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Starter Home Initiative

Transport, Local Government and the Regions written question – answered on 16th May 2002.

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Photo of Colin Breed Colin Breed Liberal Democrat, South East Cornwall

To ask the Secretary of State for Transport, Local Government and the Regions how many key workers will receive financial support from the Starter Home Initiative; and how much will be allocated to key workers in rural areas.

Photo of Sally Keeble Sally Keeble Parliamentary Under-Secretary, Department for Transport, Local Government and the Regions

We are providing £250 million for the Starter Home Initiative (SHI) which aims to help around 10,000 key workers into home ownership. £230 million SHI funding was allocated to local scheme providers in September 2001 following a competitive bidding process. This included some £8.7 million allocated to schemes that proposed to help key workers to buy homes in small rural settlements with a population of 3,000 or less. We expect to announce the allocation of the remaining £20 million SHI funding to successful bidders later this month.

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