Yvette Cooper says £40m growth points fund will unlock funding to sites in 45 towns and cities

Housing minister Yvette Cooper has annouced funding to unlock sites in 45 towns and cities for housing and employment development.

In a speech at a northern regeneration conference today, Cooper announced that 29 bids had been succesful in applying for the government’s £40m growth points fund.

The government claims that the funding will unlock sites for 100,000 extra new homes over the next ten years on top of those already previously planned for.

The money will be spent on infrastructure and environmental measures to mitigate the impact of development. The aim of the growth point fund is to stimulate development by plugging infrastructure gaps.

More than 70 local authorities facing high housing demand from across the midlands and the south of England put in bids for the fund.

The successful 29 bidders include several partnerships between local authorities, including the three cities bid by Derby, Leicester and Nottingham councils.

This bid includes support for low environmental impact settlement at Ashton Green in Leicester, and a new park connecting Derby city centre to the Derwent Valley.

More information on the succesful bids can be downloaded via the link at the bottom of the page.