Government Unveils £3bn Home Building Fund

At the Conservative Party conference the government will announce details of the long-awaited £3bn Home Building Fund that will combine cash from several existing funding streams and provide £1.15bn of new loan finance. Sajid Javid, communities secretary, will also confirm a further £2bn of funding for a scheme called ‘Accelerated Construction’ under which the government will take direct action to build homes. Of the £3bn Home Building Fund, £1.15bn will consist of new loans, the government has confirmed. The Homes and Communities Agency runs several funding streams to support building, including the £525m Builders Finance Fund, the £1bn Large Sites Infrastructure Programme and Build to Rent. Read more on Inside Housing.