Council Backs Stalled Housing with Cash

Walsall council is pumping £770,000 into a series of stalled developments which can now deliver more than 200 new homes and 380 jobs. The council is using cash from the New Homes Bonus to issue loans and grants to four construction companies on five sites with a combined value of £20 million. Developers had to satisfy a range of criteria and also have part-built developments or schemes with planning permission which had not yet begun, before they could get the cash. The loans will be repaid by the developers and reinvested in other schemes to help create new jobs and homes. Read more on Walsall Council’s website.