Grant funding
The following section contains information to ensure that the council complies with subsidy control transparency requirements.
Housing Infrastructure Fund
Marginal Viability Fund, Stockport Hopes Carr Phase 3
Over £4 billion has been allocated from the Housing Infrastructure Fund, managed by Homes England, to local authorities for infrastructure to unlock stalled housing. It will help to unlock up to 324,000 new homes by helping to fund much needed infrastructure in areas of greatest housing demand.
We received £805,000 from Homes England from the Housing Infrastructure Fund. We've allocated £801,300 from the fund to Seddon Construction Limited. This is towards the project known as Stockport Hopes Carr Phase 3. This was awarded in exercise of our powers under section 1 Localism Act 2022.
The grant was made by Stockport Council to Seddon Construction Limited on 14 March 2022 to be drawn down by Seddon Construction Limited by 31 March 2022. With a project completion date of 31 March 2023.