Up to 4,500 new homes could be built in Woking as a result of a £95 million investment in infrastructure, the Housing Minister Kit Malthouse MP confirmed today.
The money will be spent on widening the Victoria Arch Bridge to remove a major traffic bottleneck in the town.
The spending, under the Housing Infrastructure Fund, is all part of the government’s drive to deliver 300,000 homes a year by the mid-2020s.
Surrey County Council estimate that 4,555 homes will be unlocked as a result of the investment by 2030.
Housing Minister, Kit Malthouse MP, said: “For decades, governments of all stripes and types have not built enough new homes, and we need to see urgent action to turn that around. This £95 million investment in Woking town centre will mean the town is ready to support thousands of much-needed new homes. We are making money available in Surrey so we can build more, better, faster and meet our ambition to deliver 300,000 homes a year by the mid-2020s.”
Cllr David Bittleston, Leader of Woking Borough Council, said: “This is fantastic news, not only for Woking but also the wider region. I am delighted that central government has recognised the substantial investment we have made in our borough. By working in partnership with Surrey County Council and other key stakeholders, we can now deliver significant improvements to the local road and rail infrastructure, whilst supporting the continued growth of Woking.”
The funding comes from the Government’s £5.5 billion Housing Infrastructure Fund so that land can be made ready for development.