Housing boost for UK buyers with £12bn government investment

The government has atoday nnounced a new multi-billion pound investment in UK housing.

Housing Secretary Robert Jenrick has today launched £12bn investment in a bid to increase affordable and accessible housing provision across the country.

The £12.2bn overall investment in affordable housing was confirmed at the latest Budget, which also includes £700m on new homes through the 2016 to 2022 programme.

A new £11.5bn Affordable Homes Programme will be delivered over five years from next year, aiming to provide up to 180,000 new homes across the country.

Housing Secretary Rt Hon Robert Jenrick MP commented: “Today’s announcement represents the highest single funding commitment to affordable housing in a decade and is part of our comprehensive plans to build back better.

“This government is helping hard-working families and prospective first-time buyers get their feet on the housing ladder in an affordable way.

“Thanks to the range of flexible ownership options being made available, more families across the country will be able to realise their dreams of owning their own home, with half of these homes being made available for ownership.”