Image copyright Getty Images New spending on housing projects totalling £3.7bn in England has been announced by the chancellor.
Philip Hammond said £2.3bn would be spent on infrastructure – such as roads – related to housing developments.
The chancellor said the money would support the building of up to 100,000 new homes, and amounted to a “step-change” in help for the industry.
The government has also agreed to spend an extra £1.4bn on affordable housing in England.
Local authorities will be able to bid for the money under one of three existing schemes : Affordable Rent, Shared Ownership or Rent to Buy.
The Treasury estimates that could lead to 40,000 more affordable homes being built.
The money will top up the existing £4.7bn being spent on grants for affordable housing over the next five years.
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