Posts tagged short-term loans
Housing Minister Grant Shapps has given the green light to a £30 million investment programme which will enable aspiring builders to build their own homes, offering exclusive access to funding and Government-owned land in seven locations across England.
The announcement is an attempt by the government to tackle country’s housing crisis and boost economic growth. The £30 million scheme will offer short-term loans and funding to builders, community groups and other small organisations looking to start self-build projects.
Commenting on the building investment programme, Housing Minister Shapps said: “I’m delighted to be able to announce the first seven sites with plots available exclusively for self-builders, as well as £30 million to offer short-term loans to help communities get their projects off the ground.
“This first-ever package of self-build support will help to achieve our goal to double the size of the industry over the next few years, but I want us to go further still. The new national planning rules require councils to consider the needs of self-builders in their area, and I would urge authorities across the country to look to Cherwell and the innovative work there as an exciting example of how this can be achieved.”
Public sector land for up to 60 homes will be made available in Cornwall – making it the nation’s first-ever large-scale self-build plot.
Mr Shapps praised the work of councils across the country that are looking to give as many local people as possible the opportunity to build their own homes – including on dedicated sites.
The Planning Minister also confirmed the rest of the sites which will be made available for builders to bid. They are:
- Kingsweir and Torpoint, Bristol
- Spencers Park, Hemel Hempstead
- Pleasley Colliery, Bolsover
- Upper Tuesley Milford, Surrey
- Wilson Road, Hanford, Stoke-on-Trent
- Chase Avenue, Walton Park, Milton Keynes
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