Property News > New garden towns set to receive cash boost to deliver new homes

New garden towns set to receive cash boost to deliver new homes

The government has announced plans to inject £9 million into a project which will quicken the process of the locally led development of new garden towns and villages across England.

Around 200,000 properties on large sites are set to be delivered by 2050, overseen by the Garden Communities project. The latest funding will go towards getting 21 sites primed for development.

The government-backed project is designed to provide financial assistance to ambitious councils as they bid to produce well-designed homes on large sites. The financial input will cover much of the planning and technical costs.

Around 10,000 properties are already under construction in garden towns and villages across the country, and this figure is expected to rise to 36,000 by 2022, with several thousand completions in the meantime.

‘We have not built enough homes in this country for the last three decades, and we are turning that around as we work towards our target to build 300,000 properties a year by the mid-2020s,’ said Housing Minister Kit Malthouse.

‘This £9 million funding boost is giving councils the support and cash injection they need so they can finish planning new developments and get diggers on site,’ he added.

One of the developments receiving a share of the funding, which will be administered by Homes England, includes a site large enough for 2,000 homes in Bicester, on land purchased by the council from the Ministry of Defence.

Sites in Basingstoke, Didcot, Taunton, Harlow-Gilston and across Northamptonshire, where the first phase of developments is already underway, are also receiving significant cash sums.

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