The Department for Levelling Up, Housing and Communities has announced that derelict land is to be used to create thousands of new homes, delivering thriving new communities and helping with the mission to level up the country.
Funding of almost £35 million from the Brownfield Land Release Fund has been allocated for 41 different councils around the country, to allow them to kickstart the regeneration of their towns and cities.
Rt Hon Lucy Frazer, Minister for Housing, said:
“We are helping local communities transform unwanted, urban eyesores into thriving places that people are proud to call home.
“Regeneration is at the heart off our levelling up mission and this new brownfield first fund will help communities across the country unlock disused, council-owned sites to build more of the right homes in the right places.”
Not only will this scheme bring more than 2,200 new homes into the fold for people looking to get onto the property ladder, over 800 of these will be affordable, supporting the government’s target to deliver 300,00 new homes a year. The projects around the country are also expected to generate up to 7,000 new jobs in housing and construction, further helping the mission to level up communities.
Cabinet Office Minister Alex Burghart said:
“This funding is absolutely crucial for stimulating growth and forms part of a push across the whole of government to get the UK economy moving.
“Unused land such as this is ripe for investment and I’m thrilled we’re opening the door for more than 2,200 new property owners to potentially take their first step onto the property ladder.
“This funding is great news for businesses, its great news for industry and it’s even better news for local people in these communities who are seeing housing and jobs moving.”