Sept. 6 (Bloomberg) -- Prime Minister David Cameron, releasing details of a relaxation of U.K. planning rules to spur house-building, said the plans would deliver up to 70,000 new homes and 140,000 jobs in a boost to the construction industry.
The plans include a government guarantee worth 40 billion pounds ($63.6 billion) for major infrastructure projects, the government said in a statement today. They also include removing restrictions on house builders to help unlock 75,000 homes currently stalled due to sites being commercially unviable.
“The measures announced today show this government is serious about rolling its sleeves up and doing all it can to kick-start the economy,” Cameron said.
“Some of the proposals are controversial; others have been a long time in coming,” he said. “But along with our housing strategy, they provide a comprehensive plan to unleash one of the biggest homebuilding programmes this country has seen in a generation. That means more investment around the county; more jobs for our people; and more young families able to realize their dreams and get on the housing ladder.”
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