The government has announced plans to offer residential developers loan of up to £20m to deliver new schools at their schemes.
It has committed to providing 10 loans in the pilot, for projects which demonstrate value for money and affordability.
Education secretary Gavin Williamson said the scheme seeks to meet the rising demand for schools, while also helping families to get on the property ladder.
The loans mean schools can be delivered early in the development and will be repayable once the new homes are sold.
Williamson said: “We know that in some cases, building schools and properties at the same time so they are ready for new communities can be challenging for housing developers. That’s why we are launching these loans today, to help parents secure a good school place for their child at the same time as moving into a new family home.”
Housing minister Esther McVey said: “It’s only right that infrastructure is delivered up front – including thousands of new school places – which supports existing communities and the new homes which we need building.”
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