£22 Million Boost for Housing in Lincolnshire
Lincolnshire’s housing sector has received a boost in the shape of more than £22 million of Government funding to help pay for new homes.
Grants announced yesterday (Thursday) from the Housing Infrastructure Fund worth a total of £22,447,763 will support five Lincolnshire housing developments:
Sleaford West Quadrant £2 million
Boston Quadrant £3.5 million
Lincoln Spa Road £2.8 million
Northern Spalding Sustainable Urban Extension / Section 5 Spalding Western Relief Road £12 million
Gainsborough Southern Urban Extension £2.1 million
The money is part of an overall capital grant of £2.3 billion to help build 100,000 homes across the country with an emphasis on areas of greatest housing demand.
Last year local councils were asked to submit bids of up to £10 million for either a single item of infrastructure which would unlock one or more housing sites or multiple items of infrastructure to unlock homes in a specific location.
The fund is intended to deliver new physical infrastructure, make more land available for housing in high demand areas, support ambitious local authorities who want to make a meaningful difference to overall housing supply, and enable councils to recycle the funding for other infrastructure projects in order to deliver more new homes in the future.
“This is brilliant news for Greater Lincolnshire and a shot in the arm for our housing sector,” said Ursula Lidbetter, Chair of the Greater Lincolnshire Local Enterprise Partnership.
“Greater Lincolnshire is no different to the rest of the country in that we have a high demand for housing. Together our local authorities have a target to build 100,000 new homes in the long term.
“This new funding from the Government gives that aspiration a boost and we look forward to seeing these new housing schemes brought to completion.”
For more information visit https://www.gov.uk/government/publications/housing-infrastructure-fund
Notes for editors:
- The Greater Lincolnshire LEP was set up in 2010 and works with businesses and local authorities to develop and grow Greater Lincolnshire’s diverse economy.
- It is a public / private partnership led by the private sector.
- It works with central government and the private sector to invest in infrastructure, skills, innovation and productivity.
- More than 100 businesses are involved in its strategies, and 80 business people sit on its boards.
- The LEP has an ambitious and balanced strategic economic growth plan for Greater Lincolnshire.
- The LEP’s six priority sectors are agrifood, the visitor economy, manufacturing, logistics, health and care and low-carbon energy.
- The LEP has invested £307 million in local economic growth schemes in Greater Lincolnshire since 2014.
- The Greater Lincolnshire LEP covers an area including North Lincolnshire, North East Lincolnshire and the administrative county of Lincolnshire and is led by a LEP board made up of leading figures in the public and private sector.
- To find out more visit www.greaterlincolnshirelep.co…. or follow the LEP on Twitter: @greaterlincslep.
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