Clegg pledges more investment to unblock development

Dec. 1, 2012
The deputy prime minister Nick Clegg has pledged new investment in the housing market to unblock development and help "give British families the homes that they need".<br> <br> In a speech to the NHBC annual lunch in London last month, Clegg announced £225 million of new government money to help de-risk projects that are blocked.<br> <br> "The coalition has identified major housing projects that have hit a wall and we are intervening directly to unblock them," he said. "We are working with a number of locally-led schemes, ranging from 4,000 to 9,500 units in size which in total will deliver up to 48,600 new homes."<br> <br> He also confirmed that the European Investment Bank will be injecting £400 million into the UK affordable housing sector. "That money will be allocated next March at the latest and will help deliver new energy efficient affordable homes."<br> <br> The deputy prime minister used the speech to confirm the coalition's determination to tackle the housing shortage. Clegg said that there had ben a "generational shift" in the debate about building new homes as parents watch their children struggle to buy a home. "Parents don't want their sons and daughters frozen out of the housing …

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