Iain Stewart – 2015 Parliamentary Question to the Department for Transport

The below Parliamentary question was asked by Iain Stewart on 2015-11-24.

To ask the Secretary of State for Transport, what contribution the Local Pinch Point Fund has made towards increasing the housing supply.

Andrew Jones

The Department is providing £263 million through the Local Pinch Point Fund, targeted at traffic congestion hot-spots, which when combined with local authority and developer contributions is funding schemes costing around £500 million.

Based on estimates from the promoting authorities, many of the schemes awarded funding encourage housing and commercial development around them, with the potential to support around 150,000 new homes and 200,000 jobs.