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Build now, pay later sites revealed

April 4th, 2011
House Building

House Building

The six locations that are to be used a part of the new build now, pay later scheme have been unveiled by housing minister Grant Shapps.

Under the project, house builders will be allowed to construct homes without first having to pay for the land they are on.

The locations are in Hemel Hempstead, Basingstoke and Tower Hamlets, in addition to those in Northampton, Nottinghamshire and Telford.

It is thought the programme will enable the building of an extra 3,000 properties in the UK, in addition to 18,000 jobs in the sector being safeguarded.

Mr Shapps commented: “These will be the first of many sites as all government departments will now be asked to make land available for housebuilding and, crucially, will be held accountable.”

Other areas of the UK that are set to benefit from new government initiatives include Liverpool, Manchester, Nottingham and London, which will be home to the new Enterprise Zones.

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