Builders have been given only £1m of a £525m fund to kick-start construction of houses in England, it has emerged.

The government’s Builders Finance Fund (BFF), launched in April 2014, aimed to “unlock” hundreds of housing projects stalled by the economic slowdown.

But just two projects have so far benefited from the fund which ends in March 2017.

Update from the HCA:

Reported by BBC News. You can read the full story here.

I am a journalist and author. I am a staff writer at the UK edition of WIRED magazine and in 2015 my book, Freedom of Information: A Practical Guide for UK Journalists, was published. I created FOI Directory in 2012.