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28/09/2018

Funding window opens to unlock surplus public land

Words: Huw Morris
Brown envelope with money

A £15 million fund is now open to bidders to enable the public sector to build homes.

The latest funding round of One Public Estate, a partnership between the Local Government Association (LGA), the Office of Government Property within the Cabinet Office and the Ministry of Housing, Communities and Local Government (MHCLG), will see the programme place particular emphasis on unlocking surplus public land for housing supply.

New and established partnerships are invited to apply.

This year’s fund comprises £12 million in grant funding with £3 million allocated as a “recyclable” grant to be returned to the programme within three years and reinvested in future projects.

One Public Estate, which was launched in 2013, now works with 318 local authorities in 76 partnerships on 450 projects to transform local communities and public services.

By April 2020, current partnerships are set to release land for 25,000 homes, create 44,000 jobs while raising £615 million in capital receipts and cutting costs by £158 million.

Further details are available here

Image credit | iStock 

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