Chancellor Hands Out £600m To Unlock 50,000 Homes

The government has announced that it will give £600m in funding to help deliver infrastructure projects that will unlock an estimated 50,000 homes. Chancellor Sajid Javid has revealed that the money would be given to five new infrastructure projects across the country that would open up sites for housing development. The money will come from the Housing Infrastructure Fund, the £5.5bn fund that was launched by Mr Javid in 2017 when he was housing secretary, and is aimed at giving money to local authorities that have plans to increase housing supply but have sites restricted by lack of infrastructure, or land in need of remediation work. Read more on Inside Housing.

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