The Homes and Communities Agency has completed its assessment of the first tranche of schemes for a share
of the second round of Kickstart funding. Of the 265 schemes shortlisted for Round 2, 87 successful schemes announced to receive funding, that will help unlock them and enable more first time buyers to own their own home. Around a quarter of the successful schemes are expected to be back on site by the end of this month.
A total of almost £83 million will be allocated to unlock 5,696 new homes, including 3,503 affordable of which 2,193 will be made available through HomeBuy Direct, 345 through other Low Cost Home Ownership routes and 802 for social rent. Almost all of the schemes (85) are expected to meet Level 3 of the Code for Sustainable Homes. A complete list of the schemes announced today can be found at www.homesandcommunities.co.uk/kickstart-round-two
Sir Bob Kerslake, chief executive of the Homes and Communities Agency said:
“With over 6,000 new and affordable homes now on their way to being completed through Round 1 of the Kickstart programme, this second round of funding will help many more schemes get back on track.
“The due diligence process for selecting these successful projects has been rigorous, assessing factors such as value for money, local fit, demand and sustainability to help ensure the homes meet the needs of the people who will live in them.
With much of the funding for this round delivering many more HomeBuy Direct properties we are not only helping developers by unlocking schemes but also giving more people the opportunity to own their own home.”
Kickstart will help to create employment opportunities around the country with at least 99 apprenticeships created and 22 safeguarded through these Round 2 schemes.
This funding is in addition to £425million allocated through Round 1 to deliver a total of over 6,000 new homes across 141 mothballed schemes that have been helped to restart on site. Case studies of some of the successful Round 1 schemes can be found on the HCA’s website at http://www.homesandcommunities.co.uk/kickstart-round-one.
A further announcement on other successful bidders in Round 2 is expected in late Spring.
Source: © HCA