Five housing projects in Lincolnshire have received over £22 million worth of funding from government, as part of a plan to build 100,000 across the country.
Lincoln’s Spa Road and The Quadrant in Boston are amongst those given grants from the Housing Infrastructure Fund, which aims to build new homes in areas of high demand.
In a statement last week, Chancellor Phillip 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.
“This support will help us meet our ambitious plan of building 300,000 new homes each year and ensure we have enough housing in areas which need it most.”
The Government funding sees a total of £22,447,763 given to Lincolnshire housing schemes, with £12m from the sum going to projects in Spalding.
Ursula Lidbetter, Chair of the Greater Lincolnshire Local Enterprise Partnership, said the announcement was ‘brilliant news’ and a ‘shot in the arm for our housing sector’.
“Greater Lincolnshire is no different to the rest of the country in that we have a high demand for housing. Together our local authorities have a target to build 100,000 new homes in the long term.
“This new funding from the Government gives that aspiration a boost and we look forward to seeing these new housing schemes brought to completion,” she said.
Below are the five projects, along with the funding they have received:
- Sleaford West Quadrant – £2 million
- Boston Quadrant – £3.5 million
- Spa Road, Lincoln – £2.8 million
- The Gainsborough Southern Urban Extension – £2.1 million
- Northern Spalding Sustainable Urban Extension and Section 5 of the Spalding Western Relief Road – £12 million