Milton Keynes Council Close to Securing £76M New Housing Funding


Milton Keynes Council Close to Securing £76M New Housing Funding


 

MARCH 2018

Thousands of new homes could be built in Milton Keynes on a site east of the M1 and within the emerging Cambridge – MK – Oxford growth corridor.

Milton Keynes Council has reached the next stage of a significant funding bid which if successful would see almost £76 million invested in a new bridge over the M1 and unlock other infrastructures, such as schools and GP surgeries, that would make it feasible to build new homes in the area.

The Housing Infrastructure Fund (HIF) is government capital grant programme of up to up to £4.1 billion to deliver over 400,000 new homes. Funding will be awarded to local authorities on a highly competitive basis.

Milton Keynes Council has been successful in reaching the second stage of the bid. MK’s proposals will now be worked on in detail, including the number and location of new homes that could be built, to allow ministers to make a final decision on which areas to support.

Read more here


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