£1.3 billion investment announced for new homes and infrastructure

Housing Minister, Robert Jenrick MP, has announced a £1.3 billion investment into new homes and infrastructure projects as part of government plans to improve local infrastructure and boost the economy.

Over 300 projects in England will share the £900 million Getting Building Fund, previously announced in June. Investment is expected to deliver 45,000 homes, and create 85,000 jobs. Projects announced to be receiving funding include £6.6 million on Phase 4 of Stockport Exchange and associated green infrastructure in the town centre, £3.5 million to Glenbrook’s STOK conversion of the former M&S building, and a £23 million development of urban green space and commercial property at Mayfield Park in Greater Manchester, set to create 3200 jobs in the city.

£14.88 million will also fund the National Brownfield Land Institute to drive more sustainable construction and housing developments.

A £360 million investment from the Brownfield Fund has also been announced for Mayoral Combined Authorities such as Greater Manchester. Money will be used for projects to construct new homes on brownfield sites, as is being proposed for the regeneration of Stockport’s Town Centre West area by the Stockport Mayoral Development Corporation.

Housing Secretary Rt Hon Robert Jenrick MP said:

As we get Britain building we are also laying the foundations for a green economic recovery by investing in vital infrastructure for local communities, creating jobs and building environmentally-friendly homes with a huge £1.3 billion investment announced today.

“This government is determined to level up all parts of the country and this funding will not only give a much needed boost to our economic recovery, it will help build the good quality, affordable homes the country needs.”

Details of the £2 billion Green Homes Grant scheme have also been announced to help fund home improvements, including new insulation, low carbon heating systems or other green technologies.

Low income households will be able to access up to a maximum of £10,000 to cover the cost of improvements. Tradespeople will need to be registered for the TrustMark accreditation for their work carried out to be covered in the scheme.