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Strategic Housing Infrastructure Fund
It has been identified that some of the issues in the Black Country are the costs and timescales of bringing forward contaminated, or previously used sites, for redevelopment. The establishment of the Strategic Housing Infrastructure Fund seeks to address this issue. This £15 million fund is available by way of PWLB loan at a flexible rate through the Black Country Growth Deal for Residential.
The key principles behind the Investment Loan Fund are to:
- assist with strategic infrastructure investment
- facilitate medium and large scale residential development projects
This funding is only available by way of loan for a period of up to 10 years with interest only repayment required pending capital repayment upon disposal of the site (or in appropriate phases).
For further information or advice please contact:
- Andy Croot
- Chris Thomas