The New Homes Bonus is a powerful, simple, transparent and permanent incentive for local authorities and communities to increase their aspirations for housing growth. The final scheme design of the New Homes Bonus will be published shortly.
The New Homes Bonus will sit alongside the Government's current national planning for housing policies as set out in Planning Policy Statement 3: Housing (PPS3). PPS3 focuses on developing brownfield land for housing as a priority, particularly vacant and derelict sites and buildings, as well as surplus public sector land where possible.
We announced in December the start of work to create a simple and consolidated national planning policy framework covering all forms of development, as promised in the coalition agreement. This will include planning for housing policy.
The New Homes Bonus does not change planning policy. However, we do believe it will promote more sustainable, locally-led development than the failed and unpopular regime of regional strategies.
The consultation also proposes that the bonus rewards getting long-term empty homes back into productive use.