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Housing: Construction

Department for Communities and Local Government written question – answered on 23rd March 2017.

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Photo of David Simpson David Simpson Shadow DUP Spokesperson (Business, Innovation and Skills), Shadow DUP Spokesperson (Environment, Food and Rural Affairs)

To ask the Secretary of State for Communities and Local Government, what criteria will determine allocation of the £1 billion being made available for short-term loans under the Home Building Fund.

Photo of Gavin Barwell Gavin Barwell Minister of State (Department for Communities and Local Government) (Housing, Planning and London)

The criteria for allocating the £1 billion of short-term loan finance available through the Home Building Fund is available in the fund prospectus which can be found here:

https://www.gov.uk/government/publications/home-building-fund/an-introduction-to-the-home-building-fund.

As housing is a devolved matter, the Fund is only available in England. However, £176.4 million was made available for Northern Ireland through Barnett consequentials as a result of the £3 billion Short and Long Term Home Building Fund allocations for the UK.

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