Cash pledge to get Bri­tain build­ing

Yorkshire Post - Property - - PROPERTY -

DEPUTY prime min­is­ter Nick Clegg has an­nounced that £225m is to be made avail­able to new homes de­vel­op­ers.

Speak­ing to the Na­tional House Build­ing Coun­cil, he said that the ex­tra cash would “de-risk” schemes iden­ti­fied as hav­ing “hit a wall”. He said the money could un­lock over 48,000 homes in larger schemes.

He said: “We will en­sure that any pub­lic sec­tor in­vest­ment secures value for money from the tax­payer, and once th­ese de­vel­op­ments are com­plete, the tax­payer will get that money back.”

Mr Clegg also un­veiled a vi­sion to build new garden cities, say­ing that more Green Belt land could be des­ig­nated around new set­tle­ments.

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