Council closer to peninsula bid
by Natalie Vincent Fri 20 April 2018, 10:06 am
Medway Council has successfully passed through the first round of a major funding bid which could bring £170 million of investment to unlock potential growth on the Hoo Peninsula.
On 21 March the Ministry of Housing, Communities and Local Government announced that Medway is one of 45 local authorities which has moved to the next stage of the Housing Infrastructure Fund, a government capital grant programme of up to £5 billion, which will help to deliver a potential 600,000 new homes in England.
Funding will be awarded to local authorities on a competitive basis, providing money for infrastructure that will unlock homes in the areas of greatest housing demand.
Alan Jarrett, leader of Medway Council, said: "We now have an excellent platform for us to put a very persuasive case to the government for the next round of the funding bid. If finally successful, securing a bid like this would give us the exciting opportunity to deliver a sustainable community with new and improved facilities on the Hoo Peninsula."