Details of a new infrastructure fund to unlock stalled housing and development sites have been confirmed by the government.

According to Construction Enquirer, the Growth and Housing Accelerator Fund will target sites where progress has stalled due to lack of transport infrastructure cash. It forms part of Road Investment Strategy 3 (RIS3) and will launch with a £165m investment.

The fund will focus on locations on or near to motorways and A-roads across England.

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 register developments for consideration and publish a rolling programme of funded schemes from the end of 2026/27.

(Picture: National Highways)