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The ARCH annual report for 2015-16 is now available to view.

 

Download it here.

£2.3bn Housing Infrastructure Fund open for bids 20/07/2017

Communities Secretary, Sajid Javid, has announced a £2.3 billion Housing Infrastructure Fund (HIF) which could unlock 100,000 new homes in areas of high demand.

 

The fund will be available to help pay for physical infrastructure projects such as the building of roads, bridges, energy networks and other utilities which may be holding back progress on housebuilding.

 

The fund is open to bids for local authorities across England to come forward with proposals to help get homes built faster. Once proposals have been approved, it is expected that local authorities would begin building the necessary infrastructure immediately and for the homes to follow quickly afterwards.

 

Launching the HIF at the LGA Conference in July, Sajid Javid, said:

 

"To build the homes this country needs, we need to deliver the right infrastructure in the right place at the right time. By investing in local infrastructure, we can help unlock building thousands of new homes in the areas where they are needed most. The Housing Infrastructure Fund will also make sure we have better public services in place for local communities."

 

HIF forms part of the new £23 billion National Productivity Investment Fund announced at the Autumn Statement 2016. The £2.3 billion of capital grant funding will be allocated to local authorities on a competitive basis and funding will be available from 2017-18 to 2020-21.

 

The HIF is divided in two parts:

 

  • A Marginal Viability Fund to provide the final or missing piece of infrastructure funding to get additional sites allocated or existing sites unblocked quickly
  • A Forward Fund for a small number of strategic and high-impact infrastructure projects.

 

A ready reckoner is also available to give local authorities an indication of how proposals will look from a value for money perspective.

 

Read full details of the HIF and how to apply

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