Following a strong response from the sector, the Homes & Communities Agency (HCA) has published the shortlisted schemes for the £570 million 'Get Britain Building' programme.
The programme aims to unlock stalled sites with planning permission to support construction activity and restart work on sites delivering more than 15,000 new homes. It is intended to address difficulties in accessing development finance faced by some housebuilders and to help bring forward marginal sites by sharing risk.
Following a strong response from the sector, the fund, initially set at £420 million in November 2011, was increased by a further £150 million to £570 million in March 2012.
With the additional investment, the HCA has now shortlisted 224 schemes that will be invited to take part in a thorough due diligence process. These schemes underwent an initial assessment by the HCA - looking at value for money, deliverability and fit with local priorities.
For further details, including the programme's shortlisted schemes, click here.
