Draft Housing (Tenancy Deposit Schemes) Order 2026

Lewis Cocking Excerpts

Monday 2nd November 2026 General Committees

[Matthew Pennycook]

Simply because—I was coming on to make this point—this order is enabling in nature. It does not require any payment to be made to the Secretary of State, nor does it prescribe how any payment amounts would be determined. Those matters would be determined through future scheme arrangements established via procurement and contractual processes. I have said it before, and I will say it again for reassurance: the Department will publish information about any amounts received, the programmes funded and any metrics demonstrating the value delivered, so there will be full transparency on the use of funds.

[Lewis Cocking (Broxbourne) (Con)]

I thank the Minister for giving way; he is always very generous with his time. Could he provide us with some examples of what MHCLG could use this money for to support renters? He has not listed any yet, and obviously there are none in the SI. I am a bit concerned about where this money is going to be used.

[Matthew Pennycook]

Forgive me, I think I did give an example in my opening remarks, but I do not want to stand here and speculate on the precise programmes that might be funded through those interest payments, if we make a decision to take a portion of them in future. I am being very clear that they would be directed to support private rented sector tenants; they could not be siphoned off for other Government activities. Any payments made to MHCLG would be subject to future agreement via contractual and procurement processes.