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18/08/2014

Large housing schemes shortlisted for funding

Housebuilding

A raft of large-scale housing projects have been shortlisted to receive £850m of government loan funding for infrastructure needed to kickstart the schemes.

The cash is for the first wave of projects to benefit from a £1 billion 5-year scheme, which is designed to help build 200,000 homes across the country.

Communities secretary Eric Pickles has published a shortlist of the 36 schemes of at least 1,500 homes, which he said were critical in creating momentum in the housebuilding sector.

Sites include Greenwich Peninsula in South East London, which will help provide nearly 10,000 new homes, and Ebbsfleet Eastern Quarry, with 3,500 homes.

The £850 million is to build the infrastructure needed to provide schemes, such as road improvements, schools and parks to support the extra homes being planned.

The 36 projects will go through a due diligence process before receiving the funding.

Pickles said: “We are supporting locally-led development, and this £1 billion programme will help unlock or accelerate over 200,000 new homes across the country. This is part of our wider package of housing programmes to support home ownership, increase investment in the private rented sector and further increase house building.”

The long term loan funding will be available between 2015 and 2020, and the large sites infrastructure programme also includes £12.5 million capacity funding and expert planning and technical support for councils dealing with large-scale sites.

The full list of projects:

  • Greenwich Peninsula in South East London - 10,000 homes
  • Former Rugby Radio Station site - 6,200 homes
  • Monkton Heathfield development outside Taunton - 4,500 homes
  • DN7 initiative in Doncaster - 3,000 homes
  • Bishop Stortford North development in East Hertfordshire - 2,200 homes
  • New Lubbesthorpe development in Leicester, - 4,000 homes
  • North Wellingborough, to help provide 3,000 new homes
  • Arborfield Garrison in Wokingham - 2,000 homes
  • Langarth development in Truro - 1,500 homes
  • Cheeseman’s Green development in Ashford - 1,500 homes
  • Dallington Grange development in Northampton - 3,400 homes
  • Lawley Village in Telford -2,500 homes
  • Newcourt Urban Extension in Exeter, - 2,000 homes
  • East Kettering development - 5,500 homes
  • Hunts Grove in Gloucester - 1,750 homes
  • Barwell development at Hinckley and Bosworth -2,500 homes
  • Branston Locks development in East Staffordshire - 2,500 homes
  • Festival Gardens site in Liverpool - 1,500 homes
  • Bath Riverside development - 1,900 homes
  • Colchester North Growth Area Urban Extension - 1,600 homes
  • Weston Airfield development in North Somerset - 2,500 homes
  • Ebbsfleet Valley - 3,500 homes
  • Overstone Leys development in Daventry - 2,000 homes
  • North West Bicester development - 5,500 homes
  • Houghton Regis North Site 1 – 5,150 homes
  • Welborne development at Fareham - 5,400 homes
  • Middle Deepdale development at Scarborough - 2,300 homes
  • Thetford North development in Breckland - 5,000 homes
  • Acton Gardens in Ealing - 2,500 homes
  • Lincolnshire Lakes development in Scunthorpe - 3,500 homes
  • Whitfield development in Dover - 5,700 homes
  • Beaulieu development in Chelmsford -3,600 homes
  • Bela Priors Hall development in Corby - 3,000 homes
  • Alphington development near Exeter - 1,500 homes
  • Wood Wharf development in London - 3,000 homes
  • West Witney development in Oxfordshire - 1,500 homes

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