Posts tagged Mark Prisk

£32m investment to unlock 5,000 jobs

£32m investment to unlock 5,000 jobsProposals to create thousands of new homes and jobs in Devon have been backed by the Government to invest £32 million in the project to get the first phase of work underway.

The investment from the Homes and Communities Agency (HCA) is intended to unlock the development of the long-awaited new community of Sherford, which is anticipated to bring 5,500 new homes and create 5,000 jobs.

The development is expected to generate around £1billion in development expenditure to the area and provide an economic boost worth around £2billion.

Subject to the agreement of legal terms, the investment would be used by a development consortium led by Red Tree to start work on the development and begin a series of important road and utilities improvements to accommodate the early phases of house building.

The funding, unveiled by housing minister Mark Prisk, is set to kick-start construction of houses and community facilities at the new town of Sherford.

The scheme will also include 893,000 sq ft of employment space as well as schools, a town hall, swimming hall and community park.

Colin Molton, HCA executive director for the South and South West, said: “The new community of Sherford is an incredibly important project, because it will go a long way towards meeting the significant need for new homes in Devon and Plymouth and provide a major boost for the economy.

“It is a complex development, which has taken years to bring to this stage. It is fantastic news that investment has been approved which will support the development of the sustainable new community of Sherford. I look forward to seeing work start on the project soon.”

Plymouth City Council leader Tudor Evans added: “For every home built, one and a half permanent jobs are created. This is not just good news for the construction industry, it’s good for the wider supply chains and the businesses and shops that will all begin to see new customers as this new community begins to take shape.”

What is your reaction to the £32 million of investment that will unlock 5,000 jobs in the trades? Share your thoughts by commenting here or raise your voice on our Facebook and Twitter pages. 

Housing Minister reveals funding to speed up building of new homes

Housing Minister Mark Prisk Reveals new fundingThe housing minister, Mark Prisk, said to bring forward the development of 6,300 new homes by providing fresh funds to support the building industry.

The Minister announced £20 million of fresh investment to accelerate the construction of 6,300 homes at the new town of Cranbrook in East Devon, paving the way for employment opportunities in the trades and boosting the construction sector.

Mr Prisk visited the new community of Cranbrook to see first-hand how a partnership approach to development is reaping impressive results from government investment.

Aside from the construction of new homes, he also announced that the money would be used to deliver the roads and infrastructure needed to develop a new town centre, with the remaining funds supporting the construction of a new secondary school and a second primary school as part of the next phase of Cranbrook’s development.

This investment in infrastructure is expected to accelerate the pace of the delivery of new homes from 300 a year to up to 500.

Today’s announcement is the first allocation of £225 million earmarked by the chancellor in his Autumn Statement for the delivery of 50,000 new homes in large, locally-supported housing programmes.

The funding programme for planned, large-scale sites, administered by the Homes and Communities Agency, will be targeted at schemes that are struggling to move forward because of the current economic climate.

Housing Minister Mark Prisk said: “This government is serious about building more homes. That’s why we have been looking carefully at how we can accelerate large, planned housing schemes that already have the support of local people, but need help to move forward in the current economic climate.

“So I’m delighted that today I can announce our intervention will help unlock the delivery of over 6,000 new homes in Cranbrook, and create thousands of jobs for local people.

“In the months ahead I will be announcing support for similar schemes. That means more investment, more jobs for our young people and more affordable homes for families across the country.

“We have set aside considerable funding to assist large housing programmes like Cranbrook, and I would urge anyone with similar proposals to come forward and contact my department.”

What is your reaction to the new funding announced by Housing Minister Mark Prisk that will create new jobs and boost the trades? Share your thoughts by commenting here or raising your voice on our Facebook and Twitter pages.

£1bn council housing boost reaches out for new trade jobs

Housing minister Mark Prisk has announced a £1 billion investment package to improve council homes across England that will provide work for thousands of tradesmen.

The new funding could bring over 86,000 homes up to a decent standard, paving the way for new trade jobs in the building construction industry.

It is the latest round of funding under the Decent Homes Programme which aim is to help councils bring their homes up to a decent standard, from fitting new roofs and windows to updating kitchens or heating systems.

Mr Prisk said that this new construction and skilled work would provide a shot in the arm for thousands of local businesses and tradesmen, supporting the Government’s measures to boost British jobs and the economy.

The Minister said that spending money earlier would help boost local employment as early as possible, as well as delivering home improvements for tenants ahead of schedule.

Mr Prisk said: “By improving this country’s council homes we will transform many families’ lives for the better, bringing their living standards up to scratch ensuring that their home is the safe haven it is meant to be.

“But the benefits of the £1 billion I’ve confirmed today reach far beyond tenants themselves and into the local economy.

“With every pound spent on improvements boosting local business, creating new jobs and supporting local spending, I want to see councils realising the benefits of this cash as soon as possible.”

What is your reaction to the newly announced £1 billion investment programme set to improve thousands of council homes, boost the trades and create new jobs? Share your thoughts by commenting here or raising your voice on our Facebook and Twitter pages.

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