en.Wedoany.com Reported - National Highways has recently announced the launch of the third round of its Road Investment Strategy Housing Fund, totalling £165 million. The housing fund will focus on supporting residential projects located along motorways and A-roads where transport connectivity is the sole factor hindering development.

Only local and metropolitan authorities can apply directly for the housing fund, but National Highways "actively encourages" applicants to engage early with developer partners to strengthen their applications. The target ratio for match funding is 3:1, meaning two parts public funding and one part private funding correspond to one part housing fund grant. National Highways stated it will maximise impact and accelerate delivery by working with local authorities and developers.

Project works eligible for a portion of the housing fund include junction improvements, public transport and active travel route facilities, as well as signals and signage. Elliott Shaw, Chief Customer and Strategy Officer at National Highways, said: "This housing fund will help unlock the transport connections needed for new homes and jobs, supporting the government's ambitions for economic growth. I encourage authorities to bring forward schemes where targeted transport interventions can drive development forward."

Transport Secretary Heidi Alexander said: "Too many homes and job opportunities have been stalled for years, held back by a lack of supporting infrastructure. This housing fund will pave the way for long-dormant developments, funding the transport connections needed for stalled sites and creating new jobs and opportunities for communities."

The housing fund is managed by National Highways, and authorities can express their interest by 19 June. Previous rounds of the Road Investment Strategy Housing Fund have already provided transport infrastructure support for multiple residential projects.

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