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The £770 million Growing Places Fund is intended to support local infrastructure projects which unlock housing and economic growth. The original allocation of £500 million was distributed to respective Local Enterprise Partnerships in February and then in March's Budget, the Chancellor of the Exchequer, my right hon. Friend the Member for Tatton (Mr Osborne), announced an additional £270 million which was distributed to all Enterprise Partnerships before the end of the 2011-12 financial year. As we outlined in the Fund's prospectus, this is an unringfenced grant so it will be for local areas to decide priorities and which projects to support, and we have not set any top-down targets for the number of houses to be built. |