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Government commits £45m of funding to kick-start UK housebuilding

Government commits £45m of funding to kick-start UK housebuilding
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Housing and Planning Minister, Dominic Raab has announced a £45 million cash injection into key community projects across the country, helping to facilitate the building of thousands of new homes.

The funding – allocated by the central government to help boost Britain’s housebuilding industry, will be distributed to 79 projects. The aim is to support local councils in completing the necessary infrastructure work to unlock viable council-owned land and the building of 7,280 new homes.

Jade Greenhow, general manager at Insight Data, said: “This is fantastic news not just for housebuilders, but for stretched local councils who now have the funding in place to complete any necessary works to re-purpose dormant land for housing.

“With the funding now earmarked and councils already preparing sites for development, it’s important that businesses within the fenestration and building products industries ramp up their marketing to avoid missing out on this incredible demand.”

News source: Courtesy of Glass & Glazing Magazine