Somerset stands to benefit from a newly launched £165 million government fund aimed at accelerating housing developments alongside key road networks in England. The Department for Transport (DfT) unveiled its third Road Investment Strategy (RIS3) on March 26, prioritizing major road projects through 2031. However, no new Somerset-centric road projects are slated for funding within this five-year window, meaning traffic congestion on the M5, A303, and other major routes will persist.
The government’s new Growth and Housing Accelerator Fund focuses on providing essential gap-funding for housing and employment developments located near roads operated by National Highways, such as the M5 and A303. This fund targets projects where development viability is challenged and alternative funding sources are absent.
Somerset Council has acknowledged the fund’s launch but is currently awaiting detailed guidelines before identifying potential beneficiary sites. Possible applications include constructing new road junctions, bypasses, relief roads, enhanced active travel routes, and other transport infrastructure improvements that support housing growth.
READ MORE: Investec Champions Cup Semi-Final Fixtures and Kick-Off Times Announced
READ MORE: Bath City Keep Survival Hopes Alive as Weston Eyes Play-Off Spot
The DfT emphasizes prioritizing areas historically underserved by infrastructure funding, especially sites facing significant delays. Transport Secretary Heidi Alexander MP underscored the fund’s mission to eliminate barriers hindering stalled housing and employment projects, stimulating new jobs and growth in deserving communities.
Somerset features several housing developments along the M5 corridor—such as Isleport Grove in Highbridge, Folletts Farm in Bridgwater, Newton Road in North Petherton, and Monkton Heathfield’s ongoing urban extension in Taunton. Similarly, the A303 corridor includes planned developments at Broadway Hill near Ilminster, Hainbury Farm in Ilchester, and High Street in Sparkford.
Housing Secretary Steve Reed MP highlighted that building more homes with strong transport links is essential to helping people find decent housing near jobs and communities. The government aims to reach 1.5 million new homes, creating vibrant neighborhoods where residents can thrive.
National Highways will soon invite local authorities to submit proposals for funding consideration, with a rolling programme of approved schemes expected by early 2027. Elliot Shaw, Executive Director at National Highways, remarked that reliable roads are fundamental to shaping housing development and encouraging business investment.
Somerset Council remains cautious but optimistic about applying for the fund and will assess opportunities once further information is available. A spokesperson confirmed: “We are aware of the funding opportunity and are currently awaiting further details. Once this information is available, we will review and explore which opportunities to pursue for funding applications.”