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Get Britain Building
Posted on: 21 March 2012
By: isadm
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Filed under: News
A £420m fund to Get Britain Building was announced on 21 November 2011 by the Prime Minister and Deputy Prime Minister as part of the Government’s Housing Strategy for England. 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. The fund was increased by a further £150m to £570m on 19 March 2012. With the additional investment, the Homes and Communities Agency 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. Details of the scheme and the shortlisted sites are available online.
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