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Kier, Galliford Try, Lovell and Keepmoat handed over £91m by government for affordable homes

The government has handed more than £90m to contractors as part of an initiative to build thousands of affordable homes across the UK.

Galliford Try, Keepmoat, Kier and Lovell were given the funding under the government’s 2016-2021 Shared Home Ownership and Affordable Homes Programme.

Kier was the biggest winner, securing £42m to deliver 1,378 homes. The contractor will also deliver 335 associated but non-grant affordable homes.

Galliford Try received £19m to build 530 homes, Keepmoat was handed £18m for 439 homes and Lovell got £12m for 420 homes.

In total, the government awarded £1.28bn to contractors, housebuilders, developers and housing associations in this round of funding.

The cash will support the construction of 46,534 properties between now and 2021 across the UK.

Regionally, the Midlands will see the most money invested, with £382m being used to build 11,653 homes over the next four years.

The North-east with Yorkshire and Humber will see £284m used to build 8,509 homes while the North-west will see £274m invested to fund the construction of 8,774 homes.

Last November, the Greater London Authority was handed £3.15bn from the same programme.

The overall affordable housing initiative was expanded by £1.4bn by chancellor Philip Hammond in November’s Autumn Statement.

Now at a total of £7bn, it is set to deliver more than 200,000 homes, which include affordable rent, shared ownership and rent-to-buy schemes.

Housing minister Gavin Barwell said: “Up and down the country we are investing more in affordable housing to help make the dream of home ownership a reality for thousands more tenants.

“This includes opening up the housing market to younger people and providing decent, affordable homes for rent for those who cannot afford to buy.”

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