Rushcliffe Borough Council has received a £9.9million grant to build a new main road through the recently approved Fairham Pastures development, south of Clifton.
It comes as part of a new £866million investment from the Central Government to help potentially build 200,000 new homes across England.
The Ministry of Housing, Communities and Local Government confirmed the bid to the Housing Infrastructure Fund, and it will finance the building of a new main road though the site. It is hoped that it will lead to the development of 3,000 affordable homes.
Rushcliffe Borough Council is very pleased that the funding has been confirmed.
Councillor Roger Upton, Cabinet Portfolio Holder for Housing and Planning at Rushcliffe Borough Council said: “We very much welcome this HIF funding that will allow developers to greatly improve the pace of delivering homes on the site.
“this is a major boost for one of our strategic housing sites.”
He added: “We have some major challenges of delivering over 13,000 homes across the borough in the next decade and this is a major boost for one of our strategic housing sites.”
“It should minimise any delays with the road infrastructure on the site and help the developers build these much needed homes for Rushcliffe and surrounding areas.”
Planning permission was granted for the site on Thursday, January 25 for new homes, community facilities, a health centre, a new primary school and employment land, and could generate an excess of 2,500 new jobs.
With the Central Government committed to building 300,000 homes a year by 2025, this first wave of funding from the £5billion Housing Infrastructure Fund is part of a large project to fix the broken housing market across the country.