Market Leads & Opportunities

Up to 7,500 new homes set for West Midlands

Source: https://www.insidermedia.com/

Up to 7,500 new homes across the West Midlands are to be built on former industrial land after Prime Minister Boris Johnson announced an extra £84m to expand the region’s brownfield regeneration programme.Unveiling a £5bn infrastructure investment package to help drive the UK’s post-Covid-19 recovery during a visit to Dudley, the Prime Minister revealed his economic stimulus included £400m to support brownfield redevelopment across Britain.Last week the region submitted a £3.2bn West Midlands investment plan to the government, which included a request for further funding for brownfield land regeneration.The brownfield package announced by the Prime Minister for the West Midlands will see:Construction commencing on new homes as quickly as possibleLand in the region’s comprehensive brownfield sites pipeline acceleratedThe WMCA supporting advanced manufacturing in construction (AMC) techniques in projects it helps fund and support in order to speed up construction and deliver energy efficient homes for local peopleThe delivery of a minimum 20 per cent of affordable housing in WMCA funded schemes using the authority’s new, local definition of ‘affordable’Funding delivered through the procedures and principles set out in the WMCA Single Commissioning Framework, and continuously monitored to ensure delivery of those requirements on the ground.