Budget 2021: Sunak confirms £1.8bn to brownfield housing
Chancellor Rishi Sunak has announced £1.8bn will be provided to bring 1,500ha of brownfield land to use as part of the Budget 2021.
In the recently announced Budget 2021, Sunak reveals a £24bn multi-year housing settlement in the Comprehensive Spending Review.
The government has allocated £11.5b of this to build up to 180,000 new affordable homes. An extra £1.8b of this is to unlock 1500ha brownfield land – the equivalent of 2,000 football pitches.
Chancellor Rishi Sunak said: “We are investing in better quality, safer, greener and more affordable homes to create thriving places where people want to live. One of my favourite pastimes is to go for walks in the park with my family, and I want to make sure everyone has green space on their doorstep to enjoy too.
Transforming our unloved and neglected urban spaces will help protect our cherished countryside and green spaces while improving the physical and mental health of our communities.
We are investing an extra £1.8bn, enough to bring 1500 hectares of brownfield land into use, meet our commitment to invest £10bn in new housing and unlock a million new homes.”
The government’s new home target is 180,000 per annum.
A summary of budget 2021 allocation is as follows:
£300m – to metro mayors and councils to unlock smaller brownfield sites for housing.
£65m – England’s planning system to speed up plans including digitisation
£9m – Park fund to help local authorities improve neglected urban spaces to create greener environments for residents to enjoy
£5bn – remove unsafe cladding from high-risk buildings
Stay in touch to be the first to know about the exciting developments launching soon…