Building work stalled by the recession is to restart on 740 homes in 10 locations, the first fruits of a government scheme to stimulate housebuilding by funding developers who cannot raise money.

John Healey, housing minister, is to announce the first £10m by the £1.5bn Housing Pledge programme during a visit to one of the projects in a deprived area of Liverpool.

The Merseyside scheme is to receive £2.7m to help a registered social landlord build 58 homes, including four for social housing and 25 at low rent. Work will begin next month on another scheme in Redcar, Teesside, which includes 12 apartments to house women fleeing domestic violence.

Financial Times