Roads: Finance:Written question - 17485

Asked by Iain Stewart
(Milton Keynes South)
Asked on: 24 November 2015
Department for Transport
Roads: Finance
To ask the Secretary of State for Transport, what contribution the Local Pinch Point Fund has made towards increasing the housing supply.
Answered by: Andrew Jones
Answered on: 02 December 2015

The Department is providing £263 million through the Local Pinch Point Fund, targeted at traffic congestion hot-spots, which when combined with local authority and developer contributions is funding schemes costing around £500 million.

Based on estimates from the promoting authorities, many of the schemes awarded funding encourage housing and commercial development around them, with the potential to support around 150,000 new homes and 200,000 jobs.

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