George Osbourne outlines Government commitment to 15,000 homes scheme for Ebbsfleet (From News Shopper)
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George Osbourne outlines Government commitment to 15,000 homes scheme for Ebbsfleet
The land at Ebbsfleet has been earmarked for development for years and still resembles a quarry- its former use before it was bought up by Land Securities.
Chancellor George Osbourne has outlined the Government's committment to 'get Britain building' by putting the nation's first 'Garden City' in 100 years in Ebbsfleet.
Mr Osbourne explained his Budget was putting aside £150m of finance for housing projects across the country.
He said the government would not only be funding regeneration but would also be extending the support for mortgages until the end of the decade.
He said: "In the South East where the pressure is greatest we’re going to build new homes in Barking Riverside, regenerate Brent Cross, and build the first new garden city in almost 100 years at Ebbsfleet.
"We’re going to build 15,000 homes there, put in the infrastructure, set up the development corporation and make it happen."
Mr Osbourne said the previous Labour government had made the announcement a decade ago to build thousands of homes in Ebbsfleet but only 300 had been built.
He said "it was more ebb than fleet".
However hundreds of homes have built all over north Kent in the last decade with development of Ingress Park near Bluewater, in Dartford and in Stone.
Mr Osbourne added: "I thank my honourable friends for Dartford and Gravesham for their tremendous support.
"And we will be publishing a prospectus on the future of garden cities.
"Taken all together, the housing policies I announce today will support over 200,000 new homes for families.
"We’re getting Britain building."
Dartford MP Gareth Johnson welcomed the plans.
He said: “It’s good news to hear there will be a prospectus published about the Ebbsfleet plans by Easter this year.
"It will put meat on the bones of this exciting proposal.”
Land Securities, who purchased the site around 2000, have so far only built the Castle Hill development at Ebbsfleet.
A company spokesman said: "Land Securities welcomes the Government’s announcement that it will be consulting on the creation of an Urban Development Corporation for Ebbsfleet Valley.
"The new arrangements should make it easier, quicker and cheaper to deliver a new garden city at Ebbsfleet and provide thousands of much needed new homes in the south-east.
" Parts of Ebbsfleet Valley today still resemble a quarry (its former use) and significant further investment is needed before homes can be built at scale – Government support, through a new UDC, will therefore be vital in delivering a garden city quickly.”
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