Press release from Cherwell District Council on The Oxfordshire Housing and Growth Deal’ –
A Government deal to help Oxfordshire deliver better infrastructure and more affordable homes has been welcomed by Cherwell District Council.
A meeting of the council on Monday, 26 February endorsed the deal, which has now been approved by all of Oxfordshire’s city and district councils, as well as by Oxfordshire County Council and the Oxfordshire Local Enterprise Partnership.
The Oxfordshire Housing and Growth Deal was first announced by Government in the November Budget and will see £215 million of additional funding given to support growth, deliver housing and tackle congestion across the county.
Cllr Barry Wood, leader of the council, said: “This Government funding is a ringing endorsement of our plans for the growth of Cherwell. It will assist us in tackling the shortfall of affordable housing which affects so many people, and help deliver the infrastructure we need to keep the district moving.
“The Deal also includes important provisions for supporting social mobility, enabling innovation in our economy, and making sure local workers have the skills they need to flourish. I look forward to working with Oxfordshire’s other councils to make sure we capitalise on this golden opportunity.”
The funding includes figures of £150 million for infrastructure, £60 million for affordable housing and £5 million capacity funding. It will be delivered over a five-year period.
The Deal supports the ambition of building 100,000 new homes across Oxfordshire between 2011 and 2031. It reflects the level of housing growth provided for in Cherwell’s adopted Local Plan and identified in the Oxfordshire Strategic Housing Market Assessment 2014.
The Oxfordshire Growth Board, representing all of Oxfordshire’s city, county, and district councils, will be responsible for allocating the funding and agreeing delivery programmes.