Brownfield land fund to create thousands of new homes

Thousands of new homes are to be created in England by making use of derelict and underused brownfield sites.

 

Councils are now able to apply for a share of the new £180 million Brownfield Land Release Fund 2, which will help to transform disused urban areas into 17,600 new homes and create around 54,000 jobs over the next four years.

 

An initial £40 million is available to support local regeneration projects, releasing council land for around 4,000 new homes.

 

The remaining £140 million will be made available to councils over the next two years.

 

The scheme forms part of the government’s plan to level up communities across the country and turn unloved areas into new places for people to live and work.

 

The fund aims to support the transformation of small council-owned sites that have been previously developed, by funding small scale infrastructure and remediation work to enable the release of the land for new homes.

 

The first Brownfield Land Release Fund saw £77 million go to councils across the country to release brownfield sites for around 7,750 new homes.

 

As with the previous scheme, the new fund will be delivered through the One Public Estate partnership between the Department for Levelling Up, Housing and Communities, the Office of Government Property and the Local Government Association.

 

Councils will be able to draw on their understanding of local needs in determining the type, tenure and delivery approach for the new homes.

 

Please contact us for more information about the issues raised in this article or any aspect of buying and selling a home.

 

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