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EU sanctions aid to fund housebuilding

Series: Estates Gazette ; (0231) 3 August 2002, 22(1)Publication details: 2002Subject(s): Summary: Developers have been given a big funding boost after the European Commission ruled to allow state aid for housing schemes. This enables government to use a new funding programme, which will provide up to 60% of the up-front costs for residential developments that would otherwise be ineligible.

Developers have been given a big funding boost after the European Commission ruled to allow state aid for housing schemes. This enables government to use a new funding programme, which will provide up to 60% of the up-front costs for residential developments that would otherwise be ineligible.