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newsMar 29, 20261:30

UK Unveils £165M Housing Boost

About this episode

The UK government has unveiled a £165 million fund, the Growth and Housing Accelerator, to revive stalled housing and job sites in England, with significant opportunities in the West Midlands. This fund targets areas held back by inadequate transport links, particularly near motorways and A-roads, to stimulate the construction of thousands of new homes and employment hubs. The fund is part of the £27 billion Road Investment Strategy three, running from 2026 to 2031. Local councils can submit their projects soon, with National Highways set to approve funded works by the end of 2026 or early 2027. The strategy also includes £8.4 billion for resurfacing over 9,000 kilometers of roads and repairing old bridges. This initiative aims to support around 50,000 jobs over five years and contribute to the governments goal of building 1.5 million new homes during this Parliament, transforming roadblocks into growth opportunities for everyday people.

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UK Unveils £165M Housing Boost

UK News Today | 2 Min News | The Daily News Now!

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UK News Today | 2 Min News | The Daily News Now!UK Unveils £165M Housing Boost. Machine-transcribed; use the interactive transcript above to jump the player to any line.

On March 29th, the UK government just dropped a 165 million pound fund called the Growth and Housing Accelerator to Kickstart. Stalled housing and job sites across England with big potential in the West Midlands, this cash target spots held back by missing transport links, especially near motorways and a-roads to get shovels in the ground for thousands of new, homes and employment hubs. It's rolling out in the coming weeks as part of the 27 billion pound road investment strategy 3, running from 2026 to 2031. Local councils can pick their project soon, and national highways will greenlight a line up of funded works, starting end of 2026 early, 2027. Officials are hyped, saying too many developments have sat idle for years without the right roads, blocking families from solid homes near work, and communities from fresh jobs. Building Secretary Steve Reed calls it targeted action to build thriving spots where people

can settle. On top of that, the strategy packs 8.4 billion pounds for resurfacing over 9,000 kilometers of roads and fixing old. Bridges two-thirds of structures are over 45 years old now. All this should sustain around 50,000 jobs over five years. Bottom line. This pushes the government's goal of 1.5 million new homes, this parliament turning roadblocks into runways for growth, that everyday folks can actually feel.

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