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Javid awards £250m in infrastructure funds

Chancellor Sajid Javid has provided a further £250m from the government’s Housing Infrastructure Fund to six councils in the Midlands, East of England and South East.

The finance will help to unlock land for the development of more than 20,000 homes.

Oxford County Council is to receive £102m to aid the development of 5,050 homes in the A40 Smart Corridor.

A further £52.3m will go to Surrey County Council to support the reallocation of a water treatment facility at the Slyfield Area Regeneration Project, helping to deliver 1,500 homes.

Kent County Council will deliver 7,899 homes through a £38.1m investment in road improvements in the Swale area.

Javid said: “When I was housing secretary, I set this fund up to help ensure homes can be built in areas that need it the most, and enable people to live where they want.

“I have now launched an infrastructure revolution, and this step change in funding will ensure that all parts of the country benefit as we level up opportunities.”

 

To send feedback, e-mail emma.rosser@egi.co.uk or tweet @EmmaARosser or @estatesgazette

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