Local Authorities are being offered a piece of the pie from the new £18 million ‘Capacity Fund’ launched to help speed up house building on large brownfield sites.
So what are you waiting for? If you are a local authority looking to build new homes in your area find out how you can get your piece of the pie!
What is the ‘Capacity Fund’?
The new £18 million ‘Capacity Fund’ is a pot of money which will be used to tackle planning issues that cause delays to construction. The aim of the fund is to speed up house building on large sites to deliver homes in areas where people want to live.
Who is the ‘Capacity Fund’ aimed at?
The fund is primarily aimed at larger sites of 1,500 units or more and Housing Zones that support development on brownfield land.
Six new Housing Zones will be created to enable Local Authorities working with private developers to build 10,000 new homes.
The six new Housing Zones are:
- Wirral Waters Housing Zone, Merseyside
- Pennine-Lancashire Housing Zone, with sites in Blackburn and Burnley
- Hoyland-Wombwell Strategic Housing Zone, Barnsley, South Yorkshire
- Sheffield Housing Zone, South Yorkshire
- North East Lincolnshire Urban Housing Zone, with sites in Grimsby and Cleethorpes
- Sandwell Housing Zone, Sandwell, West Midlands
Who can apply for the ‘Capacity Fund’?
Local authorities will be able to bid for a share of the fund to help resolve planning issues that hold up construction on these large sites.
For further information and to obtain a sample bidding template to help you apply for the funds check out the ‘Large sites and Housing Zones Capacity Fund: Guidance for Local Authorities’.
Some local Authorities are already making use of similar funds including Sheffield City Council who secured an extra £675,000 of funding to create a £1.3million scheme to make brownfield land more attractive to developers.
So what are you waiting for? Get yours before the funds run out!
Please Note: Every care was taken to ensure the information in this article was correct at the time of publication. Any written guidance provided does not replace the reader’s professional judgement and any construction project should comply with the relevant Building Regulations or applicable technical standards. However, for the most up to date LABC Warranty technical guidance please refer to your Risk Management Surveyor and the latest version of the LABC Warranty technical manual.