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Autumn Budget 2018: £500M Housing Fund to Unlock 650,000 New Homes

Autumn Budget 2018: £500M Housing Fund to Unlock 650,000 New Homes
Housing Fund investment is at the centre of the 2018 Autumn Budget, with £500 million allocated to unlock 650,000 new homes across England. Chancellor Philip Hammond announced the funding as part of the Government’s broader £44 billion housing programme, which aims to deliver 300,000 new homes per year by the mid-2020s.This capital grant will support local authorities—especially in high-demand areas—in funding infrastructure that enables new residential development. The Housing Fund will be delivered through the Housing Infrastructure Fund and will finance roads, utilities, and public services to prepare land for housing.

Support for High Streets and SME Housebuilders

In addition to the Housing Fund, the Chancellor announced further measures to stimulate development and regenerate communities:

  • £675 million to help councils repurpose underused high streets and commercial properties into housing
  • Up to £1 billion in British Business Bank guarantees for SME housebuilders
  • Delivery of 13,000 new homes through partnerships with nine housing associations

Housing plans to increase UK housebuilding in 2018 Autumn Budget

Insight Data Responds to Housing Fund Investment

Alex Tremlett, Commercial Director at Insight Data, welcomed the announcement:

“With reports suggesting the number of houses on the market is at a 10-year low, further government funding will be welcomed by both the housebuilding sector and the councils facing the greatest housing demand.”

Alex added:

“In many cases, councils have the land but not the capital to invest in vital infrastructure. The Housing Fund will allow them to plan strategically and unlock new sites. It also creates more opportunities for SME housebuilders to compete with larger firms. For the construction and fenestration industries, this opens doors to new business—now is the time to engage with developers, contractors, and housebuilders to secure future work.”

How Insight Data Supports the Housebuilding Supply Chain

As the UK’s leading provider of construction marketing data, Insight Data helps suppliers and service providers connect with housebuilders, main contractors, and developers.

Through our Construction File database, you can access thousands of live, verified contacts across the residential development sector. Our in-house research team updates prospect records daily, giving you reliable data for email, telephone, and direct mail campaigns.

Contact Insight Data

If you’re targeting new-build housing projects, access to the right decision-makers is key. Speak to us today to learn how our data can help you win work with housebuilders and developers:

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November 9, 2018

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