Housebuilders hoping to access Government funding earmarked for the creation of 20,000 affordable new homes will have to offer apprenticeships and jobs in return for the financial assistance.
Up to £1.5 billion is up for grabs under the Housing Pledge, announced as part of Gordon Brown’s Building Britain’s Future agenda in June.
The Department for Communities and Local Government hopes the move to restrict funding to those companies which are taking on new staff could create 1,300 apprentice places over two years, along with 45,000 jobs.
Housing minister John Healey said: “We are using the power of Government investment to build the homes that people need, keep people in work and help the country through recession.”
But he also stressed that creating new training and job opportunities for young people is a key part of the Government’s thinking.
He said the double-pronged strategy will “make more of every taxpayers’ pound invested in housing, building more homes and creating the opportunity of training and work for more young people”.