A new prospectus will be published shortly inviting councils and communities to identify opportunities for locally planned large scale development, which will take advantage of streamlined planning processes, giving communities a stronger say and developers greater certainty.
Where there are existing building sites that have stalled, a £400m Get Britain Building funding pot will enable housebuilders to restart construction, helping to deliver up to 16,000 new homes on sites that already have planning permission, but have been shut down because of economic conditions.
The new support on offer will also benefit self builders, an industry often assumed to be out of reach for some, but one that is increasingly popular and already worth £3.6 billion for the national economy. The Government has announced £30 million additional funding to support provision of short term project finance on a repayable basis.
Councils will receive support to work with local people and bring forward plans for larger custom-built housing projects.
All these measures will be supported through the New Homes Bonus, which will ensure that those areas which are growing have the resources to meet the needs of their new residents and existing communities.
