BBC News

£525m Builders' Finance Fund: Only £1m allocated

Builders have been given only £1m of a £525m fund to kick-start construction of houses in England, it has emerged.

The government's Builders Finance Fund (BFF), launched in April 2014, aimed to "unlock" hundreds of housing projects stalled by the economic slowdown.

But just two projects have so far benefited from the fund which ends in March 2017.