Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to the newest version of your browser.

Your browser appears to have cookies disabled. For the best experience of Construction News, please enable cookies in your browser.

Welcome to the Construction News site. As we have relaunched, you will have to sign in once now and agree for us to use cookies, so you won't need to log in each time you visit our site.
Learn more

First six 'build now pay later' sites to be announced

Housing minister Grant Shapps will tomorrow announce the first six sites to benefit from the government’s build now pay later scheme, Construction News understands.

Full details of the sites are not yet known but it is understood the Homes and Communities Agency will lead on the project with land to be made available by a number of Whitehall departments.

The news follows last week’s Budget in which the Chancellor confirmed Ministry of Defence plans to sell £350 million of land to enable the delivery of up to 20,000 new homes by 2014/15.

The Budget documents accompanying Mr Osborne’s speech said:  “To accelerate the release of public sector land to support homes and jobs, the government will work with local authorities to expedite planning decisions for surplus military land and other public sites suitable for housing, also testing ‘build now, pay later’ techniques to quicken delivery.

“Together with the new presumption in favour of sustainable development, these proposals will potentially allow the MoD to realise up to £350m of estate disposals and enable delivery of up to 20,000 new homes by 2014-15.”

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.

Related Jobs