Fareham Borough Council has been awarded over £228k in 'capacity funding' that can be used to progress work to bring the Welborne Garden Village proposal forward. The detail of the funding award was confirmed in a letter to the Council from the Homes and Communities Agency (HCA).
The capacity funding is just one of a number of funding streams available to support the Government's garden village initiative. These are on top of those already put in place to help bring forward new homes and supporting infrastructure.
Leader of Fareham Borough Council, Cllr Seán Woodward said: 'The funding received can be used to progress the Council's Welborne Delivery Strategy to help bring forward the garden village proposal, and this is something we are very much focused on so we can provide much needed homes and jobs for our residents and their families. Additionally, going forward, 'Garden Village' status gives us priority access to a wide range of funding streams designed to help support the delivery of new homes and supporting infrastructure, and hence expedite the delivery of Welborne."
Earlier this year Fareham Borough Council was confirmed as one of 30 local authorities selected to work with the Homes and Communities Agency to deliver new starter homes which will be built exclusively for first-time buyers aged 23-40 and available for at least 20 per cent below market value.
Home Building Fund (loan finance)
Financing is available to support projects which could include community led housing projects, serviced plots for custom and self-builders, off-site manufacturing, new entrants to the market and groups of small firms working in consortia to deliver larger sites.
A range of types of funding is available as follows:
Housing Infrastructure Fund (grant finance)
Starter Homes Partnership
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