• Home
  • About
  • Subscribe
  • LATIF
  • Conferences
  • Dashboard
  • Edit My Profile
  • Log In
  • Logout
  • Register
  • Edit this post

Room 151

  • 151 BRIEF

    What's New?

  • John Turnbull elected president of the SLT

    May 12, 2022

  • Pension pool identifies biodiversity as a priority

    May 11, 2022

  • TfL latest to face credit-rating downgrade by Moody’s

    May 10, 2022

  • Government proposes ‘fairer, more accurate’ business rates system

    May 10, 2022

  • Queen’s Speech confirms planning reforms

    May 10, 2022

  • 18,000 affordable houses lost through ‘permitted development’

    May 9, 2022

  • Treasury
  • Technical
  • Funding
  • Resources
  • LGPS
  • Development
  • 151 News
  • Blogs
    • David Green
    • Agent 151
    • Dan Bates
    • Richard Harbord
    • Stephen Sheen
    • James Bevan
    • Steve Bishop
    • Cllr John Clancy
    • David Crum
    • Graham Liddell
    • Ian O’Donnell
    • Jackie Shute
  • Interviews
  • Briefs

Four authorities share £624m housing infrastructure boost

0
  • by Jim Dunton
  • in 151 News · Funding
  • — 21 Aug, 2019

Three councils and the Greater London Authority have each been awarded funding ranging from £80m to £318m to deliver infrastructure projects in support of new homes.

Chancellor Sajid Javid said the allocation of £624m from the government’s Housing Infrastructure Fund would aid the provision of 50,000 new homes in Essex, Bedfordshire and parts of London by providing vital transport connections and school places.

Essex County Council is the biggest beneficiary of the latest approved bids for support from the HIF capital grant programme.

It will receive £218 million for the proposed Beaulieu Station and bypass project near Chelmsford and a further £99.9m for a road and rapid-transit system needed for the development of thousands of new homes near Colchester.

The London Borough of Enfield has been awarded £156m for its new Meridian Water regeneration scheme, which will pay for rail works, road infrastructure, land remediation, flood alleviation and utilities at the brownfield site.

2nd Housing & Regeneration Finance Summit
October 31, 2019, County Hall, London

Transport for London, overseen by the Greater London Authority, has been awarded £80.8m to support new housing near a section of the capital’s East London line, while Central Bedfordshire Council’s £69.6m grant relates to a new secondary school and transport infrastructure in Biggleswade.

Essex CC leader David Finch said his authority had spent £2m working up its successful bids, in conjunction with its district councils, MPs and other local groups.

But he said the investment would have wider benefits than aiding the delivery of the combined 21,500 new homes the projects are expected to underpin.

“The announcement is truly reflective of just how key road, rail and public transport networks are for Essex’s growth, helping create the conditions for our economy and communities to grow in a sustainable way,” he said.

Essex said the new Beaulieu Station would relieve crowding at Chelmsford Station, the country’s busiest two-platform station, while the Chelmsford North East Bypass would mitigate local congestion and be a new strategic link for the region.

The second tranche of funding will support the new Tendring Colchester Borders “garden community”.

Enfield Council leader Nesil Caliskan said her authority’s HIF allocation would fund the construction of an east-west boulevard transporting pedestrians, cyclists and vehicles from the Meridian Water Station through the middle of the site into the Lee Valley Park and beyond.

She added that it would also cover the creation of two new parks and cycle lanes as well as new rail infrastructure to enable eight trains an hour to stop at the station.“Well-connected places improve life chances,” she said.

“The improved connectivity that comes with this enhanced infrastructure will help local people take advantage of services, jobs and opportunities right across London.”

Mayor of London Sadiq Khan said the TfL allocation was “great news for Londoners” and would support housing growth in Canada Water, New Bermondsey and Deptford.

The government said TfL’s £80.8m would aid the delivery of up to 14,000 homes.

Central Bedfordshire said its bid would not only fund a new secondary school but also new power infrastructure to support 3,000 additional homes and new road and rail infrastructure. 

Planning and regeneration lead Kevin Collins said Central Bedfordshire had received its full bid request, and had answered a further 200 questions from the government since its original submission was made in March this year. 

“Securing this advance funding for vital services and infrastructure demonstrates our commitment to planning for, and delivering, sustainable growth,” he said. 

“During the local plan consultations, we heard loud and clear from the public that they want to have the right schools, facilities, health services and transport links in place ahead of the houses: that’s exactly what we’ve done here, and why we’ve worked so hard to secure this money.”

Chancellor Sajid Javid said the five allocations – whittled down from 65 bids – meant that £1.3bn had been allocated from the HIF, estimated to underpin the delivery of 76,500 new homes.

