The UK government’s new Growth and Housing Accelerator Fund will focus on unlocking stalled development sites by addressing gaps in transport infrastructure funding.
Backed by an initial £165m, the fund forms part of Road Investment Strategy 3 (RIS3) and is aimed at accelerating housing delivery where progress has been held back by limited road capacity or connectivity.
The initiative will prioritise sites located on or near key motorway and A-road corridors across England, helping to improve access, reduce congestion and enable new residential development to move forward.
Secretary of State Heidi Alexander said: “Too many housing and employment opportunities have stalled for years, held back by the infrastructure that wasn’t there to support them.
“This fund will pave the way for developments that have sat idle for too long, funding the transport links that stalled sites need to get moving and generating new jobs and opportunities for communities that deserve them.”
National Highways will invite local authorities in the coming weeks to put forward development sites for consideration under the new fund.
A rolling programme of approved and funded schemes is expected to be published from the end of the 2026/27 financial year, setting out which projects will receive support to unlock housing and infrastructure delivery.
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