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£95 million cash boost for new Woking homes

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£95 million cash boost for new Woking homes

Published by the Eagle Radio News Team at 6:20pm 12th June 2019.

Thousands of new homes will be built in Woking as the government has injected £95 million pounds into the town.

The plans are as a result of a £142 million investment in infrastructure in growing communities, the Housing Minister Kit Malthouse MP confirmed today (11 June 2019).

It's hoped the cash will unlock land to build up to 4,500 homes in the town.

Money will also be spent on widening bridges, building roads and connecting utilities.

The money will pay to widen the Victoria Arch Bridge, to pay for road improvements, buying land and connecting utilities.

The project, which is being delivered by Surrey county council, is expected to significantly reduce congestion in the area, as well as opening up land for housing.

The spending, under the Housing Infrastructure Fund, is all part of the government’s drive to deliver 300,000 homes a year by the mid-2020s.

Colin Kemp, Deputy Leader of Surrey County Council, said:

“We’re delighted that this funding has been awarded as it will help deliver infrastructure improvements in both road and rail as well as facilitate new housing in Woking and the surrounding area .

“Working in partnership with Woking Borough Council means we’re helping to keep Woking’s town centre a vibrant and attractive place for employers, retailers, residents and visitors.”

Housing Minister Kit Malthouse MP said:

"For decades, governments of all stripes and types have not built enough new homes but we are turning that around, brick by brick.

We are driving to create homes, opportunities and thriving communities – and this £142 million investment will mean we can build more of the properties our country so badly needs.

We need to keep upping our game and build more, better, faster, if we are to meet our ambition to deliver 300,000 homes a year by the mid-2020s."

The funding confirmed today comes from the government’s £5.5 billion Housing Infrastructure Fund so that land can be made ready for development.

Money is allocated to authorities after a competitive funding allocation process.

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