33525_Image_1.jpg

Government earmark £1bn for large-scale housing projects

  • 29 Apr 2015

  • Share

Each of the projects are to receive a share of a £850 million sum of money put aside by the government to accelerate housing.

The government hopes further investment will continue to boost the housing construction sector.

The projects are required to build at least 1,500 homes across the UK.

Many of the projects are expected to build more than the pre-requisite requirement. Greenwich Peninsula, based in southeast London, for instance, will be constructing 10,000 homes.

In total, the government has has earmarked £1 billion to help with the construction of over 200,000 new homes.

Each project will also help to ensure increased investment in schools, roads and green spaces.

Long-term loan scheme

The £850 million funding will be shared out in the form of long-term loans with interest accessible from 2015 to 2020.

Projects will be required to undertake a compulsary due diligence audit before being allowed access to the funding.

The government hopes that by offering these loans to large-scale housing projects it will continue to boost the housing construction sector whilst increasing both home ownership and investment in the private rented sector.

Integrity Software Systems

Increased investment in the housing industry is certain to peak interest in Integrity’s construction accounting software.

Designed exclusively for construction industry professionals, Integrity has stated that its contract costing and accounting functions will enable users to capitalise on the boosts.

Integrity Software Systems,
First Floor, Landmark House East,
Alpha Court,
Lincoln,
United Kingdom,
LN6 3TA

Phone: 0345 340 3040

Visit Integrity Software's website

Leave a Reply

More articles

Lifestyle Flooring

Engineered Wood Flooring Vs Hardwood Flooring - Lifestyle Flooring investigate

Lifestyle Flooring have taken a look at the essential difference between engineered wood flooring and hardwood flooring, with the intention of it helping people make informed decisions.

Posted in Articles, Building Industry News, Building Products & Structures, Floors, Posts, Research & Materials Testing, Timber Buildings and Timber Products, Wooden products

  • Share
Screen Shot 2019-01-17 at 14.23.11

Aggregate Industries adds natural curb appeal to £5m visitor centre

Aggregate Industries was recently chosen to supply its SuperColour Ultra asphalt solutions to a new visitor centre in Nottinghamshire.

Posted in Articles, Building Industry News, Building Products & Structures, Civil Engineering, Hard Landscaping & Walkways, Landscaping, Posts

  • Share
REHAU

New marketing director appointed at REHAU

Claire Miller has been announced as a new Marketing Director for the windows division at global polymer solutions provider REHAU.

Posted in Articles, Building Industry News, Building Products & Structures, Posts, Recruitment, Windows

  • Share
Futurebuild

Futurebuild 2019 - launchpad of an exciting new venture

Closer collaboration between RCM, SPSenvirowall and SPS Facades will see the sister companies jointly exhibiting at Futurebuild 2019.

Posted in Articles, Building Industry Events, Building Industry News, Building Products & Structures, Cladding, Exhibitions and Conferences, Facades, Posts, Walls

  • Share