Mark Whitehead 25 June 2019

Government announces £155m of loans to build housing

Government announces £155m of loans to build housing image

Loans worth £155m have been announced to create 660 new homes in Wimbledon and Southampton.

Housing minister Kit Malthouse said the loans were the first to be agreed under the Government's housing delivery fund.

In Wimbledon a total of £150m will be loaned to Merton Catalyst LLP, a joint venture between housing association Catalyst and developer Galliard.

In Southampton, Cannon Capital Developments will receive a £5.3m loan to convert a former commercial building into 56 apartments for private sale in the city’s Ogle Road.

The fund was set up by the Government and Barclays Corporate Banking last year to provide £1bn of loan finance to 'open up the housing market' and help small and medium-sized developers to deliver new homes.

Mr Malthouse said: 'Upping our game to build more, better and faster is how we are going to meet our ambition of delivering 300,000 homes a year by the middle of the next decade.'

Time for a council tax precept to fund CCTV image

Time for a council tax precept to fund CCTV

The crisis in funding for CCTV systems is not being addressed by the government or the police and is leading to the curtailment of this vital service in local authorities across the country. How can we ensure that communities that want this service continue to receive it, asks Tom Reeve.
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