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Government pays out £15.8m to help local housebuilding


The Government has paid out the first £15.8m of a £25m fund to help speed up planning decisions and help deliver quality new homes.

The Planning Delivery Fund was announced by former housing minister Alok Sharma last December.

The first wave of funding has now been awarded to help councils process more applications, implement new reforms and train planners to tackle the housing challenges.

A Government statement says the cash will also help local authorities work together on new joint local plans.

The statement adds: “The funding will also support greater best practice and innovation within councils as they decide planning applications, resulting in more being determined over a shorter period of time.”

This first wave of funding has been split into three streams.

These are the Joint Working Fund (£9.4m), Design Quality Fund (£4.82m) and Promoting Innovation Fund (£1.07m).

The Government got 383 applications for funding for the first wave.

The rest of the cash will be paid out after a future round of bidding.

Housing and planning minister Dominic Raab says: “This cash boost ensures councils have the resources needed to make quicker decisions on planning applications, delivering quality housing at a faster rate.

“It’s part of our strategy to build the homes this country needs whilst also supporting residents to have their say on the kind of development that takes place in their area.”




Government approves Land Registry digital plans

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Government launches Homes England in homebuilding drive

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Government gives £25m to help local authority housebuilding

The Government has launched a £25m fund to help local authorities deliver new homes.  Housing and planning minister Alok Sharma today opened the Planning Delivery Fund. The Government has opened up £11m of the cash at first to help local councils deliver quality homes. A DCLG statement says: “The fund is aimed at encouraging more […]

Strong dollar can be a powerful driver of UK dividend growth in 2015

By Robin Geffen, fund manager and CEO 

This year threatens to be a challenging one for UK dividend hunters. Last year saw an all-time record amount paid out in UK dividends — some £97.4bn, according to research from Capita Dividend Monitor. Yet as Capita also pointed out, out the biggest single factor driving the growth in the fourth quarter of last year was easy to identify: the rising US dollar. 

In our view, this trend is much more than simply a one-quarter phenomenon. It is actually the most profound issue to get right as a UK equity income investor in 2015. We believe that the US dollar will continue to strengthen significantly from its current level. This is due more to the US economy’s demonstrable de-coupling from the rest of the world than to a view on the UK. The US has a strong chance of tightening monetary conditions this year without jeopardising growth or de-stabilising its housing market. The same can unfortunately not be said about the UK.


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