Housing Infrastructure Fund

(asked on 30th November 2017) - View Source

Question to the Department for Levelling Up, Housing & Communities:

To ask the Secretary of State for Communities and Local Government, what estimate he has made of the funding allocated to the Housing Infrastructure Fund, excluding Barnett Formula consequential spending, but including the Greater London Authority area, over the next 4 years.


Answered by
Alok Sharma Portrait
Alok Sharma
COP26 President (Cabinet Office)
This question was answered on 7th December 2017

A summary of the budget profiles up to 2020/21 will be published as part of my Department’s main estimates for 2018/19.

The Autumn Budget demonstrated our determination to fix the broken housing market, allocating funding as far ahead as 2022-23. This includes £15 billion of new financial support over the next five years, bringing the total package of financial support to £44 billion over the period.

New financial support measures announced at Autumn Budget for the four years to 2020-21 are set in the Budget book.

On the new financial guarantees for house building outlined at Autumn Budget, we will be working to engage the market over coming months as to the most effective way of deploying these guarantees in order to pursue our housing goals.

Following the additional financial support for housing announced in the Autumn Budget, my Department is now reviewing the budget profiles of existing housing programmes to ensure these are aligned with this new funding.

We will discuss appropriate arrangements and funding for London with the Mayor and the Greater London Authority.

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