The Government has announced funding which may this may offer opportunities for the conversion of difficult derelict heritage buildings into new housing.
To achieve the Government’s commitment to deliver 300,000 new homes by the mid-2020s, 2 new streams of investment – the Land Assembly Fund and the Small Sites Fund – have been launched.
The £1.9 million is intended to remove barriers such as contamination and complex land ownership to make development less risky and boost house building. This may offer both risks and opportunities for heritage sites and prospective development.
Housing Secretary James Brokenshire MP has also announced a new partnership with Barclays Bank to provide £1 billion of loan finance to help support small and medium sized developers.
The Housing Delivery Fund will support the delivery of new homes, including social housing, retirement living and apartments for rent, whilst also encouraging greater innovation on how housing is delivered such as brownfield land and urban regeneration projects. With support ranging between £5 million and £10 million.