Housing Minister John Healey today announced that a further £83m of government money will be used to get housebuilders building again.
Low cost homes for sale on sites across every region of the country are getting support today so more families can take their first step onto the housing ladder through the Government’s HomeBuy scheme.
The cash will see nearly 5,7000 homes started and will also safeguard over 1,700 jobs within housebuilding.
As part of the Government’s drive to make new homes cleaner and greener, priority has been given to those schemes which are set to meet high environmental standards, with the overwhelming majority of successful schemes meeting at least Level 3 of the Code for Sustainable Homes.
Healey has already given 141 projects mothballed by the recession cash to get back on track and workers are back on site on many of these.
He said: “We’re putting the weight of Government investment into building much-needed affordable homes, keeping people in work and giving young people a chance of apprenticeships.
“That’s why today I’m allocating £83 million to get 87 stalled developments across the country up and running again, creating 1,700 jobs and giving more than 2,200 first-time buyers the chance to take an affordable step onto the property ladder.
“In this recession, the Government has not stepped back and left the homes and jobs we need to the market. We’re using public funding to keep Britain building through the downturn.”
More than £3.6 bn has been allocated for housebuilding since June, funding nearly 68,000 new homes.