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MORNING NEWS: Homes funding remains unspent

Good morning, this is your AM bulletin with the latest news and views from EG, along with a few of the best bits from the morning papers.

More than two-thirds of a £4.2bn government homes fund remains unspent more than six years after its launch. Work has begun on fewer than one in 10 homes promised by the Housing Infrastructure Fund, which was set up in 2017.

As the fallout in the US continues, WeWork is facing “material uncertainty” at group level that poses a risk to its UK business, according to its latest accounts.

Meanwhile, Stanhope’s controversial plans to develop a £220m life sciences hub near Waterloo station, SE1, have finally been approved. The five-acre SC1 scheme on Royal Street will include 1.7m sq ft of lab-enabled offices, 133 homes and 52,000 sq ft of shops and leisure.

In other news:

Warehouse developers add hives to lure workers

First-time buyers fall to lowest level in a decade

Leeds – a city full of promise, but what next?

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