Reading West MP Alok Sharma has welcomed confirmation from Housing Minister Kit Malthouse MP that the Ministry for Housing, Communities and Local Government has approved £6 million of money from the Government’s Housing Infrastructure Fund for regeneration works at the Dee Park Estate.
The funding will be used to help complete the third and final phase of the regeneration works to the Dee Park Estate including the replacement of the Ranikhet Academy School (primary school and nursery) and a range of improvements to the public space. This is intended to provide a further 190 new homes with 148 for private sale and 42 for affordable rent. The project has been approved following funding clarification and will move into funding shortly.
Writing this week to Alok to confirm the funding, Housing Minister Kit Malthouse MP noted: “I am pleased to be able to inform you that following the conclusion of funding clarification, the scheme has received final approval. Once the local authority has agreed to the contract and met relevant conditions, the scheme will move into payment. Thank you for supporting the delivery of homes in your constituency.”
Alok said: “Since 2010 Conservatives in government have delivered over 1.3 million additional homes across the country, including over 400,000 affordable homes. In the latest year we have helped deliver over 222,000 additional homes, the highest level in all but one of the last 31 years.
Alok added: “I know as a local MP, and from my own time as Housing Minister, how important it is for local communities that new housing is accompanied by new or upgraded infrastructure. So I am pleased that we’ve more than doubled our Housing Infrastructure Fund to £5.5 billion in total, to deliver key infrastructure to build more homes such as schools and roads and we are seeing the benefit of that funding at schemes like the Dee Park Estate regeneration in my constituency.”