5 November 2009
A government programme for reviving private house building has received £388m to fund 115 schemes.
The grants, announced on October 29, take the total allocated through Kickstart to more than £450m. Once work restarts, the funding should lead to more than 11,000 homes being built – with half being used for low-cost sale or rent.
A total of 152 projects were approved in round one of the programme. A second round is about to get under way, which will be worth more than £500m – most of which will be repaid to the Exchequer.
Housing minister John Healey said some developers failed the scheme’s value for money test, but added he was ‘encouraged’ that others said they no longer needed help ‘because market conditions are improving’.
A government programme for reviving private house building has received £388m to fund 115 schemes.
The grants, announced on October 29, take the total allocated through Kickstart to more than £450m. Once work restarts, the funding should lead to more than 11,000 homes being built – with half being used for low-cost sale or rent.
A total of 152 projects were approved in round one of the programme. A second round is about to get under way, which will be worth more than £500m – most of which will be repaid to the Exchequer.
Housing minister John Healey said some developers failed the scheme’s value for money test, but added he was ‘encouraged’ that others said they no longer needed help ‘because market conditions are improving’.
