Subscribe to our Construction Newsfeed
UK Construction Directory
Search our 157,228 companies....

Construction News

11/07/2014

Govt Announces Loans For Affordable Homes

Hundreds of millions of pounds are "up for grabs" for councils to build more affordable homes in their area, according to the government.

Housing Minister Kris Hopkins has announced that 15 councils will be able to borrow £60m additional funds over the next two years to build over 1,000 homes in their area.

Minister Hopkins said: "Councils asked for extra borrowing powers - and we have delivered. Today, 15 authorities from across the country will get a share of £60m of borrowing to deliver over 1,000 affordable homes. There’s £300 million extra borrowing up for grabs for the next two years. So today, I’m launching a second round of bidding so more councils can make the most of this opportunity.
-- Advertisement --
hss



"Council housebuilding starts are now at a 23-year high - and more council housing has been built since 2010 than in the previous 13 years. But we can go further and with these new borrowing powers available I want authorities to act, and build the affordable homes their communities want."



The 15 councils that have successfully applied for borrowing include:

• Birmingham Council - £10.6 million to build 186 new affordable homes

• Wiltshire Council - £2.7 million to build 90 affordable homes

• Cheshire West and Chester Council - £7.5 million to build 23 affordable homes

• Hackney Council - £2.7 million to build 74 affordable homes

• Dudley Council - £6.2 million to build 123 affordable homes

(IT/MH)

Latest Construction News

22/05/2025
Oxford City Council has approved plans for a new, modern community centre in the heart of Blackbird Leys. The council's planning committee gave the go-ahead on Tuesday 20 May, paving the way for construction to begin later this year. The new centre is part of a broader redevelopment of the Distric
22/05/2025
Leading construction and facilities management company GRAHAM has officially commenced a new repairs and maintenance contract with Sandwell Property Care, part of the Council's Corporate Landlord team. The contract covers the borough's extensive portfolio of non-housing properties, and will see GRA
22/05/2025
A significant milestone has been reached at Royal Bolton Hospital, as Bolton NHS Foundation Trust officially broke ground on the £38 million redevelopment of its Maternity and Women’s Health Unit. The work is being carried out in partnership with Robertson Construction North West and marks the sta
22/05/2025
Galliford Try's Environment business has been honoured with a prestigious Silver Green World Award in recognition of its outstanding environmental efforts at the Tophill Low Water Treatment Works (WTW). The project was selected from more than 1,200 entries worldwide, highlighting the global signifi
22/05/2025
A major new cement import facility planned for the North West of England is set to bolster growth in the UK construction sector while advancing the industry's efforts to reduce carbon emissions. The deep-water terminal, to be built at the former P&O site at Gladstone Dock in Liverpool, is the resul
22/05/2025
A major new drainage initiative is under way across Oxfordshire, with work now started to clean and empty every highway gully in the county annually. The £2.6 million programme, which began last month in Wheatley, will see nearly 145,000 highway drains, gullies, manholes, and catchpits cleaned by t
22/05/2025
Housing association Gentoo has announced a landmark investment programme aimed at improving more than 4,000 homes across Sunderland during 2025/26, in one of the city's largest ever housing improvement initiatives. The multi-million-pound scheme will deliver a wide range of upgrades to thousands of
22/05/2025
Bilfinger UK has secured a key contract with National Gas to help maintain the flow of gas across the National Transmission System (NTS), a move that will create up to 100 jobs and support vital national infrastructure. As Principal Designer and Principal Contractor, Bilfinger will lead a multi-dis
22/05/2025
A new strategic partnership has been formed between Network Rail Property, Places for London, and the London Borough of Lambeth to drive forward a major regeneration of London Waterloo Station and the surrounding South Bank neighbourhood. The collaboration follows the publication of the Waterloo St
22/05/2025
Wythenshawe Park has seen a series of improvements aimed at making it more accessible and enjoyable for all visitors, as part of Manchester City Council's £157,000 Clean, Green, Safer Manchester Investment. The funding supports a wider initiative to enhance green spaces across the city and has been
Stuart CanvasAqua Direct LtdLakeside HireNTS COOLING - Air Conditioning Engineers LondonBuckleys Mobile Crane ServicesMainline Products (UK) LtdCambridge EcologyPipeline Drillers LtdACC Flooring LimitedCDL Scaffolding