The government has singled-out 29 transportation projects that will receive funds to support new housing
Housing Minister Margaret Beckett and Transport Minister Paul Clark said the Community Infrastructure Fund money would help ease the pressure of housing need.
Paul Clark said: “I am delighted by the quality and range of schemes that we are funding. Around 60% of the schemes that we are supporting include sustainable transport initiatives - reflecting a real commitment to supporting housing growth through sustainable means.
“Transport is essential to supporting housing growth and the Community Infrastructure Fund is real evidence of the significant focus that Government places on this critical policy.”
The money will pay for schemes as diverse as rapid bus routes, pedestrian and cycle bridges, and improvements to road junctions to support 40,000 new homes to be built over the next decade. 2,200 jobs will be created directly.
Margaret Beckett said: “This funding will help to deliver new homes that we desperately need to meet long term demand from first time buyers and families on waiting lists. We know that good transport links are vital to successful communities and these projects will unlock the potential for new housing where it is needed. By investing today in tomorrow’s infrastructure we are helping to ensure the foundations are in place to support economic recovery, while also creating and safeguarding jobs right now.”