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We are making available £1.2 billion through the Starter Home Land Fund to prepare suitable brownfield sites to support at least 30,000 Starter Homes. A prospectus about the Starter Home Land Fund was published at the Budget in March 2016. £9 million has already been invested since the Fund’s establishment in April 2016.
We announced at Spending Review that £2 billion in loans will be made available to invest in infrastructure needed for major housing developments. We would expect at least 50 per cent of this funding to support housing on brownfield sites. Full bidding guidance will be available when the fund is launched.