Seven areas earmarked for £30 million funding package
Housing minister Grant Shapps has given the green light to seven sites across the country to create self-built homes.
A total of £30 million has been made available in funding with the government also handing over land it owns for building work to begin. The scheme is being championed by Grand Designs presenter Kevin McCloud.
The pilot scheme will be built at Pool in Cornwall with up to 60 homes due to be built on surplus public land there.
Other homes have been earmarked for sites at Bristol, Hemel Hempstead, Bolsover, Derbyshire, Stoke-on-Trent, Milton Keynes and at Upper Tuesley Milford in Surrey.
The £30 million fund will offer short term loans to community groups, builders and other small organisations looking to start self-build projects.
The money will be used to pay up to three-quarters of a project’s land and early construction costs and will be available top groups planning to build five or more homes at a cost of £3 million.
Shapps has written to major mortgage lenders to convince them to back the idea. He added: “This shouldn’t be a niche interest for the select few – anyone with a dream to build should be able to do so.”
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