£1.3bn investment to deliver homes, infrastructure and jobs

Tens of thousands of new homes and other vital infrastructure projects have been given the green light with nearly £1.3bn of investment confirmed today by Housing Secretary Robert Jenrick.

The move is part of the government’s plan to deliver upgrades to local infrastructure and boost skills to help fuel a green economic recovery.

More than 300 successful projects in England are being told they will receive a share of the £900m Getting Building Fund, which was announced by the Prime Minister in June, to invest in shovel-ready housing and infrastructure projects, creating jobs and supporting economic recovery across the country.

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

Housing Secretary Rt Hon Robert Jenrick MP 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 £1.3bn 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.”

Successful projects being funded include:

  • £23m for phase 1 of the development of commercial space at Mayfield Park in Greater Manchester (read more about this project on pages 18-19 of our February 2020 issue), expected to deliver 3,200 jobs and attract over one million visitors a year
  • £14.88m to accelerate the National Brownfield Land Institute, a project aiming to create a leader in sustainable construction which will support the housing deal and drive levelling up across the region
  • £12m to support a new high-speed railway station in Thanet, Kent, improving transport in the area and creating 800 new jobs

To deliver a further 26,000 new homes while protecting greenfield sites, the government has also confirmed a £360m investment in Mayoral Combined Authority areas through its £400m Brownfield Fund.

A further £8m of funding has also been announced to help speed up the delivery of these new homes on brownfield sites and the government is inviting ambitious bids from the Mayoral Combined Authorities for the remaining £40m of the fund.

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