Hatch Regeneris secures £150m in the latest allocation of Housing Infrastructure Funding (HIF)

Last month the Chancellor Sajid Javid announced the latest tranche of Housing Infrastructure Funding (HIF), with the allocation of £600m for a further 50,000 new homes in areas of high need across the UK.  This included funding for two schemes supported by Hatch Regeneris.

East London Line – Growth Capacity. This includes £81 million for capacity improvements on the East London Line, improvements to Canada Water station and upgrades to local bus services. It is expected to unlock the delivery of 11,500 new homes in parts of South East London experiencing very high demand for housing.

Transformational Growth in Biggleswade. This includes £70 million for upgrades to the local utilities network, a new secondary school, a pedestrian crossing over the East Coast Mainline and upgrades to Biggleswade train station. These improvements will together unlock the delivery of 2,500 homes and support the longer term delivery of homes across Central Bedfordshire.

Both schemes will support planned sustainable growth that will deliver a wide range of benefits for current and future residents.

The HIF was launched in July 2017, and to date has allocated £1.9bn to deliver 126,000 houses in high demand areas.  Over this time Hatch Regeneris have successfully supported clients to access over £670 million to unlock the delivery of 40,000 new homes across the UK.

For more information please contact Daniel Lindsay, Associate Director, Hatch Regeneris.

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