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:
@FOIdirectory Update on BBC BFF story figures 8 contracts worth £11.7m signed 33 in progress worth £66m 85 in DueDiligence worth £200m+
— HCA (@HCA_UK) October 16, 2015