Success! - Aylesbury Garden Town Housing Investment Fund (HIF) and Aylesbury Marginal Viability Fund (MVF) bids secure £172.3m investment for Aylesbury

13 Mar 2020

On Wednesday the Chancellor in his budget announced that the Aylesbury Garden Town HIF(Housing Infrastructure Fund) bid to central government had been successful. This secures £170.2m to deliver infrastructure to unlock housing growth in Aylesbury. Aylesbury Vale District Council (AVDC) worked closely with Bucks County Council in preparing the successful bid document.

AVDC has also been informed today that a complementary MVF (Marginal Viability Fund) application has been successful in securing a further £2.1 million in financial support for infrastructure for Aylesbury housing schemes.

Welcoming both announcements Councillor Angela Macpherson, Leader of AVDC, said: “housing growth without adequate investment in infrastructure has been a huge frustration for many residents of the Vale. 

“This represents recognition by the Government of the role Aylesbury Vale and Aylesbury in particular is playing in accommodating the housing growth of the County and the financial support will be enormously valuable in addressing some of our residents’ key concerns.

“This provides additional certainty on the ability of the new Buckinghamshire Council to deliver key infrastructure around Aylesbury.”

The success of these two bids represents the result of a number of years hard work by members and officers of Aylesbury Vale District Council and Bucks County Council working closely together, with the support of  Buckinghamshire Thames Valley Local Enterprise Partnership.

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