West Midlands housing projects boosted by £58m cash injection
The West Midlands is in line for a near £58m funding injection to help kickstart new housing and regeneration schemes.
The £57.7m committed to the region is part of the government’s latest £866m investment through the £5bn Housing Infrastructure Fund.
In total, 133 council-led projects across the country will receive funding intended to support local work that will make housing developments viable and get much-needed homes built quicker.
This latest investment and will fund key local infrastructure projects including new roads, cycle paths, flood defences and land remediation work, all essential ahead of building the homes.
In the West Midlands, the projects to benefit are:
• Coventry – Eastern Green development (£12.7m)
• Shropshire – Western Shropshire Interchange; unlocking the Marches Gateway (£9.3m)
• Stoke-on-Trent – Burslem town centre (£10m)
• Stratford-upon-Avon – Long Marston Airfield Garden Village (£13.4m)
• Warwick – Kenilworth education and growth (£9.6m)
• Wyre Forest – Chruchfields Urban Village; highway infrastructure (£2.7m)
Chancellor of the Exchequer, Philip Hammond, said the funding would help to realise government plans to build 300,000 new homes each year.
Local Government and Housing Secretary Sajid Javid said: “Our priority is building the homes this country desperately needs.
“This first wave of investment totalling £866m will help get up to 200,000 homes off the ground, making a huge difference to communities across the country.”
