Alok Sharma MP has welcomed the announcement today of £6,000,000 for Dee Park Regeneration – phase 3 in Reading.
The Government has announced £866 million investment in local housing projects to help get up to 200,000 extra homes built. In Reading this could deliver 190 homes by 2022.
This funding will support local work that will make housing developments viable and get much-needed homes built more quickly. Without this financial support these projects would struggle to go ahead or take years for work to begin.
The Government is committed to building 300,000 homes a year by the mid-2020s so more people are able buy a home of their own. The funding announced today is the first wave of funding from the £5 billion Housing Infrastructure Fund which is part of the Government’s comprehensive programme to fix the broken housing market that has left too many struggling to afford a place of their own.
This latest investment and will fund key local infrastructure projects including new roads, cycle paths, flood defences and land remediation work, all essential ahead of building the homes.
Alok Sharma MP commented:
“It’s great news that Dee Park Regeneration – phase 3 has been allocated £6,000,000 from the Government’s Housing Infrastructure Fund to support local work in my Reading West constituency, so we can help ensure we build the homes people need more quickly. This funding could lead to up to 190 homes being delivered by 2022”
“The Government is determined to build the right homes in the right places and help the next generation to get the keys to a home of their own.”
Chancellor of the Exchequer, Philip Hammond, said:
“Today marks the first step of the multi-billion pound investment we announced at the Budget to help build the homes our country needs.”
“This fund finances vital infrastructure such as roads, schools and bridges, which will kick-start housing development in some of Britain’s highest-demand areas.”
Housing Secretary, Sajid Javid, said:
“Our priority is building the homes this country desperately needs.”
“This first wave of investment totalling £866 million will help get up to 200,000 homes off the ground, making a huge difference to communities across the country.”
“This is just one of the many ways this Government is taking action to get Britain building homes again.”