British finance minister Sajid Javid said he would make 600 million pounds ($729 million) available to support the building of 50,000 new homes by investing in necessary infrastructure, the latest spending pledge by the new government.
Javid said the money would go to the Housing Infrastructure Fund which helps to build road, rail links and schools to make an area viable to accommodate more housing. Javid said the spending would help deliver five new projects in London and in the counties of Essex and Bedfordshire, which are near the capital.