The government’s £400 million fund to unlock a wave of English house building projects is unlikely to include a significant amount of grant money. The get Britain building fund, which was launched as part of the government’s housing strategy is designed to provide financing to projects on mothballed sites. However, unlike its predecessor, the £400 million kick-start programme, the scheme will see little or no public money given to developers. Instead, the fund will come in the form of development loans at commercial rates or equity stakes in projects. In a Home Builders Federation briefing note to its members the industry body warned that the scheme would include ‘little, if any, grants or gap funding’. Read more on Inside Housing.
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