£1billion more for Growing Places and New Homes Bonus

Communities with ambitions for economic growth have been rewarded with a cash boost of nearly £1billion to get their projects off the ground and improve their local areas.

This cash boost announced on 1 Feb forms part of a wider package of measures announced by Housing Minister Grant Shapps, highlighting the vital and central role that housing is playing in getting the country's economy on the road to recovery.

Ministers have confirmed the allocation of the £500milllion Growing Places Fund, designed to boost economic growth by getting the required infrastructure built to enable the creation of new homes and jobs and get stalled projects moving again.

The funding has been allocated to the country's 38 Local Enterprise Partnerships, who will now decide what to prioritise locally. Read more