£12 Million For South West Affordable Housing
Housing Minister John Healey has announced that 11 projects will share £12.7 million of funding for more than 1,000 homes.
The motivation behind this funding is to get the building of new and affordable homes stalled by the recession back on track.
It is hoped the knock on affect of that will be that more families can take their first step onto the housing ladder through the Government's HomeBuy scheme, and that the cash will also get struggling housebuilders building homes again safeguarding over 1,700 jobs.
Developers receiving the cash have also committed to get workers back on site by this time next year, with almost a quarter saying they will have workers back on site by the end of the month.
One of the schemes getting funding is Block Q on Dockside in Portishead. House builders Crest Nicholson will receive £351,450 to deliver homes forming part of a much larger dockside development in Portishead.
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