Council to get £2.4million for new Plymouth homes
PLYMOUTH council is set to benefit from more than £2.4million in Government money to build new homes
The New Homes Bonus hopes to kick-start home-building across the country – and Plymouth is one of 353 English councils set to benefit from the £661million payout.
Over the next year, Plymouth will get a payout of £2.4 million after delivering 714 new homes, including 310 affordable properties.
This funding also rewards councils for bringing long-term empty properties back into use.
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Housing Minister Mark Prisk claimed the New Homes Bonus proved critical in ensuring communities see the benefit of housing growth in their area.
He said: "For years, developers found themselves at loggerheads with communities unconvinced that their plans for growth would benefit them.
"But the New Homes Bonus is turning this around.
"The £1.3billion paid out to councils to date has meant that now local people are able to see the rewards of new developments in their area – paving the way for thousands of much-needed, locally-supported homes to be delivered across the country."