Communities across London celebrate new housing cash windfall

Communities across London and the South East have been allocated a share of a £300 million pot for infrastructure schemes that will support new housing.

The £235m Growth Area Funding allocations and £60m investment from the Community Infrastructure Fund, is the largest amount allocated to growth areas at one time.

The investment follows the Government’s response to the Barker Review of Housing Supply last year that outlined Government plans to help future generations of home buyers get a foot on the housing ladder.

The money allocated through the Community Infrastructure Fund, which is a joint initiative between ODPM and Department for Transport.

Announcing the funding allocations today, Minister for Housing and Planning, Yvette Cooper said: “We have always said we need to build more homes in a sustainable way. Today we are delivering on our government-wide commitment to ensure that building new homes goes hand in hand with the right provision of infrastructure and acknowledging that transport projects in particular are a catalyst for sustainable development.”

Stephen Ladyman, Minister for Transport said: “New homeowners will want to know that they can get to work, school or out for leisure easily and conveniently. This new funding will bring real improvements to transport across the South East and will tackle congestion in these communities.

“We were very impressed by the variety of projects, which combined present an excellent package of schemes for all growth areas.  The schemes look set to support housing development and improve services for existing and future residents.”

£235 million from the Growth Area Fund is being shared among the three newest growth areas, and the three London Opportunity Boroughs of Barnet, Islington and Brent, to help create communities – not just homes – where people are proud to live and work. 

A huge £24 million slice of the allocation is being spent exclusively on ‘green space’ projects, meeting the commitment in the Government’s response to Kate Barker to provide a minimum of 10% of growth areas funding to support greenspace projects.

The money today gives the green light to 87 vital and varied projects that will deliver tangible benefits to communities across the growth areas.  Some of these projects include:

Milton Keynes General Hospital (£7.2m) – which will unlock land for future hospital development and additional key worker housing;
Ashford’s Learning Campus (£5.5m), which is crucial for the successful growth of the town and will also lead to the creation of over 200 jobs;
Corby’s Parkland Gateway project (£9m), which will help to unlock the town’s huge potential and support sustainable growth with the creation of a new civic hub as the focus of a town centre mixed use development;
Aylesbury Vale’s Aston Clinton Major Development Area (£5.99m) which will facilitate a new business park and country park;
 A new innovation centre in Harlow (£2.5m) which will support new small and medium sized knowledge-based businesses; and
 The first new pedestrian and cycle bridge in Cambridge City across the
River Cam for 40 years (£1.5m); and
The creation of 137 hectares of new fenland habitats in Huntingdonshire
(£1.3m).

Ms Cooper added: “We have an ageing and growing population but a housing market that has failed to respond. In spite of a household formation rate of about 190,000 per year, currently we are only building around 150,000 new homes each year – this gap is not sustainable. 

“This is about getting the balance right between building the homes that people desperately need while also safeguarding the environment, setting new design standards and ensuring the right infrastructure is there to support the new homes and the people who live in them.”

A number of projects, including a package of projects in Northamptonshire, are still being appraised for the Community Infrastructure Fund and further allocations from the remaining £72m are anticipated before the parliamentary recess.

Communities across London and the South East have been allocated a share of a £300 million pot for infrastructure schemes that will support new housing.

The £235m Growth Area Funding allocations and £60m investment from the Community Infrastructure Fund, is the largest amount allocated to growth areas at one time.

The investment follows the Government’s response to the Barker Review of Housing Supply last year that outlined Government plans to help future generations of home buyers get a foot on the housing ladder.

The money allocated through the Community Infrastructure Fund, which is a joint initiative between ODPM and Department for Transport.

Announcing the funding allocations today, Minister for Housing and Planning, Yvette Cooper said: “We have always said we need to build more homes in a sustainable way. Today we are delivering on our government-wide commitment to ensure that building new homes goes hand in hand with the right provision of infrastructure and acknowledging that transport projects in particular are a catalyst for sustainable development.”

Stephen Ladyman, Minister for Transport said: “New homeowners will want to know that they can get to work, school or out for leisure easily and conveniently. This new funding will bring real improvements to transport across the South East and will tackle congestion in these communities.

“We were very impressed by the variety of projects, which combined present an excellent package of schemes for all growth areas.  The schemes look set to support housing development and improve services for existing and future residents.”

£235 million from the Growth Area Fund is being shared among the three newest growth areas, and the three London Opportunity Boroughs of Barnet, Islington and Brent, to help create communities – not just homes – where people are proud to live and work. 

A huge £24 million slice of the allocation is being spent exclusively on ‘green space’ projects, meeting the commitment in the Government’s response to Kate Barker to provide a minimum of 10% of growth areas funding to support greenspace projects.

The money today gives the green light to 87 vital and varied projects that will deliver tangible benefits to communities across the growth areas.  Some of these projects include:

* Milton Keynes General Hospital (£7.2m) – which will unlock land for future hospital development and additional key worker housing;

* Ashford’s Learning Campus (£5.5m), which is crucial for the successful growth of the town and will also lead to the creation of over 200 jobs;

* Corby’s Parkland Gateway project (£9m), which will help to unlock the town’s huge potential and support sustainable growth with the creation of a new civic hub as the focus of a town centre mixed use development;

* Aylesbury Vale’s Aston Clinton Major Development Area (£5.99m) which will facilitate a new business park and country park;

* A new innovation centre in Harlow (£2.5m) which will support new small and medium sized knowledge-based businesses; and

* The first new pedestrian and cycle bridge in Cambridge City across the
River Cam for 40 years (£1.5m); and

* The creation of 137 hectares of new fenland habitats in Huntingdonshire
(£1.3m).

Ms Cooper added: “We have an ageing and growing population but a housing market that has failed to respond. In spite of a household formation rate of about 190,000 per year, currently we are only building around 150,000 new homes each year – this gap is not sustainable. 

“This is about getting the balance right between building the homes that people desperately need while also safeguarding the environment, setting new design standards and ensuring the right infrastructure is there to support the new homes and the people who live in them.”

A number of projects, including a package of projects in Northamptonshire, are still being appraised for the Community Infrastructure Fund and further allocations from the remaining £72m are anticipated before the parliamentary recess.

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