Javid introduced the fund when he was secretary of state for housing, communities and local government, a post he held from July 2016 to April last year.

In June, Woking Borough Council and Truro City Council were allocated a combined £142m from the fund.

Get the Room 151 Newsletter

Room151 Conferences & Events

Share

You may also like...

  • How a digital revolution is upon us 7th Feb, 2022
  • Spring Statement: local government’s levy lottery 23rd Mar, 2022
  • Jackie Weaver calls for more ‘hyper-localism’ to revitalise local government 9th Feb, 2022
  • key, property, housing, Northern LGPS pool to invest £150m in affordable housing 20th Apr, 2022

Leave a Reply Cancel reply

You must be logged in to post a comment.

  • Register to become a Room151 user

  • Latest tweets

    Room151 3 hours ago

    Bags of capacity – now to housing delivery: HRAs have been freed up and councils are starting to invest, but some remain cautious, writes Steve Partridge. He suggests that a minimum of £10bn of additional borrowing could be[...] dlvr.it/SQDvxk pic.twitter.com/yZmoWzHv6U

    Room151 4 hours ago

    Bags of capacity – now to housing delivery room151.co.uk/treasury/bags-…

    Room151 1 day ago

    To Michael Gove: a modest proposal: Conrad Hall has written an open letter to the levelling up secretary suggesting an unusual (and tongue-in-cheek) proposal to help councils predict next year’s government grant. Dear Secretary of State,[...] dlvr.it/SQ9GpX pic.twitter.com/mSX1xgeL8a

    Room151 1 day ago

    Queen’s Speech: an ambitious plan hampered by omissions: Richard Harbord examines the impact of the government’s legislative proposals on councils, and concludes that local authorities expect and need more from central government. However you view the… dlvr.it/SQ8hmP pic.twitter.com/BsnziyNPIO

    Room151 2 days ago

    Insights and inspiration from LGPS leaders past and present: Four current and former LGPS leaders have recently given powerful and insightful interviews as part of the Fiftyfaces podcast, which showcases inspiring investors and their stories. Hosted by… dlvr.it/SQ53lC pic.twitter.com/IRYMFPxdA2

    Room151 3 days ago

    Rate rise represents ‘fastest increase in borrowing costs in 25 years’: Partner Content: CCLA Investment Management’s Robert Evans analyses the rationale for the Bank of England’s latest rise in the Official Bank Rate and assesses the likely outcome of… dlvr.it/SQ33k3 pic.twitter.com/A81yiS1UgN

    Room151 3 days ago

    The Liability Benchmark, very much unloved at the recent Room151 treasury briefing, receives a much more positive assessment from Jackie Shute. There’s ‘no better tool for treasury portfolio management’, she says. #localgov #finance room151.co.uk/treasury/in-pr…

    Room151 3 days ago

    In praise of the Liability Benchmark: Jackie Shute responds to recent criticisms of the framework used to plan the future borrowing requirements of a local authority. I’m not suggesting that this debate will have the same[...] dlvr.it/SQ2cGf pic.twitter.com/4rqXTpHC9A

    Room151 3 days ago

    Room151 launches survey on IFRS 9 override and MRP impact: Room151 has launched a survey to gauge the sentiment in local government on two important issues: the IFRS 9 statutory override and the consultation on Minimum Revenue Provision (MRP). The[...] dlvr.it/SQ1VT7 pic.twitter.com/ahPEiLoFNC

  • Categories

    • 151 News
    • Agent 151
    • Audit
    • Blogs
    • Business rates
    • Chris Buss
    • Cllr John Clancy
    • Council tax
    • Dan Bates
    • David Crum
    • David Green
    • Development
    • Education
    • Forum
    • Funding
    • Governance
    • Graham Liddell
    • Housing
    • Ian O'Donnell
    • Infrastructure
    • Interviews
    • Jackie Shute
    • James Bevan
    • Jobs
    • Levelling up
    • LGPS
    • Mark Finnegan
    • Net Zero
    • Private markets
    • Recent Posts
    • Regulation
    • Resources
    • Responsible investing
    • Richard Harbord
    • Risk management
    • Social care
    • Stephen Fitzgerald
    • Stephen Sheen
    • Steve Bishop
    • Technical
    • Transport
    • Treasury
    • Uncategorized
    • William Bourne
  • Archives

    • 2022
    • 2021
    • 2020
    • 2019
    • 2018
    • 2017
    • 2016
    • 2015
    • 2014
    • 2013
    • 2012
    • 2011
  • Previous story Questions raised over LGPS pools’ equity investment strategies
  • Next story MPs: Government must consider alternative to “risky” business rates retention

© Copyright 2022 Room 151. Typegrid Theme by WPBandit.

0 shares