Househunters in the south-west of England may soon benefit from more affordable homes after the Homes and Communities Agency announced that it has shortlisted the region for a £65.7 million funding boost.

Some 25 stalled housing projects in the south-west may be eligible for funding through the HCA's Kickstart scheme, speeding the delivery of new affordable homes.

Colin Molton, regional director of the HCA in the south-west, said the funding will help to provide over 2,000 new properties and job opportunities in the region.

"This is an important announcement for the home building industry that will see work starting on sites that could not previously progress because of the wider economic crisis and collapse of mortgage availability," added Stewart Baseley, executive chairman of the Home Builders Federation.

Those looking to buy in the West Midlands can also look forward to more affordable properties to choose from after the region received a £109 million slice of construction funding.
Source:31/07/09