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Government to invest £142m in infrastructure to support 8,500 new homes

The government has announced plans to invest £142m to unlock development sites in Cornwall and Surrey, which will see 8,500 new homes built.

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Picture: Getty
Picture: Getty
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Government to invest £142m in infrastructure to support 8,500 new homes #ukhousing

The Ministry of Housing, Communities and Local Government has agreed £95m in funding for road improvements in Woking and £47m for similar work in Truro.

The money will come from the government’s Housing Infrastructure Fund.

The £95m investment in Woking will go towards widening Victoria Arch Bridge, as well as further road improvements and acquisition of land and connecting utilities. The fund will allow up to 4,500 new homes in the town.

The £47m investment in Truro will see new road links built, including a new northern access road connecting the A390 to the Royal Cornwall Hospital, and will allow for the development of 4,000 new homes.

Housing minister Kit Malthouse said: “For decades governments of all stripes and types have not built enough new homes but we are turning that around, brick by brick.


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“We are driving to create homes, opportunities and thriving communities – and this £142m investment will mean we can build more of the properties our country so badly needs.

“We need to keep upping our game and build more, better [and] faster if we are to meet our ambition to deliver 300,000 homes a year by the mid-2020s.”

Announced by chancellor Philip Hammond in November 2016, the £5.5bn Housing Infrastructure Fund aims to provide cash to help free up sites that need infrastructure investment such as new roads or utilities. The fund forms part of the government’s strategy to build up to 300,000 new homes per year.

In April, Inside Housing revealed that a number of councils had seen their funding bids declined despite being included on the list of councils named by the government to receive funding.

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