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.”