Massive £8.5 million funding boost for housing projects in North Devon
Posted on: 1 February 2018
There’s funding success for North Devon today (1 February 2018) as the government announces over £8 million will be allocated to the district to support housing.
North Devon Council has secured £8.5 million from the government’s Housing Infrastructure Fund (HIF) to help support two major housing schemes in North Devon. The funding will help unlock housing developments at the Ilfracombe Southern Extension and Westacott in Barnstaple, by supporting the transport and school infrastructure needed to deliver the schemes. £6.5 million will be allocated to support the Ilfracombe Southern Extension, with just over £2 million going towards Westacott.
Leader of North Devon Council, Councillor Des Brailey, says: “What a fantastic boost for North Devon – this money will help speed up two important housing schemes in our district. I wrote to the Secretary of State last Autumn to ask for help through the HIF and our regeneration team put a strong bid forward, which I’m pleased to say has been recognised and supported today.”
Executive Member for Economic Regeneration, Councillor Pat Barker, says: “I’m so pleased with this news and very proud of our economic regeneration team for all the hard work they put in to secure this money for North Devon. Thanks should also be extended to our MP Peter Heaton-Jones, who has been instrumental in us achieving this funding bid. Housing developments are often held up by the costs for developers to deliver education and transport infrastructure, so these funds will enable developers to get on with building the houses we so sorely need. The funds will managed by us and used to support developments to ensure they succeed.”
Executive Member for Housing, Councillor Brian Moores, says: “This is a massive boost for North Devon and will go a long way to help bring these projects forward. The Ilfracombe Southern Extension has the potential to deliver 750 homes and the Westacott development is capable of delivering about 950 homes, with both projects including a significant number of affordable homes. Ilfracombe’s schools are already at capacity, so getting the infrastructure in place is essential before any new housing can be delivered, therefore this funding is key.”
North Devon Council will be working with Devon County Council to develop the projects. Councillor Andrea Davis, the County Council’s Cabinet Member with responsibility for highway infrastructure, said: “This is really great news. Overall, Devon has secured a record £44.7 million for housing-related infrastructure, which is proportionally higher by population than other counties. That’s testament to the hard work and collaboration of our district councils. The funding will help unlock housing development sites by providing the necessary road links, highways improvements, and a school.”
The Housing Infrastructure Fund (HIF) is managed by the Ministry of Housing, Communities and Local Government.Posted in: Housing