The launch of the £15 million Black Country Housing Fund was undertaken on 11th September 2015 to an audience of housebuilders, developers and professionals at the Hawthorns in West Bromwich.

The Black Country Housing Fund is in addition to £55 million of funding secured through the Local Growth Fund, which is available to support the delivery of new housing schemes.

The launch was addressed by Dr. Chris Handy OBE, Board Member of the Black Country Local Enterprise Partnership and Chief Executive of Accord Housing Group, who highlighted the opportunities provided by the large areas of brownfield land suitable for new housing to accommodate planned housing growth in the Black Country and the Black Country Housing Fund as a key tool to unlock these sites. Chris Handy commented as follows;

The Black Country LEP recognises the barriers to development provided by brownfield sites and have successfully made our case to Central Government for funding to address the specific issues of development in the Black Country. The Black Country Housing Fund can meet the upfront costs of site remediation and servicing with funding repayable over a period of up to 10 years as sites are developed out.”

 “Additionally we are also able to provide funding for the undertaking of site investigations which are a key requirement to unlocking brownfield sites.”

 “The Black Country LEP is keen to engage with landowners and developers to overcome the barriers to the acceleration of housing development to meet a real need within the area.”

The launch also heard details of measures which have been put in place to simplify and accelerate the assessment process with the requirement to identify a programme of priority schemes capable by early delivery with the support of the Housing Fund by end of November 2015.

Further details of the Black Country Housing Fund and other funding programmes are available at;

www.blackcountrydevelopmentfunding.co.uk

or telephone Chris Thomas or Andrew Croot on 01527 871 640.