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Government provides £866m for housing infrastructure jobs

The government has said it will invest £866m in new infrastructure projects to help unlock more than 130 housing schemes across England.

Housing secretary Sajid Javid and chancellor Philip Hammond confirmed that local authorities would be given funding for 133 ‘critical infrastructure projects’ aimed at enabling 200,000 new homes to be built.

The money, which comes from the government’s £5bn Housing Infrastructure Fund, will go towards projects including new roads, cycle paths, flood defences and land remediation work.

Examples of projects include £10m for roads needed to unlock a planned 3,300-home development in Ashton Green, Leicestershire, as well as £6.5m to help build a primary school to serve a 750-home development in Ilfracombe, Devon.

The latest projects will be covered by the Housing Infrastructure Fund’s Marginal Viability Fund, which funds projects up to £10m that can be built quickly.

There is also a second facility, the Forward Fund, which backs ‘high-impact’ infrastructure projects worth up to £250m.

The government are now developing projects eligible for the Forward Fund ahead of final funding decisions in autumn 2018.

The Civil Engineering Contractors Association director of external affairs Marie-Claude Hemming said: “This programme of investment in local infrastructure is good news, and will both facilitate housebuilding and drive economic growth.

“We call on local authorities across England to take every step at their disposal to bring these schemes forward to market.”

housing infrastructure projects funding

Housing Infrastructure Fund projects 

Locations of the 133 ‘critical infrastructure projects’

 

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