The Chancellor has
announced more than £250 million funding for vital infrastructure that will
unlock over 20,000 homes nationwide.
This investment,
from the Housing Infrastructure Fund, will pay for roads, schools, public
transport and utilities in seven places across the Midlands, the East of
England and South East. This money will ensure new homes can be built in areas
of high demand where people want to live, connecting businesses with their
workforce – boosting jobs, growth and living standards.
The Chancellor of
the Exchequer, Sajid Javid said: "When I was Housing Secretary I set this
fund up to help ensure homes can be built in areas that need it the most, and
enable people to live where they want.
"I have now
launched an infrastructure revolution and this step-change in funding will
ensure that all parts of the country benefit as we level-up opportunities.
"This £250m
will increase the number of houses available to buy and help support people to
achieve
their dream of home
ownership."
The Government is
committed to levelling-up communities across the country so that all areas
benefit from investment and growth.
Ministers are
investing record amounts in roads, rail, housing and broadband to ensure
Britain has the modern infrastructure needed to thrive, and allow local
economies to flourish via a National Infrastructure Strategy.
Housing Secretary Rt
Hon Robert Jenrick MP said: "This government is committed to buildings the
houses this country needs, so that more people can realise the dream of owning
their own home.
"This [£250m]
funding will ensure that communities have the right infrastructure to enable
new homes to be built, such as road and transport improvements."
