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Government oks £77m housing PFI

Tuesday July 26th, 2011

According to media reports the Government has cleared the way to build 350 affordable homes in west Wiltshire using PFI.

Wiltshire Council’s case for £77m of PFI investment has been supported by housing minister Grant Shapps allowing the final business case to go to the government for approval.

The PFI housing plan is the second major scheme to pass through the vetting procedure with flying colours after a £155m scheme for 1600 homes in Salford won clearance earlier this month.

John Thomson, Wiltshire cabinet member for housing, said: “I am really pleased we have been able to work with the Government to ensure these 350 much-needed affordable homes can be built, despite the difficult financial times. It is especially important during the economic downturn that we are able to provide enough good quality accommodation for Wiltshire’s residents.”

The next step will see the council produce a final business case for the project, which must be signed off by the HCA, the Department for Communities and Local Government and the Treasury.

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