CAPITAL CORP. SYDNEY

73 Ocean Street, New South Wales 2000, SYDNEY

Contact Person: Callum S Ansell
E: callum.aus@capital.com
P: (02) 8252 5319

WILD KEY CAPITAL

22 Guild Street, NW8 2UP,
LONDON

Contact Person: Matilda O Dunn
E: matilda.uk@capital.com
P: 070 8652 7276

LECHMERE CAPITAL

Genslerstraße 9, Berlin Schöneberg 10829, BERLIN

Contact Person: Thorsten S Kohl
E: thorsten.bl@capital.com
P: 030 62 91 92

£55million Homes England grant funding to boost development of 4,000 homes

News

Homes England has agreed funding deals with 12 local authorities to deliver 4,000 homes across England. The funding totalling £55million has been awarded through the Government’s £450 million Local Authority Accelerated Construction (LAAC) Programme and will support local authorities with a range of work required to prepare their sites for the development of new homes such as infrastructure enabling works, planning and technical expertise and site remediation.

The LAAC programme prioritises the use of modern methods of construction, which will increase the pace of delivery across the developments by an average of 40 percent.

The funding will be used to kick start the development of 4,000 new homes across England, including 1,400 at a 400 acre site at Horton Heath, Eastleigh. Eastleigh Borough Council purchased the site in 2018 and the development will benefit from £20.8million of LAAC funding to accelerate the delivery of a mix of one, two, three and four bedroom homes, including a minimum of 30 percent affordable housing.

 

Local authority Amount of funding Number of Homes
Eastleigh Borough Council £20,800,000 1,400
Gateshead Council £1,824,859 191
Newcastle City Council £2,397,918 171
City of York Council £1,466,800 162
Medway Council £732,134 115
Borough Council of King’s Lynn & West Norfolk £1,065,548 82
High Peak Borough Council £467,688 83
Leicestershire County Council £13,247,311 1,083
Pendle Council £1,149,808 200
South Norfolk Council £7,803,000 350
Dorset Council £ 2,503,836 111
City of Lincoln Council £2,132,376 52

Element Finance provides free impartial advice. If you are interested in raising finance please do not hesitate to contact us on 01454 318339.

Email: info@elementfinance.co.uk

Website: www.elementfinance.co.uk

Post a comment