Four councils in the county of Northamptonshire have just recently received additional funding for government housing efforts. The county has received an additional £ 1.1M in additional funding in order to improve on current housing projects, speeding up progress and allowing for additional government housing projects.
Gavin Barwell, Housing minister MP made the announcement on the 28th of March, a Tuesday. He added that 98 local authorities will share the overall pot, totaling to the accumulated value of £ 16.5M. Out of that amount £ 1.1M will be distributed to four councils in Northamptonshire, namely, Corby, East Northants, Kettering and Wellinborough.
The minister has stated that this massive investment is to help the councils, giving them the necessary resources needed to deal with the many issues that can plague construction projects, and get the necessary manpower; builders, painters and decorators Northampton, and to give the council the tools they need to handle the broken housing market. Which the minister has said can be fixed by erecting more homes in desirable real estate locations.
The additional money is part of the ‘capacity fund’ which was launched sometime in November last year. This additional funding is part of efforts to aid with the housing issues of Northampton and its city councils. With these newfound resources, up to 800,000 new homes could be built nationwide, providing much needed housing, alleviating the market, aiding local infrastructure and providing jobs all over the country.
The funding will be used on specific construction projects, particularly large sites of 1,500 units or more, as well as Housing Zones, projects aimed at prioritizing developing brownfield land.
To further alleviate issues with funding, developers can also apply to receive funding taken from the Home Building Fund, which totals to £ 3 B.
Council leader for Kettering, Russell Roberts has expressed appreciated the announcement, stating that this funding will allow the partner councils to strengthen their efforts for the housing market, hire the necessary people like builders, painters and decorators Northampton, and take whatever steps necessary to ensure the housing issues plaguing the area are dealt with, by constructing new homes of the highest quality.