The Oxfordshire Growth Board has secured £215m of Government investment for new homes and infrastructure across Oxfordshire.
The Oxfordshire Housing and Growth Deal, announced in today’s (22/11) Budget, will provide £60m for affordable housing and £150m for infrastructure improvements, including road and rail.
This will support the ambition of building 100,000 new homes across Oxfordshire between 2011 and 2031 to address the county’s severe housing shortage and expected economic growth.
The Growth Board wants the deal to be the first stage in a sustained partnership with Government to secure on-going investment.
Separately, the Growth Board has already submitted bids to the Government to support Didcot Garden Town, and West Oxfordshire and North of Oxford Garden Villages.
The Oxfordshire Growth Board includes Oxfordshire’s six councils - Cherwell District Council, Oxford City Council, Oxfordshire County Council, South Oxfordshire District Council, Vale of White Horse District Council and West Oxfordshire District Council - and Oxfordshire Local Enterprise Partnership.
- Press release about the Oxfordshire Housing and Growth Deal
- Oxfordshire Housing and Growth Deal Outline Agreement
The leaders of Oxfordshire’s councils and the Secretary of State for Communities and Local Government, Sajid Javid, exchanged letters to confirm the Oxfordshire Housing and Growth Deal Outline Agreement. The agreement has already received support from the University of Oxford and Harwell Campus.