£3.5 million more for Boston
A bid by Boston Borough Council for Government cash to help build new homes in the borough has been rewarded with £3.5 million.
Cllr Michael Cooper, Leader of Boston Borough Council said: "The good news for Boston just keeps on coming. The council put together the bid for this funding and is pleased that Government has recognised the efforts being made to do all possible to smooth the path for more housing in this area. It is for projects of marginal viability, so can be used for those housing projects already planned but which might otherwise have been slower in coming to fruition because of issues around funding for necessary infrastructure. With this not substantial amount of cash available, this will mean more much-needed homes, quicker."
The money will support the Quadrant 1 development which includes a distributor road which will unlock the site for housing, retail, commercial and community facilities. Delivery of housing on this site is part of a long-term strategic plan for the town which seeks to deliver an integrated transport strategy aligned with the required housing growth. The scheme will deliver 500 homes by 2025.
Housing Secretary Sajid Javid and Chancellor Philip Hammond announced that 11 council-led projects across the East Midlands will receive funding to support local work that will make housing developments viable and get much-needed homes built quicker.
This first wave of funding from the £5 billion Housing Infrastructure Fund is part of a comprehensive programme to fix the broken housing market.
This latest investment will fund key local infrastructure projects including new roads, cycle paths, flood defences and land remediation work, all essential ahead of building the homes.
Housing Secretary Sajid Javid said: "This first wave of investment in projects across the East Midlands will help get up to 21,000 homes off the ground, making a huge difference to communities across the region."
Chancellor Philip Hammond said: "This fund finances vital infrastructure such as roads, schools and bridges, which will kick-start housing development in some of Britain's highest-demand areas."