Housing Infrastructure Fund
We recognise the need for new housing in Kent to deliver new homes and infrastructure for our existing and future residents. It is essential that housing and growth is well planned and sensitively located, with infrastructure funded and built in advance of the building of new homes.
Kent is expected to deliver in excess of 175,000 new homes over the next 15 years, the Housing Infrastructure Fund (HIF) provides an opportunity to forward fund the necessary infrastructure to accelerate investment and diversify the housebuilding market in Kent, creating new housing communities.
On 4 July 2017, the Department for Communities and Local Government launched the £2.3 billion Housing Infrastructure Fund to unlock up to 100,000 new homes across the country. The HIF is aimed at providing grant funding to provide new homes in areas with the greatest need for housing, and fund vital physical infrastructure.
The 2017 autumn budget announced a further £2.7 billion to the HIF, taking the total investment to £5 billion. The fund is divided into 2 streams.
- Forward Funding: this element of the fund is intended to deliver a small number of high impact infrastructure schemes, which will give the market confidence to provide further investment and homes in the area.
- Marginal Viability Funding: potential housing sites across the country have been held back as the cost of new infrastructure is too great. This funding has been made available to district councils to bridge this gap. In Kent a total of £21m has been unlocked from this fund.
Forward Funding projects
Swale Transport Infrastructure scheme involves a series of infrastructure improvements necessary to support the long-term housing delivery on sites allocated in the adopted local plan for Swale.
Marginal Viability Funding projects
Dover Fastrack Bus Rapid Transit scheme will support the delivery of a new rapid bus link between the planned major urban expansion at Whitfield, Dover town centre and the Railway Station. The project was granted £16.1m from the fund.
Queensborough and Rushenden regeneration has secured £3.5m funding by Swale Borough Council to carry out land raising, surface water drainage and demolition works on a 25 hectare brownfield site at Queensborough and Rushenden, Isle of Sheppey. The site is owned by the Homes England and is allocated for major residential development in ‘Bearing Fruits 2031: The Swale Borough Local Plan 2017’. The development of this infrastructure would enable the delivery of phases 2-4 consisting of approximately 990 new dwellings.
Manston/Haine Roundabout was awarded £2.5m to Thanet Borough Council for the delivery of a new roundabout at the Haine Road/B2050 Manston Road junction. This scheme is designed to enable the delivery of consented residential development at EuroKent (up to 550 dwellings) and Manston Green (758 dwellings).