Budget 2021: £2bn for new homes on derelict or unused land
Almost £2bn will be invested by the government into building new homes on derelict or unused land in England, the chancellor is expected to announce in Wednesday's Budget.
The government said 160,000 greener homes could be built on brownfield land the size of 2,000 football pitches.
It also pledged to invest £9m towards 100 urban "pocket parks" across the UK.
However, concerns have been raised that not enough affordable homes are being built.
Nigel Wilson, chief executive of Legal and General, told the BBC's Today programme the £1.8bn investment was the "right direction of travel", but was "not enough scale right now".
He warned people living in smaller cities and towns were being "left behind" due to not enough homes being constructed.
"You shouldn't have to be rich to be green," he said. "It's very difficult for poorer people to get on the green (housing) ladder.
"There's a lot of active listening going on (by the government), but we don't just want CGI housing - we want real housing built across the UK."
The government said the funding was part of its efforts to meet the UK's net zero target by 2050.
It hopes the plans will help regenerate parts of England and support 50,000 new jobs.
Six things that could affect you in the Budget
Budget about investing in public services - Sunak
The proposals also include creating so-called "pocket parks" - measuring the size of a tennis court - to create more green spaces.
More than 2.5 million people across the UK currently live further than a 10 minute walk from their closest green space.
The chancellor is also expected to confirm £65m to develop new software to help with the digitisation of the town planning system at the Budget and Spending Review.
The first phase will see the system rolled out to up to 175 Local Authorities in England.
Previous Story
- UK retail sales drop for fifth month in...
- UK borrowing drops lower than expected in September
- Mode rolls out payments and bitcoin rewards solution...
- The North Face reveals first names of Explore...
- US private equity firm CD&R wins takeover auction...
- Deichmann helps to raise money for nonprofit Barnardo’s
- Four in five UK retailers could close stores...
- American Marie Claire to cease print publication