Department for Education offering loans to housing developers to boost new house and school building momentum

Housing developers will be given loans so they can deliver thousands of school places up front, so they are ready for communities before new properties are finished. FE News reports.

To meet the rising demand for more places at good schools, and help families get on the property ladder, the Education Secretary Gavin Williamson has today (Thursday 10 October) said up to £20 million per school would be made available to builders.

The scheme will incentivise developers to build more properties in the areas most in need – including on sites that have stood empty for a long period of time.

Education Secretary Gavin Williamson, said: “…we know that in some cases, building schools and properties at the same time so they are ready for new communities can be challenging for housing developers. That’s why we are launching these loans today, to help parents secure a good school place for their child at the same time as moving into a new family home.”

Read more Department for Education offering loans to housing developers to boost new house and school building momentum 

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