New homes investment for Berkshire
The Homes and Communities Agency (HCA) has announced a significant investment is to be made in housing in Berkshire, with Wokingham Borough Council receiving additional funds to create more high-quality homes, as well as making improvements to local infrastructure and facilities.
Up to 10,000 new homes are to be built across the county over the coming decade, with the £2.5 million funding to be focused on four specific Strategic Development Locations in order to prepare them for expansive works during the next three years.
The area is one of just two in the UK that has witnessed this form of funding to date - the other is the Cranbrook development in Essex.
Colin Molton, HCA executive director for the south and south-west, added: "The government has shown its commitment to housing and development as a major route to driving economic growth and we welcome the confidence ministers have shown in our ability to deliver its key initiatives, supported by new investment."
He added that this is an "exciting time" for Wokingham and the additional funding represents a real opportunity for maximising the delivery of new homes in the borough over the years ahead.
The news follows an announcement by planning minister Mark Boles earlier this week that local authorities across the UK are to benefit from cashback grants to help facilitate new housing projects in their area.
It is hoped that funds of up to £17 million will be made available under the initiative over the coming year, with the money to be used to open up neighbourhood planning for the delivery of large-scale developments.
It will provide a major boost to councils over the coming months as they begin to get to grips with the new powers that are to be afforded to them under the new Localism Act.
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