Page last updated at 15:58 GMT, Saturday, 23 January 2010

Grant revives stalled Surrey housing development

generic building site
The development is due to be completed by March 2011

A housing development in Surrey which stalled in the recession is back on track with a government grant.

Work on the site near Epsom railway station stopped in 2008, but developer Crest Nicholson has received more than a £4.2m to revive the scheme.

The funding will be used to build 72 new homes in Rosebank Road.

Twenty eight will be "affordable homes", 37 available under a shared equity scheme and seven sold on the open market.

The Kickstart funding scheme is run by the Homes and Communities Agency (HCA), the housing and regeneration agency for England.

The agreement aims to get the Epsom project completed by March 2011.

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