Government releases funding to kick-start building

Housing minister Mark Prisk has unveiled £225m government funding to help to get stalled building sites across the country back into action.

The money is part of the £474 million Local Infrastructure Fund, which is designed to stimulate economic development across the country, however, this particular announcement will focus specifically on ‘shovel-ready’ projects.

Prisk said he wants councils and developers with large-scale, locally supported stalled developments to make the most of the government help available to get builders back to work.

“With funding on offer in the form of recoverable loans, this is a win-win for the taxpayer – delivering thousands of homes and getting more bang for our buck.”

About Fiona Russell-Horne

Group Managing Editor across the BMJ portfolio.

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