{"id":137326,"date":"2024-02-23T14:29:39","date_gmt":"2024-02-23T14:29:39","guid":{"rendered":"https:\/\/www.pbctoday.co.uk\/news\/?p=137326"},"modified":"2024-02-23T14:29:39","modified_gmt":"2024-02-23T14:29:39","slug":"government-withdrawal-500m-housing-funding","status":"publish","type":"post","link":"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/government-withdrawal-500m-housing-funding\/137326\/","title":{"rendered":"Government withdrawal of \u00a3500m housing funding stalls plans for 42,000 homes"},"content":{"rendered":"

The Department for Levelling Up, Housing and Communities (DLUHC) has removed housing funding totaling \u00a3538.8m from 16 projects<\/h2>\n

These projects, intended to unlock over 42,000 new homes, were withdrawn by the DLUHC as they were deemed “not deliverable within the parameters of the program or were withdrawn by the local authority.”<\/p>\n

The removed funding was part of the allocated grants from the Housing Infrastructure Fund<\/a> (HIF), which is worth over \u00a34bn and was launched in 2017 to boost housebuilding.<\/a><\/p>\n

Funding through the HIF is divided into two streams<\/h3>\n

The fund works by offering local authorities grant funding for key infrastructure on a competitive basis. Just under 100 councils were awarded funding through this scheme.<\/p>\n

The first stream of funding is ‘forward funding’, which is available to all single and lower-tier local authorities in England to \u201cprovide the final or missing piece of infrastructure funding”.<\/p>\n

The second stream of funding is ‘marginal viability funding,’ which is available to the uppermost tier of local authorities for a “small number of strategic and high-impact infrastructure projects.”<\/p>\n

What housing funding was withdrawn?<\/h3>\n

The five forward funding projects that had funding withdrawn were from the following authorities:<\/p>\n