Housing: Construction

Department for Communities and Local Government written question – answered on 22nd March 2016.

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Photo of Lord Horam Lord Horam Conservative

To ask Her Majesty’s Government how the £20 billion they plan to spend on housing investment during this Parliament will be broken down between the various categories including affordable homes for rent and starter homes to buy.

Photo of Baroness Williams of Trafford Baroness Williams of Trafford The Parliamentary Under-Secretary of State for Communities and Local Government

The £20 billion of housing investment announced in the last Spending Review includes:

  • £8 billion to deliver 400,000 affordable housing starts;
  • £8.6 billion to extend the Help to Buy: Equity Loan scheme to 2021 – supporting 145,000 families into new homes;
  • £1 billion fund for small and custom builders to support delivery of up to 25,500 new homes;
  • £1.1 billion public sector land programme to support release of land for 160,000 homes delivering a mix of housing; and
  • £2 billion for infrastructure support and other long-term investment to unlock or accelerate a pipeline of 160,000 to 200,000 homes, included within the £12 billion Local Growth Fund, and delivering a mix of housing.

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