£1.3bn Investment in Construction Confirmed

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The government has confirmed details of a £1.3bn investment in the construction industry to deliver 45,000 homes and create 85,000 jobs.

Tens of thousands of new homes and other vital infrastructure construction projects were given the green light today. The nearly £1.3 billion of investment was announced by Housing Secretary Robert Jenrick.

The move is part of the government’s comprehensive plan to deliver upgrades to local infrastructure and boost skills to help fuel a green economic recovery.

Over 300 successful projects in England are being told they will receive a share of the £900 million Getting Building Fund, which was announced by the Prime Minister in June, to invest in shovel-ready housing and infrastructure projects, creating jobs and supporting economic recovery across the country.

Successful projects being funded include:

  • £23 million for phase 1 of the development of commercial space at Mayfield Park in Greater Manchester, expected to deliver 3,200 jobs and attract over 1 million visitors a year
  • £14.88 million to accelerate the National Brownfield Land Institute, a project aiming to create a leader in sustainable construction which will support the housing deal and drive levelling up across the region
  • £12 million to support a new high-speed railway station in Thanet, Kent, improving transport in the area and creating 800 new jobs

Housing Secretary Rt Hon Robert Jenrick MP said:“As we get Britain building we are also laying the foundations for a green economic recovery by investing in vital infrastructure for local communities, creating jobs and building environmentally-friendly homes with a huge £1.3 billion investment announced today.

“This government is determined to level up all parts of the country and this funding will not only give a much needed boost to our economic recovery, it will help build the good quality, affordable homes the country needs.”

See the full government announcement here

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