Sajid David

Chancellor’s £3 billion new homes promise

The Chancellor Philip Hammond and Communities Secretary Sajid Javid, have announced a £3billion Home Building Fund to provide more homes, more quickly, in, they promise, the places people want to live. The announcement came following Philip Hammond’s key speech at the Conservative conference on Monday 3rd October. As part of the government’s action to tackle the housing deficit and ensure everyone has a secure place to live, the Communities Secretary and the Chancellor said that they are determined to take action and get more homes built. Chancellor Philip Hammond set out the plan to launch a £3 billion Home Building Fund to help to build more than 25,000 new homes during this Parliament and up to 200,000 in the longer term. Note that this isn’t a donation to building homes, the fund will provide loans for small and medium enterprise builders, custom builders, offsite construction and essential infrastructure. Sajid Javid said, “This Government is getting on with the job of building a country that works for everyone. We’ve made great progress fixing the broken housing market we inherited but now is the time to go further. We want to ensure everyone has a safe and secure place to live and that means we’ve got to build…

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