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09/10/2014

Councils Given More Power To Build New Homes

Councils have been given new powers to help them 'Get Britain Building'.

Housing Minister Brandon Lewis confirmed that 22 councils will be able to borrow an additional £122 million over the next 2 years to deliver over 1,700 new affordable homes.

However with £178 million still available, Mr Lewis argued that more councils should be putting themselves forward.

16 councils have been given the go-ahead to borrow £62 million in additional funds to deliver over 1,000 new affordable homes.

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Mr Lewis confirmed that a further £60 million borrowing would be made available including to 6 new councils.

Mr Lewis said: "Today, I'm giving borrowing powers to 22 councils who over the next 2 years will use that to build over 1,700 new affordable homes for their communities.

"It's one of the many things we've done that have got Britain building – with housebuilding levels now at their highest since 2007 and climbing.

"But with £178 million additional borrowing still up for grabs I want more councils to do their bit, to follow in the footsteps of these 22, and bid for the very powers they asked for."

(CD/MH)

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