Monday, 15 August 2016

MoD planning to sell land for house building

The Ministry of Defence (MoD) is planning to sell off the land from 12 of its sites around the UK for housing development, and to raise around £500m for defence budgets.
The land from the sites is expected to be suitable for the building of 15,000 new homes.
Defence Minister Mark Lancaster commented that funds from the sale of the land will be put back into defence budgets, and the land will be used to help reach the government target of building 160,000 homes by 2020.
The 12 sites will be the first to be sold by the MoD, with further sites to be put up for sale in due course. Plans are in place to raise £1bn altogether via the sale of land, which should allow around 55,000 homes to contribute to the government's 2020 target.
The initial 12 sites will include Kneller Hall in Twickenham, Claro and Deverell barracks in Ripon, Lodge Hill in Kent and RAF Barnham in Suffolk.
Details of future sites to be sold will be announced by the MoD later in the year.

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