A commitment to spend £1.5bn to provide more affordable housing has been made by the Prime Minister as part of the government’s Building Britain’s Future programme.
Half of the new money will come from the Department for Communities & Local Government and the rest from savings in other areas of government.
The Prime Minister has also urged the housing sector to work with Government on delivering its goals to provide more housing.
Gordon Brown this morning announced plans to build more affordable housing by targeting investment worth £1.5 billion over two years to deliver 20,000 new affordable homes and create 45,000 jobs in construction and related sectors.
He said: “Despite the difficulties we have in this world recession, we want to make sure that we in Britain can build housing and ensure there is investment where there’s not investment at the moment. We are determined to work with (the housing industry) to make for a better housing system for the future. We value the fact that we can work together and we want to see a better relationship in the future.”