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Transport cash boostfor new housing build

The government this week flagged extra spending on transport schemes to support its ambitious housing plans set out in the Housing Green Paper this week.
Housing minister Yvette Cooper announced an extra £300 million transport infrastructure funding to support through its existing Community Infrastructure Fund as part of its £8 billion investment plan for 2008-2011 to be announced at the next Comprehensive Spending Review.The new cash will support the government's four Growth Areas in London's Thames Gateway, London-Stansted-Cambridge-Peterborough, Milton Keynes-South Midlands, Ashford; the 29 growth points. The five newly announced 'eco-towns' of 5-20,000 new homes will also benefit from the fund.Meanwhile, developers will be obliged to put provide infrastructure as part of their developments to stop them from 'banking' land for several years without developing housing.'We will look at toughening up planning rules so that developers must put in place much of the infrastructure for a site within three years of gaining planning permission,' said Cooper.

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