Councils can now bid for funding for land remediation and small-scale infrastructure, which will help bring unused or surplus land forward for housing.
In a statement released this morning, the Government said that The Department for Communities and Local Government’s £45 million Land Release Fund, launched in partnership with the Cabinet Office and Local Government Association’s One Public Estate programme, will help to meet the ambition to unlock enough council-owned land for at least 160,000 homes by 2020.
Alongside this, One Public Estate is making £9 million funding available to support more councils to deliver ambitious property-focused programmes.
The programme channels funding and support through councils to deliver ambitious property-based projects. By 2020, councils on the programme are expected to deliver £615 million in capital receipts, £158 million running costs savings, create 44,000 new jobs and release land for 25,000 new homes.
Housing and planning minister, Alok Sharma, said: "To build the homes this country needs, we need to increase the supply of land available to build more homes, more quickly.
"As a major landowner, local authorities have a crucial role to play in this task. Through this innovative cross-government partnership, we will be able to work with councils much more effectively, helping them to meet local housing needs and transform local areas."
One Public Estate currently works with more than 70% of councils in England.