£45 million of housebuilding funding
Housing and Planning Minister Dominic Raab has announced a £45 million cash injection into key community projects across the country, helping to facilitate the building of thousands of new homes.
The funding – allocated by the central government to help boost Britain’s housebuilding industry – will be distributed to 79 projects across the country. The aim is to support local councils in completing the necessary infrastructure work to unlock viable council-owned land and the building of 7,280 new homes.
The investment into the Land Release Fund is designed to help local councils open up enough council-owned land to build 160,000 homes by the end of the decade and support the government’s pledge of building on average 300,000 homes every year by the mid-2020s.
Projects already set to benefit from the funding include a site in Paignton, Devon where 200 homes are set to be built, in addition to a strategic council-owned site in Lancashire which will unlock land for more than 300 homes.
“This is fantastic news not just for housebuilders, but for stretched local councils who now have the funding in place to complete any necessary works to re-purpose dormant land for housing,” Jade Greenhow, general manager at Insight Data, said. “With the funding now earmarked and councils already preparing sites for development, it’s important that businesses within the fenestration and building products industries ramp up their marketing to avoid missing out on this incredible demand.
“By creating a high-impact, professional campaign through email marketing or direct mail, product manufacturers, fabricators and installers can get in contact with housebuilders, developers and even architects and effectively promote their products and services before specification or any work takes place.”
Using real-time data, Insight provides up-to-date business information, contact details and credit ratings for more than 60,000 potential customers. Through their five key databases, the firm provides information on housebuilders, local builders, main contractors, architects and businesses within the glazing industry.