A £180 million fund to build over 17,000 new homes on disused brownfield sites has launched, with local authorities invited to bid for a share of the first £40 million to be released.
The fund, announced by the Department for Levelling Up, Housing and Communities on 8th July, follows a previous £77 million fund that saw 7,750 new homes built on brownfield sites nationwide. The Brownfield Land Release Fund 2 will make £180 million available to local authorities in England to regenerate derelict sites for around 17,600 new homes. The support is also expected to support around 54,000 jobs over the next four years.
Minister for Government Efficiency Jacob Rees-Mogg said:
Opening up this land is a fantastic opportunity for regeneration, improving government efficiency and playing a vital role in tackling the housing shortage while increasing home ownership. I am pleased to see this work is being delivered, after many attempts over the decades.”
“This will provide a boost to the economy, foster the creation of thousands of jobs, and it is also the opportunity to convert derelict and unloved land into beautiful new hamlets or villages, which will give many young families their first step on the housing ladder.”
The fund aims to support the transformation of small council-owned sites that have been previously developed, by funding small scale infrastructure and remediation work to enable the release of the land for new homes.
The new fund will be delivered through the One Public Estate partnership between the Department for Levelling Up, Housing and Communities, the Office of Government Property and the Local Government Association.
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