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Housing Secretary pledges £10 million for 10 new communities
£10 million of funding will enable ambitious councils to develop locally-led proposals to deliver more new towns on the scale of Canary Wharf or Milton Keynes.
Housing Secretary Robert Jenrick has said that councils can submit transformational proposals to win a share of the new funding, which will aid projects that will be locally-led by the people who know their community best. The announcement reiterates Prime Minister Boris Johnson’s plan to level up every place in the UK, with potential proposals able to kick start the delivery of thousands of new homes, boost local growth and deliver new jobs for communities after Brexit.
Sir George Iacobescu, founding father of Canary Wharf, will advise the Housing Secretary on which project to take forward for further government support.
Jenrick said: “We want to drive economic growth outside London and the South East. Our new development corporations will empower local areas to come forward with ideas for new towns that deliver jobs, houses and economic growth – creating the future Canary Wharfs of the North and Milton Keynes’s of the Midlands. That’s why I am announcing this competition to find major growth opportunities that will receive government support and investment.”
A consultation has also been launched to ensure development corporations have the legal powers they need to deliver high-quality new communities at the right speed.
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