Housing Minister Alok Sharma has announced that the Government is launching a multi-million pound funding programme to help build more communities build homes across England.
Addressing the first-ever Community-Led Housing Conference in London this week, Housing Minister Alok Sharma said:
“Worth £60 million in the first year alone, it [the new fund] will provide both capital and revenue funding, with flexibility to meet demand.
“A significant element of the funding will also go towards developing an advisory network that supports community groups to bring forward projects.”
Community groups, registered providers and other appropriate organisations will be able to apply for funding from January 2018 with the first allocations of funding being awarded around Easter. It is expected that the prospectus will be published ‘shortly’. Applications will be assessed by experts at Homes England, the new national housing agency.
The Housing Minister said that he will be setting up an advisory group to steer the Department of Communities and Local Government (DCLG) on the delivery of the funding programme.
The full transcript of the Housing Minister’s speech can be found on GOV.UK website