The South West has also benefited from nearly £18million through the largest council house-building programme for nearly twenty years.
This, along with the other Government funding for housebuilding means that over 8,000 jobs and apprenticeships in the South West’s construction industry have been created in the region.
Examples of developments in the South West that have received Government a share of the £400 million funding include:
– Crediton Road, Okehampton, West Devon – Persimmon has received £1,772,250 Government funding to kickstart a stalled housing development and deliver 72 new homes most of which will be three or four bedroom houses. These will be affordable homes available to first time buyers through the HomeBuy Direct scheme.
– Mallard Road, Bournemouth – Bournemouth Council has secured £540,000 Government funding to build the first new council housing in seven years in Bournemouth. The funding will help deliver 10 flats and 2 family homes which will be completed by October.
– Carne Hill, Trewoon, Cornwall – Coastline is receiving £2,496,300 Government funding for a rural housing scheme to build 41 new homes, of which 29 will be for rent and 12 will be affordable homes for first time buyers through the HomeBuy scheme. These are due to be completed by December 2010.
Mr Healey said:
“From Taunton to Truro, the power of Government investment has meant that in the teeth of recession, we have kept Britain building. That’s why today I can confirm I’ve given the go-ahead for £26million to create and safeguard over 500 jobs in the South West, build much-needed new homes in the region and help strengthen the economic recovery.
“We’ve been ready to take unprecedented Government steps to help the country through the recession and today’s extra funding takes total Government housing cash to over £4.2billion since June. This investment will now help economic recovery in the South West.
“This public investment has been a vital boost to jobs and housebuilding during the recession, and it’s equally important to economic growth in the future. We can’t cut our way into economic recovery over the coming year – we must invest in building the new homes that people need.”
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