Up to 200,000 new homes are set to get off the ground as government confirms £866 million investment

Up to 200,000 new homes are set to get off the ground as government confirms £866 million investment in local housing projects.

Housing Secretary Sajid Javid and Chancellor Philip Hammond announced that 133 council-led projects across the country will receive funding to support local work that will make housing developments viable and get much-needed homes built quicker.

With the government committed to building 300,000 homes a year by the mid-2020s, this first wave of funding from the £5 billion Housing Infrastructure Fund is part of a comprehensive programme to fix the broken housing market.

This latest investment and will fund key local infrastructure projects including new roads, cycle paths, flood defences and land remediation work, all essential ahead of building the homes.

Without this financial support these projects would struggle to go ahead or take years for work to begin, delaying the homes these communities need. Together with the government’s Industrial Strategy, it will provide high-quality infrastructure to support economic growth.