£165M Fund Boosts Housing Projects via Road Fixes
UK News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
A £165 million fund, the Growth and Housing Accelerator Fund, is set to revitalize stalled housing projects in England by addressing key transport issues. The fund targets road access and junctions near major motorways and A-roads, with projects like the A46 Widmerpool resurfacing and upgrades to the A46 Newark bypass and A52 Nottingham junctions. This initiative aims to tackle aging roads causing delays in housing and jobs, unlocking idle sites and supporting tens of thousands of jobs. The fund is part of the governments third Road Investment Strategy, allocating £27 billion for Englands strategic roads from 2026 to 2031, with £8.4 billion for resurfacing, bridges, and repairs. Local councils can submit their schemes soon, with a rolling project list expected by the end of the 2026-2027 financial year.
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