Builders have been given only £1m of a £525m fund to kick-start construction of houses in England, it has emerged.

The government’s Builders Finance Fund (BFF), launched in April 2014, aimed to “unlock” hundreds of housing projects stalled by the economic slowdown.

But just two projects have so far benefited from the fund which ends in March 2017.

Update from the HCA:

Reported by BBC News. You can read the full story here.

I am a journalist and author. I am a journalist at the UK edition of WIRED magazine. In 2015, my first book Freedom of Information: A Practical Guide for UK Journalists, was published. My second book Reed Hastings: Building Netflix, was published in March 2020. I created FOI Directory in 2012 and have maintained it in my spare time ever since.