Government announces £1.3 billion investment to deliver new homes

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The government has announced almost £1.3 million of investment to deliver up to 45,000 new homes and other vital infrastructure projects.

Over 300 projects in England have been told they will receive a share of the £900 million Getting Building Fund, which invests in ‘shovel-ready’ projects to create jobs and support the country’s economic recovery from COVID-19.

The projects being funded include town and city centre regeneration projects, projects to help unlock housing sites, and green infrastructure and clean energy projects.

The investment is expected to deliver up to 45,000 homes, create up to 85,000 jobs, and reduce around 65 million kilograms of CO2 emissions across England.

The housing secretary Robert Jenrick said: “As we get Britain building we are also laying the foundations for a green economic recovery by investing in vital infrastructure for local communities, creating jobs and building environmentally-friendly homes with a huge £1.3 billion investment announced today.

“This government is determined to level up all parts of the country and this funding will not only give a much needed boost to our economic recovery, it will help build the good quality, affordable homes the country needs.”

Each of the 300+ projects was selected for funding by Local Enterprise Partnerships and mayoral combined authorities in each area.

Announcements related to housing include £14.88 million to accelerate the National Brownfield Land Institute, the new project announced by the government back in June which will look to drive the regeneration of brownfield sites.

Meanwhile, £13.5 million has been allocated for two major infrastructure projects in Rochdale, which will help create almost 3,500 jobs and over 1,000 new homes.

The government has also confirmed a £360 million investment for mayoral combined authorities through its £400 million Brownfield Fund, and a further £8 million of funding to speed up their delivery of new homes on brownfield sites. Combined authorities have been invited to bid for the remaining £40 million of the fund.

Paul Dennett, Greater Manchester’s lead for housing, homelessness and infrastructure, welcomed Greater Manchester’s £54 million share of the Getting Building Fund, calling the funding a ‘step in the right direction’ for the city region’s plans to deliver new jobs and homes.

Dennett said: “The announcement to support our ‘shovel ready’ projects demonstrates the government’s confidence in our ability to deliver and it will support both our economic recovery from COVID-19 and our existing plans for homes, jobs and the environment.”

Meanwhile, the government has also announced details of its £2 billion Green Homes Grant scheme, which will see it fund up to two-thirds of the cost of improvements such as low-carbon heating installation and wall insulation.

Ministers have now confirmed that tradespeople must register for TrustMark accreditation to take part in the Green Homes Grant scheme.

The business and energy secretary Alok Sharma said: “Green home improvements will save people money on their energy bills, help to cut carbon emissions, and create new work for many thousands of builders, plumbers and other tradespeople.

“Our TrustMark scheme will guarantee that building work is completed to a high standard by accredited tradespeople, ensuring consumers are fully protected.”

The government’s latest funding commitments come as it is set to announce a ‘radical’ overhaul of the planning system to help speed up the delivery of new homes.

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