£142 million for homes in growing communities

Housing Minister Kit Malthouse has confirmed that £142 million will be invested in infrastructure to ensure thousands more homes are built in some of the UK’s growing communities.

The funding, part of the Housing Infrastructure Fund, will be spent on widening bridges, building roads and connecting utilities so up to 8,500 properties can be built.

Money is allocated to authorities after a competitive funding allocation process. The latest investment will see the government invest £95 million in Woking, Surrey, which will unlock land to build up to 4,500 homes in the town, as well as an extra 4,000 homes built as a result of a £47 million investment in new road links in Truro, Cornwall.

Malthouse said: “For decades, governments of all stripes and types have not built enough new homes but we are turning that around, brick by brick. We are driving to create homes, opportunities and thriving communities – and this £142 million investment will mean we can build more of the properties our country so badly needs. We need to keep upping our game and build more, better, faster, if we are to meet our ambition to deliver 300,000 homes a year by the mid-2020s.”