£55m Homes England grant funding to boost development of 4,000 homes

Funding | National | Property & Construction

Homes England has agreed funding deals with 12 local authorities to deliver 4,000 homes across England.

The funding totalling £55million has been awarded through the Government’s £450 million Local Authority Accelerated Construction (LAAC) Programme and will support local authorities with a range of work required to prepare their sites for the development of new homes such as infrastructure enabling works, planning and technical expertise and site remediation.

The LAAC programme prioritises the use of modern methods of construction, which will increase the pace of delivery across the developments by an average of 40%.

The funding will be used to kick start the development of 4,000 new homes across England, including 1,400 at a 400-acre site at Horton Heath, Eastleigh. Eastleigh Borough Council purchased the site in 2018 and the development will benefit from £20.8million of LAAC funding to accelerate the delivery of a mix of one, two, three and four bedroom homes, including a minimum of 30% affordable housing.

Today’s announcement includes deals with local authorities from across England:

North

City of York Council, Gateshead Council, Newcastle City Council, Pendle Borough Council

South

Eastleigh Borough Council, Medway Council, Dorset Council

Midlands

Leicestershire County Council, High Peak Borough Council, City of Lincoln Council

East

Borough Council of King’s Lynn & West Norfolk, South Norfolk Council

Minister of State for Housing, Kit Malthouse MP, said: “We haven’t built enough homes in this country for far too long – and our accelerated construction programme is here to change that, and fast.

“This £55m funding boost will help councils get 4,000 new homes built across the country using the latest modern methods that cut down on construction time. We must keep building more, better, faster to meet our ambition to building 300,000 homes a year by the mid-2020s.”

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