The first round of funding is available from the Brownfield Land Release Fund 2, meaning English councils will be able to bid for £40 million to deliver up to 4,000 new homes on underused brownfield sites. An additional £140 million will be allocated to councils over the next two years.
The aim of the fund is to transform disused urban areas with 17,600 new homes and to create around 54,000 jobs over the next four years.