Torbay MP Kevin Foster has welcomed today’s (Friday 16th February)announcement of a £4m government funding boost for three housing projects in Paignton.
The funding comes from the Government’s Land Release Fund which aims to ensure local councils release some of their unused or surplus land for housing. This will help to meet the ambition of unlock enough council-owned land nationally for at least 160,000 new homes by 2020.
Councils could bid for funding to deliver land remediation and small-scale infrastructure, which will help bring sites forward for housing which would not have otherwise been developed. The successful bids submitted by Torbay Council for three projects in Paignton were Victoria Square (£900,000), Preston Down Road (£1,100,000) and Collaton St Mary (£1,976,000).
Kevin said: “This £4m boost is welcome news for Paignton and will help deliver the homes local families need. I look forward to hearing the details of how Torbay Council will use this funding to unlock sites in Paignton and deliver regeneration in the heart of Paignton Town Centre through the project for Victoria Square.”