Laura Sharman 22 March 2018

Three areas chosen to share £300m housing investment

Three areas chosen to share £300m housing investment image

Greater Manchester, the West of England and Oxfordshire are to receive almost £300m funding from the Government to deliver thousands of new homes.

A housing deal worth £215m has been agreed with Oxfordshire to deliver 100,000 new homes by 2031, while Greater Manchester will receive £68m to deliver 227,200 homes by 2035.

Investment in the West of England will deliver 7,500 homes a year, double the number of new homes being delivered historically.

The Government also announced that a further 44 areas have been shortlisted to receive investment from the Housing Infrastructure Fund.

Housing secretary, Sajid Javid, said: ‘This new housing investment in Greater Manchester, the West of England and Oxfordshire will help build much-needed homes, giving more people the opportunity to get on the property ladder.

‘We’re also investing in local infrastructure like schools, roads and hospitals, so that we can help unlock even more new homes in the areas where they’re needed most and build a Britain fit for the future.’

Cllr Bob Price, chair of the Oxfordshire Growth Board, said: ‘The government has said the deal represents a ‘downpayment’ on a pipeline of infrastructure investment for Oxfordshire – and we in the county will work with them to ensure that happens.’

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