North Devon housing developments given £8.5million funding boost by Government
PUBLISHED: 15:07 01 February 2018 | UPDATED: 15:07 01 February 2018
Money will go towards education and transport infrastructure for developments in Barnstaple and Ilfracombe
More than £8million of Government money will be used in North Devon to support two major housing schemes.
North Devon Council has secured £8.5million from the Housing Infrastructure Fund to support Ilfracombe’s Southern Extension and Barnstaple’s Westacott Urban Extension.
The money will go towards school and transport infrastructure needed to deliver the two schemes.
The Southern Extension will be allocated £6.5million, with Westacott receiving £2million.
North Devon Council’s executive member for housing, Councillor Brian Moores, called the funding a ‘massive boost’ for the region.
He added: “The Ilfracombe Southern Extension has the potential to deliver 750 homes and the Westacott development is capable of delivering about 950 homes, with both projects including a significant number of affordable homes.
“Ilfracombe’s schools are already at capacity, so getting the infrastructure in place is essential before any new housing can be delivered, therefore this funding is key.”
North Devon MP Peter Heaton-Jones said he was ‘absolutely delighted’ with the result after being given the news by Housing Secretary Sajid Javid.
“I’m particularly pleased with the Ilfracombe announcement. The town has often been overlooked for funding, so this is very welcome news indeed,” said Mr Heaton-Jones.
“Of course the usual planning processes will have to be followed, and it’s vital that we have all the necessary infrastructure – such as roads, schools and health services.
“But overall, these projects will go a long way to delivering many of the affordable homes that people in North Devon need.”
The grants are from the Housing Infrastructure Fund (Marginal Viability), managed by the Ministry of Housing, Communities and Local Government.
The funds will be managed by North Devon Council and used to ensure the proposed developments are viable.
The first phase of Barnstaple’s Westacott development was re-approved last month after a dispute over education contributions.
Amended plans for Ilfracombe Southern Extension were approved by North Devon Council’s planning committee back in May.