A £600m package will be given to infrastructure projects in high-demand areas including London, Essex and Central Bedfordshire.
Chancellor Sajid Javid said the funding would be available through the Housing Infrastructure Fund (HIF), a fund which he created when he was communities secretary. His aim to see more people realise the dream of homeownership.
Robert Jenrick, current communities secretary has said, “To build more, we need to provide the infrastructure and public services to match. This package will support existing communities and ensure they receive the roads and schools to sustain the home being built.”
Javid also stated, “We need the roads, rail links, and schools to support families living in those homes, which is why I set up a fund to put in place the infrastructure to unlock new homes in these areas. Helping more people get on the property ladder and allowing more communities to flourish.”
Five schemes that will benefit from the funding are:
- £69.6m for the transformation growth in Biggleswade bid from Central Bedfordshire to deliver a new secondary school and transport infrastructure to get around 3,500 homes started
- £80.8m for the East London line – Growth Capacity bid from the GLA to deliver transport upgrades to unlock up to 14,000 homes
- £99.9m for the Tendring Colchester Borders Garden Community bid from Essex County Council to deliver a new single carriageway link road and works to unlock up to 7,500 homes
- £156m for the Meridian Water bid from Enfield council to deliver rail works, road infrastructure, land remediation, flood alleviation and utilities to unlock up to 10,000 homes
- £218m for the Beaulieu station, near Chelmsford and north-east bypass bid from Essex County Council to deliver a new train station and road improvements to unlock up to 14,000 homes
Speaking about the funding allocations, Enfield council leader Nesil Caliskan said, “The funding will allow us to forge ahead with providing improved infrastructure, including a more frequent train service, which is needed to support this incredible development and deliver real benefits to our residents in years to come.”