| £170m transport funding to unlock new housing |
| Friday, 27 March 2009 | |
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£170m of funding is today being allocated to 29 transport projects that will support the development of new housing, Housing Minister Margaret Beckett and Transport Minister Paul Clark announced today.
Good transport links are essential to any new housing development, and this funding will unlock the potential in several regions for delivering the new homes that will help to ease long-term housing need from first time buyers and families on waiting lists. The 29 projects, paid for from the Community Infrastructure Fund, will deliver a range of new vital transport projects across the regions such as rapid bus routes, pedestrian and cycle bridges, and improvements to road junctions. They will also protect and create 2,200 jobs and directly support 40,000 new homes to be built over the next decade, which in turn will further support employment, as part of the Government's fiscal stimulus to support the economy in the current climate. Margaret Beckett said: Paul Clark said: "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." |