2 billion new investment to support the largest boosts of a generation of society and inexpensive house buildings

Part of the change plan to provide security for those who work by growing a groundbreaking presentation economy and building 1.5 million houses.

Two billion new funds will support the development of the site to be provided by this parliament and quickly get spade on the ground to build houses in places like Manchester and Liverpool.

Helping hard families to get safe and safe houses and economic growth began, and economic growth began, the prime minister and deputy prime minister (Tuesday, March 25) announced that up to 18,000 new societies and cheap houses will be built with 2 billion investment injections to make prime minister plans.

The announcement leads the economic growth by starting the construction of British construction, giving an important milestone for the government to build 1.5 million new houses. The government will follow the government's plan to inspire the next -generation UK engineers, Briki and Chipi according to the government's plan by training 60,000 construction workers to deal with technical shortages and make more young people jobs.

The 2 billion investment boost was made by the Treasury's down payment before long-term investments in the planned society and inexpensive housing at the end of this year, which will provide additional funds in 2026-27 and will provide additional funds for the next few years. This is a part of the government's plan to solve the housing crisis, and returned from the stability and security of the working family with a safe roof over the head.

By March 2027, thousands of new cheap houses will begin construction and will be completed until the end of this parliament. The government encourages providers to provide projects and bidding to provide new housing supply through the project as soon as possible, and as a result, the dream of home ownership is made to more people from all over the country.

Today's investment will also unlock development and opportunities on sites prepared in places like Manchester and Liverpool.

The superintendent announced plans for a low-cost visit to the Stoke-on-Trent and worked to provide the biggest boost to a single generation of cheap social housing.

Deputy Prime Minister Angela Rayner and the housing minister said:

Everyone deserves to have a safe and safe roof over the head, but they can make their own calls, but the reality is that too many people have denied their homes thanks to the frozen or inherited housing crisis.

This investment will help us to bring in cheaper houses, lease, and those who work and their families to safe houses and houses. This is the latest information on the change mission plan for the construction of 1.5 million houses and the biggest increase in a generation of society and inexpensive housing.

Rachel Reeves is the superintendent of Exchequer.

We are fixing the housing crisis of this country. Today's announcement will be able to lead to growth through our plans for change by providing up to 18,000 new houses.

As of June 11, 2025, at the end of the expenditure review process, the government will announce long -term investments in the UK sector and provide the largest boost to a generation of society and inexpensive housing.

Kate Henderson, CEO of National Houseing Federation, says:

This financing is very welcoming and shows the government's efforts to provide truly inexpensive social housing for families needed nationwide. More than 2 billion will prevent the cliff edge when delivering a new house before the announcement and the funding program.

Social housing is the only safe and inexpensive house for families with low income, and due to serious shortages, poverty, overcrowding and homeless people have soared. Investment in social housing is not only important for dealing with the housing crisis, but also an excellent value for money, reducing government spending on benefits, health and homeless people and promotes growth. The Housing Association is ready to cooperate with the government to provide new social housing for generations.

Charlie Nunn, the CEO of Lloyds Banking Group, said:

Safe and persistent homes are the basis for good life and livelihoods, and we help to build many social and inexpensive houses. UKS was the largest commercial supporter of social housing, working in the private, public and community sectors, helping to increase the provision of high -quality housing for those who need help.

David Thomas, the CEO of Barratt Redrow, said:

In order to increase construction activities and build houses that the UK desperately need, it is necessary to support the demand for all terms. This welcome investment will not only provide more essential homes, but also help to unlock mixed critical development and create jobs and economic growth nationwide.

Stephen Teage, the president of the Housing Forum, said:

This additional funding is a signal that the government is listening to this sector, and reaffirms the strong promise to accelerate the provision of the lowest housing necessary by leading economic growth. This indicates an unprecedented intervention that will help to meet the increasing demand for cheaper housing when paired with continuous long -term investments.

Now it must be in the industry, accelerate the delivery, builds a driving force for the government aimed at 1.5 million new houses, and provides us with urgently necessary houses for our country.

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Most of this funds will fall in 2026/27, but the tail of the fund will be completed after that. All projects that have raised funds through this $ 2 billion must begin until March 2027 and must be completed by June 2029.

The funds will be provided to the provider on the same conditions as the 2021-26's Affordable Homes program, and will serve as a bridge of future subsidies that will be announced in Spending Review. We will ask England, GLA, and bidders to prioritize social rents, according to the government's promise to support this term.

More details on the wider long -term and future subsidies will be announced in spending review. At this point, we will complement the $ 2 billion of the down payment by raising over 26/27 overall funds.

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