investment will mean we can build more of the properties our country needs.

“We need to keep upping our game and build more, better, faster, if we are to meet our ambition to deliver 300,000 homes a year by the mid-2020s.”

The funding confirmed today comes from the government’s £5.5bn Housing Infrastructure Fund so that land can be made ready for development.

Money is allocated to authorities after a competitive funding allocation process.

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