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The government has announced a fresh injection of 拢225m to help unlock stalled housing development, which in total is expected to bring forward nearly 50,000 homes.

In a speech to the National House 好色先生TV Council鈥檚 annual lunch today, deputy prime minister Nick Clegg is expected to announce the move, which will see the government provide 拢225m to help unlock a number of 鈥渓arge locally-led schemes鈥�, ranging in size from 4,000 to 9,500 home.

The move will deliver in total up to 48,600 homes, he is expected to say.

Clegg is expected to say: 鈥淭he sites have been held up for various reasons: cash-flow problems following the banking crash; bureaucracy and licensing issues, a lack of upfront investment for infrastructure.

鈥淪ome for up to ten years. And while all of them have strong local supporters, their communities are, understandably, becoming frustrated by these delays.鈥�

鈥淪o we will unlock the barriers to investment. We will make sure that bureaucracy does not hold back these developments: bringing partners together to get action on the ground.

鈥淎nd, where investment is required, I can announce new funding. We will provide 拢225m of government money which will also leverage private investment to effectively de-risk these or similar projects and get them moving.

鈥淲e will work with prospective developments and ensure that any public sector investment secures value for money from the taxpayer and once these developments are complete, the taxpayer will get that money back.鈥�

Clegg is also expected to reaffirm the government鈥檚 commitment to run a competition to promote a new generation of large-scale housing projects, first set out in the government鈥檚 housing strategy last year.

He will say the government is currently working up a prospectus setting out more detail on the initiative, which is aimed at creating a new wave of garden cities and suburbs. 鈥淲e鈥檙e hammering out the detail of that now - and there鈥檚 some fairly lively debate happening in government about how to do this.

鈥淏ut I鈥檓 very clear: I want the prospectus to offer real and meaningful incentives so that it encourages projects that are big and bold,鈥� he is expected to say.

鈥淕overnment needs to get better at encouraging these kinds of long-term developments, which, by definition, take time and need certainty. Departments aren鈥檛 used to thinking beyond the next Spending Review, let alone the next Parliament - but we need to shift our sights.

鈥淥f course, we can鈥檛 start making decisions for the next spending round now and we need to be realistic about the pressure on the public finances, which will continue for some time. But we can and we must ensure local areas have the time and the direction to prepare their bids.

鈥淚 want us to make the best offers to the most ambitious proposals. So not just 5000 new homes; but fifteen thousand, twenty-five thousand.

鈥淚 want us to encourage projects which are sustainable and socially diverse. Where it makes sense I want us to designate more, new greenbelt around new settlements- that鈥檚 something no government has really done for a generation.鈥�

Mike Quinton, chief executive at NHBC, welcomed the move to provide more targeted support to 鈥渁n ailing industry鈥�. 鈥淭he plan to create new Garden Cities and large-scale housing is bold, but at its heart lies a commitment to increase the number of homes being built, and we look forward to hearing more,鈥� he said.

David Orr, chief executive of the National Housing Federation, welcomed Clegg鈥檚 comments. 鈥淔or decades we have only been building about half the number of homes we need,鈥� he said.

鈥淲e welcome the Deputy Prime Minister鈥檚 call for a long-term, comprehensive house building programme rather than ad-hoc initiatives, and hope this is reflected in wider housing policy.

鈥淏ut such an ambitious programme shouldn鈥檛 come at the expense of other shorter-term measures which could deliver growth quicker, for example giving small parcels of public sector land over to developers to be built on.鈥