Hull and East Yorkshire Combined Authority has secured a £21 million funding package to regenerate underused brownfield land into new housing developments over the next four years.
A major financial boost has been secured to transform underused land across East Yorkshire and Hull into thriving new neighbourhoods.
The Hull and East Yorkshire Combined Authority has successfully acquired a four-year funding package worth £21 million. The authority expects this substantial investment to unlock the delivery of new homes across the region, breathing new life into areas that have previously been neglected.
According to the Combined Authority, the multi-million-pound package will play a key role in supporting regeneration efforts in communities throughout East Yorkshire. By improving local areas, the initiative aims to create enhanced places where people can both live and work.
The strategic focus of the funding is to accelerate the development of stalled sites. Through this acceleration, the Combined Authority aims to attract fresh investment and drive local economic growth across the region.
Mayor of Hull and East Yorkshire, Luke Campbell MBE, welcomed the announcement. He said:
"This is fantastic news for Hull and East Yorkshire. It means we can speed up the delivery of new homes and regenerate areas that’ve been waiting for fresh investment.
Unlocking these sites creates jobs, grows our economy and opens up better opportunities for people right across our region."
Developing brownfield land often presents complex challenges for planners and builders. The Combined Authority notes that these underused sites frequently suffer from issues ranging from environmental contamination to significantly higher construction costs compared to greenfield alternatives.
This newly secured funding is specifically designed to tackle those developmental barriers head-on. By mitigating these challenges, the financial support will allow stalled or previously unviable sites to move forward and actively contribute to local economic growth.
The Combined Authority is currently awaiting further details from the government regarding the specifics of the fund. Once these details are confirmed, officials will outline exactly how the £21 million funding will be allocated and utilised to maximise its impact across communities in East Yorkshire and Hull.
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